Posts Tagged ‘tradetech’

At the EBRD 2024 annual meeting in Yerevan, Armenia, the Trade Facilitation Program (TFP) was in the spotlight as it transitions leadership from Rudolf Putz to Shona Tatchell. 

Emirates NBD, in partnership with DP World Trade Finance, Enigio, and iBind, has successfully completed a PoC on digitally native trade documents.

TFG’s Brian Canup was joined by Patrik Zekkar, CEO of Enigio, to break down the complex next steps of digitalising trade. 

The World Economic Forum is set to host the inaugural TradeTech Forum 2024, where 300 ministers, industry leaders, trade professionals, and representatives from civil society will discuss the integration of… read more →

Get your import & export processes right by understanding the key elements of Incoterms, Ex Works (EXW), common mistakes & best practices.

In a recent episode of the CII podcasts, Mark Abrams, MD, and Global Head of Trade & Receivables Finance at Trade Finance Global (TFG), engaged in a thought-provoking conversation with Jayant Sriram, an ex-journalist. The episode discusses crucial aspects of international trade and finance, shedding light on challenges and innovative solutions shaping the industry.

Global trade has shown remarkable robustness in the past few years, even under progressively difficult operational circumstances. While there’s a gradual downturn underway, there are still promising factors. 

The Biden administration has temporarily paused discussions on crucial aspects of the digital trade segment within its Indo-Pacific Economic Framework (IPEF) initiative, as stated by Democratic legislators on Tuesday.  This… read more →

Thanks to the expansion of the financial dataset available, which is no longer only related to payments, we are witnessing the evolution of open banking towards open finance, a model in which authorised third-party providers have access to information provided by banks, subject to prior customers’ consent. 

The German branch of the International Chamber of Commerce, ICC Germany, in collaboration with financial technology firm MonetaGo, has released a report stating that digitalisation is key to combating global… read more →

A recent report by McKinsey & Company on the global payments industry reveals significant growth and optimistic future prospects. The 2023 McKinsey Global Payments Report provides an analysis of the… read more →

As our world becomes increasingly digital, the digital divide has widespread implications, and the least developed countries (LDCs) are most likely to be negatively affected. 

Cross-border payments can play a special role for people and businesses around the world. They allow us to send money to our loved ones, book a holiday of a lifetime, or start a business in another country. 

In its largest single-period increase since its inception, the Asian Development Bank’s (ADB) latest Trade Finance Gaps, Growth, and Jobs Survey indicates that the trade finance gap in 2022 rose to $2.5 trillion, up from $1.7 in 2020 and $1.5 trillion in 2018.

In the wake of the pandemic, the global economy has seen a confluence of challenges, including geopolitical risks, interest rate changes, and commodity price fluctuations.