Tagged: trade finance

November 24, 2019 @ 10:42 am By Omar Faridi  |  

Oman Oil and Orpic Group and HSBC Bank Oman SAOG have reportedly performed the first blockchain-based trade finance transaction in the Middle Eastern nation using R3’s Corda technology. According to a November 23 report from Oman Observer, Oman Oil and Orpic Group, the country’s largest… Read More

October 20, 2019 @ 3:04 pm By Omar Faridi  |  

The Singapore division of CIMB Bank Berhad carried out a structured trade finance transaction on a blockchain-based and internet of things (IoT) platform, developed by iTrust. The transaction reportedly involved the financing of Chinese imported dairy products and may generate yearly transaction flows of approximately… Read More

October 13, 2019 @ 10:37 am By Omar Faridi  |  

Marco Polo, a trade finance blockchain that has partnered over 20 banks, is testing its first trade deal between Germany and Russia. The company’s pilot was announced on October 11.  Russian’s Alfa-Bank and Novolipetsk Steel Company (NLMK) will take part in the pilot. Germany’s Commerzbank… Read More

November 3, 2018 @ 11:29 am By Xu Gao  |  

Hong Kong Monetary Authority Launches Blockchain-based Trade Finance Platform TradeConnect The Hong Kong Monetary Authority (hereinafter referred to as the HKMA) announced on October 31st that it had launched a blockchain-based trade finance platform TradeConnect, in order to facilitate cross-border trade and related research. TradeConnect… Read More

April 26, 2018 @ 12:00 pm By Samantha Hurst  |  

Citizens Bank announced on Thursday it is teaming up with Finastra and Infosys to power the trade finance solution it is offering to its corporate clients. According to Citizens Bank, the solution will enable its corporate clients to digitize traditionally paper-based trade processes, which may… Read More

August 31, 2017 @ 3:45 pm By JD Alois  |  

Traydstream has appointed Citi Bank’s former – Head of Trade for Europe, Middle-East & Africa (EMEA), Sameer Sehgal, as its Chief Executive Officer CEO. Traydstream said that Sehgal brings over 22 years’ expertise in trade, having held several senior roles over the years. Traydstream improves trade… Read More

August 8, 2017 @ 12:21 pm By Erin Hobey  |  

  It’s been quiet an exciting week for Abu Dhabi Global Market: global Fintech challenges, new alliances and partnerships. ADGM and KPMG have synced to launch the first ever FinTech Abu Dhabi Innovation Challenge on 22 October 2017 in Abu Dhabi to enable startups to… Read More

May 17, 2017 @ 1:50 am By JD Alois  |  

CCRManager Pte Ltd, a Fintech company based in Singapore, has launched an online platform for the distribution of trade finance, supply chain finance and working capital assets.  The online platform will enable banks to manage the entire process of distributing trade finance internationally to other… Read More