Is standardisation the secret weapon against trade finance fraud?
How lenders can leverage technology to mitigate duplicate trade fraud.
Trade Finance
Blockchain-based trade finance platform we.trade shuts shop
We.trade claims to be “the world’s first enterprise-grade blockchain-enabled trade finance platform”.
New trade finance bank Neotrade launches in the UK
Neotrade provides financing for SMEs using an AI-based scoring system.
Why trade finance should embrace blockchain to realise its digital ambitions
Digital innovation in trade finance is gaining momentum, and blockchain offers a number of possibilities.
Blockchain fintech Oasis Pro lands $27m Series A
The company’s mission is “to bridge the world of traditional finance, blockchain and decentralised finance”.
US Bank partners fintech LiquidX to speed up supply chain transactions
The collaboration seeks to address supply chain financing friction and cashflow challenges.
ICYMI fintech funding round-up: Winden, EximPe, Uplinq, ImaliPay & SwooshTransfer
Our weekly fintech round-up for you to get the latest funding news from around the world.
SME financing platform Stenn lands $50m equity investment
Stenn CEO Greg Karpovsky says: “A lack of access to finance is stunting the growth of SMEs around the world.”
Danske Bank rolls out Conpend’s TRADE AI app for trade finance
Conpend is a specialist provider of document checking software for trade finance processes.
Banco Pichincha in trade finance tech overhaul with Surecomp
Equador’s largest bank will deploy Surecomp’s Trade Finance-as-a-Service (TFaaS) solution.
Rabobank revamps trade finance ops with Surecomp
Rabobank is fully live with Surecomp’s front- and back-office solutions, allNETT and DOKA-NG.
Modifi acquires Seawise Capital’s trade finance and SaaS business in India
Modifi’s business in India has grown more than 2,100% over the past 18 months.
Technology and collaboration – the formula for reconceiving trade finance
Digitisation and collaboration across global trade are vital to upgrading this centuries-old industry.
Crypto IRA software platform iTrustCapital secures $125m in growth equity
The growth equity investment round values the company at more than $1.3bn.
2021: Top five movers and shakers
FinTech Futures takes a look back at some of the year’s seminal hires and appointments.
MODIFI secures $145m in debt financing to boost SME trade support
“2021 has been a challenging year for SMEs,” says MODIFI CEO.
HSBC and Wells Fargo launch blockchain-based FX settlement solution
The shared, private ledger enhances settlement speed and efficiency and reduces risk.
Swift changes for guarantees – are banks ready to deliver a digital trade service?
The new Swift CAT7 standards will have a significant impact on the trade finance industry, but are banks prepared?
Social investing app Shares hires former Revolut product lead as CPO
Harjas Singh will be based in the company’s London office.
Euroclear partners India’s HCL to modernise digital framework
HCL will set up a co-innovation lab in Brussels to explore emerging technologies.
Singapore and UAE conduct first cross-border digital trade document transfer
Singapore’s TradeTrust enables counterparties and banks to validate documents digitally.
Ebury partners Santander to help German SMEs trade globally
The partnership plans to offer a solution that streamlines cross-border trade.
Asset manager Abrdn confirms Interactive Investor takeover talks
Abrdn confirmed talks are taking place, but made clear nothing is finalised as yet.
German investing start-up Moonfare raises $125m in Series C round
The platform opens up access to private equity funds for individual investors.
Silver Lake to acquire 10% stake in Euroclear from ICE in $825m deal
The deal could be finalised by the middle of next year and is subject to regulatory approval.
Citi picks Capital One’s Naveed Anwar for digital head of TTS
The Capital One man is an industry veteran of 20 years across PayPal, eBay and AOL.
Bond trading fintech Trumid secures $208m in financing to fuel growth
Cash will be used for technology development and to expand into new markets.
Exclusive: Santander’s PagoNxt to discontinue PagoFX app to refocus on trade services
Users will no longer be able to use the service to send payments after 30 November.
Irwin secures $20m in Series A funding round led by K1
The investment will help further the fintech’s mission to upgrade the capital markets software offering.
Trade surveillance fintech Eventus secures $30m Series B funding
Eventus will use the Series B cash to continue its growth.
State Street to acquire BBH Investor Services in $3.5bn deal
State Street says the deal will help enhance its investment products and services.
Blockchain’s potential to change the face of trade finance
Blockchain could be the most effective platform to help digitise trade finance processes.
Trading technology firm DriveWealth secures $450m Series D funding
Fintech will use the funds for continued product and service expansion and additional hires.
Bitpanda valued at $4.1bn after $263m Series C raise
Austrian firm has now raised around $546 million in total funding.
Exclusive: Central Bank of Egypt selects collection of Oracle FS platforms
Central bank picks a range of systems from digital banking to treasury and credit facilities.
Major Indian banks join trade finance blockchain project IBBIC
The consortium promises the creation of a secure environment for processing letters of credit.
Video: fintech news pick of the week – Visa, FTX and Bank of Ireland
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
FinTech Futures Jobs: Three really great jobs to take a look at this week
Exciting vacancies at Plum, Viber and BNY Mellon. Apply today!
ICYMI funding round-up: Credit Fair, Plooto, Xclaim, Weavr & more
Another batch of funding rounds that might have flown under your radar.
Broadridge appoints Ray Tierney as new president of Itiviti
The firm signed a $2.5 billion deal to acquire Itiviti earlier this year.
