Afreximbank, AfDB report reveals damage wrought by Covid-19 on banks’ trade finance business
21-04-21 / by Felix Thompson
Letter of credit (LC) business and correspondent banking relationships “slumped substantially” across Africa in the...letter of credit (LC)
ITFA issues guidance on ‘controversial but misunderstood’ synthetic LCs
21-04-21 / by John Basquill
An influential industry group has issued first-of-its-kind guidance on structured letters of credit (LCs), a...
Libya letter of credit system abused for “rampant fraud”, report claims
24-02-21 / by John Basquill
The Libyan central bank’s letter of credit (LC) system may have been exploited for “fraud...
Supply chain trade finance: an industry view
02-02-21 / by John Basquill
In an otherwise difficult year for the trade finance sector, providers of supply chain finance...
ITFC launches letter of credit confirmation product
16-12-20 / by Maddy White
The International Islamic Trade Finance Corporation (ITFC) has launched a new letter of credit (LC)...
Citi commodity trade finance head makes switch to komgo
02-06-20 / by Felix Thompson
Trade finance blockchain platform komgo has appointed Kris Van Broekhoven as its new chief financial...
Contour brings in Chinsay to connect contract data to financing
01-04-20 / by Eleanor Wragg
Blockchain trade finance network Contour has partnered with supply chain data firm Chinsay in order...
Exclusive interview: Bolero launches Galileo platform to “go beyond just a messaging system”
11-02-20 / by Eleanor Wragg
Bolero International, a provider of trade finance digitisation solutions, has launched a new platform in a...
HSBC drives trade digitisation in Mena
18-12-19 / by Felix Thompson
HSBC has carried out two digitised letter of credit (LC) transactions in the Middle East,...
HSBC completes cross-border Rmb-denominated blockchain letter of credit
11-09-19 / by Eleanor Wragg
HSBC has completed a cross-border, renminbi (Rmb)-denominated letter of credit blockchain deal, in what the...