trade finance

Vietnam’s finance sector faces digitalisation challenges despite eased regulation

Industry experts discuss how to navigate Vietnam’s challenging digital landscape at the Asia Banking and Finance and Insurance Summit.

IFC, HSBC team up to introduce $1b risk-sharing facility

It is part of IFC's Global Trade Liquidity Programme.

China’s payment system gets boost from renminbi rise

African SMEs get the same level of service as large companies under a more open China. 

Weekly Global News Wrap: Crypto exchange FTX owes $3.1b to creditors; Deutsche ex-trader sues bank for $150m

And Italy’s UniCredit gives German staff bonuses up to 2,500 euros for inflation.

UOB, Doxa, move Kimly Construction trade financing processes online

Processes affected include the creation of invoices, uploading and validation of supporting documents. 

Bangladesh’s City Bank clinches $30m trade finance loan with UK’s CDC

It will be used to extend foreign currency trade to local banks and businesses.

J.P. Morgan boss predicts banks’ trading slump gone after pandemic: report

But shareholders may not share the same optimism once they see investment banks’ Q2 results.