trade finance
Registry eyed to bridge Vietnam’s $90b trade finance gap
Registry eyed to bridge Vietnam’s $90b trade finance gap
It is expected to boost small importers and exporters’ access to bank credit.
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.
Weekly Global News Wrap: Investment banks’ trading income to shrink; Citi introduces new diversity goals
And Morgan Stanley unit pays $35m for mishandling customer data.
Standard Chartered, MonetaGo launch service to avoid duplicate financing fraud
It is accessible via SWIFT’s global API.
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.