Trade Finance

Citi launches digital ETF Order Portal
25 Sep 20
It will digitize the bank’s entire ETF primary market cycle.
Citi Treasury and Trade appoints new APAC trade head
25 Aug 20
Citi Treasury and Trade Solutions has appointed Kanika Thakur as Asia Pacific trade head, effective immediately, according to a press release.
Sumitomo Mitsui Banking Corp joins two blockchain-based trade platforms
23 Jul 20
These platforms digitalise LC workflow and issuance.
Banks seek trade finance revamp after billions in losses: report
9 Jul 20
Lenders are struggling to reclaim loans as big traders trick banks with empty promises...
MUFG names new head of transaction banking for East Asia
14 Apr 20
Belinda Han previously worked for Standard Chartered Hong Kong and HSBC China.
OCBC and Standard Chartered completes Singapore's first OIS trade using SORA
21 Nov 19
The trade is a one-year interest rate swap fixed against SORA.
Coordination, cooperation, collaboration: Closing the trade finance gap together
11 Nov 19
The trade finance gap is a serious issue that is impacting the health of global trade and business development in many countries across the world...
Singapore banks ace corporate customer satisfaction survey
18 Sep 19
DBS retained the crown in terms of back office centralisation.
Harnessing technology to optimise Asian trade
17 Sep 19
In a period of uncertainty for global trade, fuelled by protectionism and increasing concerns regarding a potential US-China trade war, the...
Hang Seng Bank embarks on digital journey for its trade finance business
5 Aug 19
It has a solution that can recognise the type of documents being scanned and extract data from images.
Which Singapore bank enjoys the highest corporate customer satisfaction?
27 Jun 19
A homegrown bank pulled ahead of global rivals like Standard Chartered.
UOB renews supply chain financing deal with LiuGong
14 May 19
The bank will provide cash management and trade finance services.
Krungsri embraces emerging technologies to create more value for corporate clients
9 May 19
The bank is the first major player in Thailand to apply blockchain to enhance supply chain transactions.
OCBC develops paper-lite trade finance platform to combat forgers
7 May 19
The move is part of its goal to grow its trade finance business which saw revenue growth of 20%.
ICBC Singapore issues US$2.2b green bond for Belt and Road projects
22 Apr 19
The offering is available in three currencies: USD, CNY and EUR.
Inside Asian Development Bank's $118m modernisation programme
1 Apr 19
The bank is digitising its systems; streamlining financial and administrative services and setting up a digital sandbox.
HSBC targets Korean bank tie-ups for blockchain platform
18 Mar 19
It aims to launch the Voltron platform to rapidly streamline trade financing.
Japanese megabank edges out global trade financiers in customer satisfaction: survey
27 Feb 19
Citi, HSBC and Deutsche Bank all trail behind Mitsubishi UFJ.
Citi targets 25% revenue growth from Asian trade corridors in 2019
1 Feb 19
The bank has over 20 desks in the region.
Hong Kong's blockchain-powered trade finance platform goes live
2 Nov 18
eTradeConnect will digitise the paper-intensive process.
Bank of East Asia debuts trade finance services on blockchain-powered platform
31 Oct 18
It will be available on eTradeConnect.
Sibos 2018: How Japan's megabanks will digitalise trade finance processes using blockchain
24 Oct 18
They are part of a consortium of trade players working on a Trade Data Sharing Platform.
Standard Chartered to pilot blockchain-powered smart guarantees for trade finance
30 Aug 18
The bank aims to digitise the previously paper-intensive process.
Citi appoints Beibei Lei as head of banking and origination for Belt and Road
16 Aug 18
She has been with Citi for nearly two decades.
Myanmar to allow 13 foreign banks to offer import financing services
1 Aug 18
Only trade financing was previously allowed for foreign lenders.
ICBC inks deal with Germany's Commerzbank to finance Belt & Road projects
27 Jul 18
The German lender has committed to a business volume of $5b in the next five years.
Hong Kong to launch blockchain-powered trade finance platform in September
18 Jul 18
This involves the participation of the central bank and seven other lenders.
Chart of the Week: Here are Asia's top trade finance banks
4 Jul 18
Bank of India is fast outpacing Japan's mega-banks.
ABN AMRO reveals Asia Pacific appointments in trade & commodity finance
26 Jun 18
Eugene Ganchev is the new Asia Pacific head of trade & commodity finance, whilst Gregory Vandeler is Asia Pacific head of agri-commodities...
Asian banks may just be at the centre of the trade finance boom
24 May 18
The region is expected to account for over a third of trade flows by 2020.
Indian banks team up in blockchain-powered trade finance network
17 May 18
The collaboration will leverage on Infosys Finacle’s technology.
Citi to co-finance trade in developing markets with Asian Development Bank
10 May 18
The two lenders can share risk on a funded basis.
UOB ties up with Santander UK to facilitate overseas expansion for SMEs
10 May 18
Businesses can gain access to the two banks’ product and service offerings.
How can blockchain unblock Thai banks' trade finance slump?
9 May 18
Banks are pooling resources to break growth ceilings with the planned development of a blockchain-powered trade finance platform.
Can trade finance plug the gap left by Australian banks' retreat from wealth?
7 May 18
Over a third of businesses expect trade finance demand to rise in the coming year.
Citi inks deal with BOC and CMB to explore co-financing Belt & Road projects
20 Apr 18
The bank has business coverage across 60 of 70 B&R markets.
No bank is an island: Beating trade finance challenges
23 Mar 18
Banks build alliances to tread tricky waters of technology and regulation.
CIMB unveils cross-border banking for Singapore and Malaysian customers
5 Mar 18
This enables fee-waived fund transfers, preferentail forex rates, and bill payments.
Citi appoints Debopama Sen as head of treasury and trade solutions for Singapore and ASEAN
26 Feb 18
She will report to Rajesh Mehta, Asia Pacific head for TTS, and Amol Gupte, ASEAN head and CEO of Citi Singapore.
Big Australian banks brace themselves for foreign competition in transaction banking
19 Feb 18
Corporate clients seek out new partners with trade finance capabilities.

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