Trade Finance

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.
Almost half of Chinese banks in Hong Kong to focus on RMB internationalisation in 2018
15 Dec 17
Hong Kong will be the first and biggest beneficiary of the trend.
Philippine banks to rely less on trading gains in 2018
14 Nov 17
Trading and forex income could decline by 6%.
Weekly Global News Wrap Up: Regulators near finalising new bank capital rules; EU bank watchdog to set conditions on cross-border trades
11 Oct 17
And French bankers face pressure to bring jobs home to Paris.
Weekly Global News Wrap Up: Global transaction banking revenues up 4% to US$13.8b; Bank fees face 'secular downward' pressure
20 Sep 17
And Deutsche Bank CEO says automation will take a lot of jobs over the next 10 years.
DBS appoints Mark Troutman as group head of sales for global transaction services
19 Sep 17
The GTS business constitutes 31% of the bank’s institutional banking business income.  DBS Bank, which has made significant...
Commerzbank appoints Deepan Dagur as head of trade finance & cash management, Asia
14 Sep 17
In his new role, Mr.
Mizuho eyes growing its cross-border transaction business by $100b
9 Aug 17
The bank hopes for a 20% boost in forex volume with the push into transaction businesses.
Deutsche Bank appoints Atul Jain as APAC head of trade finance and trade finance flow
2 Aug 17
Jain's appointment is effective immediately.
Three in five banks report trade finance shortage in the global market
17 Jul 17
The estimated trade finance gap stands at US$1.6t.
Learn more about Hong Kong's real-time payments market from Hang Seng Bank's Stéphan Levieux
10 Jul 17
He will be one of the panelists at the 2017 Banking Forum in Hong Kong.
Twenty-two more banks join the SWIFT gpi blockchain proof of concept
7 Jul 17
China Construction Bank, Sumitomo Mitsui, and Westpac are amongst the 22 banks.
ICBC Asia's COO to discuss how third party payment providers threaten traditional banks at the 2017 Banking Forum in Hong Kong
5 Jul 17
Jimmy Chan says real-time cross-border payment progresses in line with the international development of e-commerce.
Domestic banks in peril as firms turn to non-bank lenders for supply chain funding
31 May 17
Chinese corporates have signalled the strongest shift towards international banks.
24 APAC banks commit to implement SWIFT gpi
26 May 17
Over 110 banks in total have now joined gpi.
National Australia Bank's head of trade & working capital talks of trade finance compliance: How can a bank be truly effective?
3 May 17
Mark Borton reveals why the blame is usually on 'trade' when things go wrong and a bank is fined.
Global transaction banks developing blockchain proof of concept
3 May 17
ANZ and DBS are amongst the banks working with SWIFT.
Citi India launches new digital cross-border payment solution
27 Apr 17
Corporate clients won't need physical documents for international payments.
Hong Kong banks team up with Deloitte, HKMA to develop distributed ledger technology proof of concept
31 Mar 17
Participants include BOCHK, BEA, Hang Seng, HSBC, and StanChart.
Malaysian banks' external liabilities hit US$39.6b in 2016
24 Mar 17
It accounted for 17.3% of the banks' balance sheets.
Kasikornbank launches funds transfer service for all AEC+3 currencies at every branch
10 Mar 17
It's the first bank to have a transfer service for the 10 Asean currencies and the yuan, yen and won.
Kasikornbank opens second Border Trade Business Centre in Mukdahan
7 Mar 17
The bank aims to boost value of border trade by US$22m.
SWIFT appoints Lisa O'Connor as Asia Pacific head of standards
7 Mar 17
SWIFT recently announced the appointment of Lisa O’Connor as Head of Standards, Asia Pacific, based in Hong Kong.

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Events Calendar

Oct 22
SIBOS 2018
International Convention Centre (ICC) Sydney
Oct 30
Efma Retail Banking Summit in Asia 2018
Singapore
Nov 12
Singapore FinTech Festival 2018
Singapore Expo
Nov 14
Money20/20 China
Hangzhou International Expo Center, Hangzhou, China
Nov 27
ABF Digital & Open Banking Conference 2018, Hong Kong
Hotel ICON, 17 Science Museum Rd, Tsim Sha Tsui, Hong Kong
Dec 04
ABF Priority Banking & Wealth Management Conference 2018
Shangri-La Hotel, Singapore