Trade Finance Lessons From The Microchip Shortage
For thousands of companies across the globe, the worldwide shortage of microchips has added to the economic pressure they already face as a result of the pandemic. Michael Boguslavsky, Head of Artificial Intelligence, Tradeteq, looks how trade finance has been affected and the steps firms can take to mitigate supply chain risk. The worldwide shortage […]
Blockchain in the Fight Against Trade-Based Money Laundering
The estimated amount of money laundered worldwide in one year is as much as $2tr. . Despite billions of dollars of investment, less than 0.1% of illicit funds are being intercepted by financial institutions. Clearly, money laundering is big business. Like most criminal activities, the threat is constantly evolving and keeping pace with rapid digitisation. […]
Paper Cuts: Rio Tinto Leverages Blockchain for Trade
With the first fully digital, blockchain-secured end-to-end letter of credit transaction between Nanjing Iron & Steel and Rio Tinto complete, TMI asks Rio Tinto’s Michel Alves, Customer Service Manager, Iron Ore and James Liu, Account Manager, Southern China, to share their highlights from the experience. Engage in a conversation about cross-border trade and eventually talk […]
Putting Innovation into Practice: Trade Finance for the 2020s
While many aspects of trade finance have remained unchanged for centuries, at the start of a new decade a variety of drivers are offering the tantalising possibility of redefining the sector. Eleanor Hill, Editor, recently caught up with Jean-François Denis, Global Head of Trade Solutions and Network Management at BNP Paribas, to explore the changes […]
Building a Network of Networks
With solutions such as we.trade revolutionising supply-chain interactions, while others, such as Project Wilson, connect correspondent banks to facilitate working capital financing, Simone Del Guerra of UniCredit discusses the shifting landscape of correspondent banking and the possibility of combining corporate-to-corporate and bank-to-bank platforms to create a network of networks. Correspondent banking is evolving. Once […]