All posts tagged "Trade Finance"
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827AML / KYCCombatting TBML Through Collaboration and Technology
R3’s Henry Roxas describes the complexities of trade-based money laundering in Asia and the importance of collaboration to tackle the problem once and for all.
December 9, 2020 -
361Big PictureFinancial Services Driving Growth in Singapore Blockchain Use
The Singapore Blockchain Ecosystem Report 2020 says the use of blockchain in Singapore's financial sector is driven by industry collaboration to address common pain points.
December 9, 2020 -
943FeatureSingapore Banks Get New Best Practice Code for Commodity Financing
The Code was developed by an industry working group of 28 commodity financing banks in consultation with trading firms and with the support of regulators.
December 1, 2020 -
1.7KBig PictureDLT Projects in Trade, Trade Finance Have Matured: WTO, TFG
Research from the WTO and TFG suggests a material acceleration of projects, consortiums and companies using DLT and blockchain within trade and trade finance.
November 6, 2020 -
1.4KChinaHong Kong, China Successfully Connect Trade Finance Platforms
Seven banks have already used the connection to conduct cross-border trade financing transactions, with the total trade value exceeding HK$26mn.
November 4, 2020 -
580UncategorisedBIS Innovation Hub, HKMA Announce TechChallenge Winners
The winning proposals hold 'great potential' for addressing some long-standing pain points of the global trade finance business, said the HKMA's Edmond Lau.
November 3, 2020 -
1.2KFeatureSingapore Banks to Develop Trade Finance Registry to Combat Fraud
DBS and StanChart are leading a project to develop a central registry which will prevent borrowers from using the same collateral to secure loans with multiple banks.
October 7, 2020 -
1.3KFintech / RegtechSWIFT, Singapore IMDA Join Forces to Digitalise Trade Documents
The collaboration will pave the way for the seamless exchange of electronic trade documents around the world, shorter trade processing times, and opportunities for innovation.
October 6, 2020 -
1.2KAsia-PacificAnt Group Launches New Digital Trade, Financing Platform
DBS, BNP Paribas, Citibank, Deutsche Bank and StanChart have partnered with Ant Group to help optimise cross-border processes on the new blockchain powered platform.
September 30, 2020 -
3.5KAML / KYCTrade-based Money Laundering: Avoiding Murky Waters
HSBC Singapore’s Jamil Ahmed calls for continued vigilance, the use of technology, and participation in public-private partnerships to mitigate trade-based money laundering risks.
August 31, 2020
