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The latest trends, technology and insights in the world of international trade and receivables finance

The latest trends, technology and insights in the world of international trade and receivables finance


United Kingdom


The latest trends, technology and insights in the world of international trade and receivables finance






Customs, the BOM and Ro-Ro - What Next for the UK?

The Coronavirus Pandemic has quite rightly been the key focus for governments around the world in recent months, but that doesn’t mean the UK’s exit from the European Union has taken a backseat. Seems like quite a while ago now, but as of February 1st this year, the UK Brexited the EU, and we are in the transition phase until the end of 2020. But when clocks chime midnight at the New Year, the way exporters and importers trade with the EU will change significantly. There are implications...


Separating cat pics from invoice scans - the role of artificial intelligence in global trade

Among the oldest areas of financial services, trade finance always held a central position within international trade, with 80 to 90% of transactions being financed by some form of credit, guarantee or insurance. However, the sector is one of the most manual and paper-based of the whole industry, resulting in expensive and error-prone operations with a slow processing time. Emerging and new technologies have potential to address these problems, with the potential to transform the way...


The state of trade: tension, transition, and turning point. TL;DR on ICC’s Global Trade Survey

Banks remain fairly optimistic about the future of trade finance, according to ICC’s recently published annual global survey on trade finance. In the words of ICC’s Secretary General John Denton, “The year 2020 has not unfolded as anyone would have anticipated.” As partners of this survey, TFG heard from Alexander Malaket, Chair of the Global Survey, joining from Toronto. We’ll be dissecting the Global Survey, highlighting the key takehomes and discussing what this means for trade...


'China Plus One' Strategy - Best of Both Worlds?

Trade in Asia is changing at an alarming pace. The US-China trade war continues to grind on, firms are now seriously thinking about their existing supply chain footprints, and understanding the importance of free trade agreements in and around APAC has never been more important. TFG heard from Dr. Deborah Elms, CEO, Asian Trade Centre on the impact of COVID19 for businesses in Singapore and also more widely in Asia Pacific. Full article and transcript here:...


WEF - The Fourth Industrial Revolution: Inclusive digital trade is the future

It's never been a more important time to recognise and accelerate the adoption of technology to help enhance, promote and ease global trade. Moreover, there are many challenges associated with the advancement of technologies, which are coinciding with the rapid emergence of: ecological constraints, the advent of increasingly multipolar international order and rising inequality. And to add to that, the economic and health impacts of the global pandemic Coronavirus have been huge. With that...


ICC SOS – Save Lives. Save Livelihoods. Save Our SMEs

The coronavirus crisis has affected MSMEs disproportionately and has revealed their vulnerability to the supply and demand shock, particularly around liquidity and cash flow. It’s estimated that 40-60% of small businesses might not reopen after the Coronavirus pandemic. 200 million full-time job losses are expected between April and July 2020. TFG heard from ICC’s Secretary General John Denton and talked about actions needed from governments, private sector leaders and international...


$5 trillion and counting - the MSME Finance Gap

Today we’re talking about micro, small and medium enterprises (MSMEs), and their importance in real-world economic growth, job creation, and innovation. Creating opportunities through MSMEs, particularly in emerging and developing markets is crucial, as it can help advance economic development and reduce poverty. Micro, Small and Medium Enterprises (MSMEs) are one of the strongest drivers of economic development, innovation, and employment. Access to finance is often identified as a...


Bitter Sweet: Global trade disruption and its impact on sugar flows

The ongoing impact of the global Covid-19 pandemic has severely impacted many businesses. Alongside the downfall of the oil industry and many others, we discuss the impact on a common commodity in everyone's household - sugar. TFG is very delighted to hear from Tanya and Stephen of Czarnikow discussing in detail the impact of Covid-19 on sugar supply chains. Czarnikow buys, sells, and moves sugar, food ingredients, packaging, and ethanol around the world. Full transcript and article here:...


KYP (Know Your Policy) – Learnings from CPRI in a post-Covid world

It is estimated that some EUR600bn of support to real economy businesses is provided by the credit risk insurance market, according to a recent survey by ITFA. Credit insurance is crucial in facilitating bank lending and in supporting trade flows. Trade credit insurance cover is largely used to provide capital relief - i.e., non-payment credit risk insurance, surety and risk participations. COVID-19 has certainly changed the behaviour of underwriters, and we wanted to find out where...


SWIFT's 2020 Standards Release - An introduction to Messaging Types (MTs)

Structured data and standard formats for exchanging information around bank guarantees and letters of credit are key for the digitisation of trade finance. Interbank and bank-to-corporate messaging remains a challenge, and whilst the industry welcomes moves towards structured data and SWIFT’s new messaging types, there are still challenges. TFG heard from Olli Jääsaari, Standardised Trust expert and Nordea’s Trade Finance & WCM Product Manager. Full interview here:...


APAC Trade and Supply Chain Finance in 2020 - Market Commentary

Today's podcast is all about Asian trade flows and their expected growth, which is predicted to be between 4-9%, according to the ICC. A leader on the world stage, Asia produces, trades and consumes over two-thirds of major commodities. The region is on track to top half of global GDP and 40% of the world’s consumption by 2040. $900 billion of the $1.5 trillion USD trade finance gap stems from underfinanced businesses in Asia, yet promising developments around regional free trade agreements...


Wolfsberg Group: Fighting financial crime when the going gets tough

Money fuels serious crime, including drugs trafficking, human slavery and terrorism. Managing financial crime risk while keeping up with the speed at which trade finance and payments technologies are emerging presents a huge challenge for banks around the world. TFG heard from Standard Chartered’s Group Head of Financial Crime Compliance, David Howes.


ADB: Development Banks step up in the fight against COVID-19

The impact of COVID-19 on trade finance is hard to gauge at this current point in time, as the situation changes day by day. But the requirements for multinationals and development banks has never been more important in keeping supply chains running. TFG heard from Steven Beck, Head of Trade & Supply Chain at Asian Development Bank, joining from Manila. Full transcript here:...


TradeIX & Pole Star Deep Dive: DLT in the Maritime and Shipping Space

Today we're delighted to be joined by Simon Ring at Pole Star and Nick Barnes at TradeIX and the Marco Polo Network. This podcast is really about the intersection between freight forwarding, trade and regulatory technology.


From Mesopotamian Tablets to 2020: A BCG View on Trade Finance Ecosystems

Trade underpins the evolution of mankind, and with trade comes trust, and with trust comes third parties. Moving forward from IOUs and promises written on clay tablets thousands of years ago, to today’s interconnected world of trade, I want to question how far the industry has really gotten to, in terms of innovation and true digitalisation. Buzz words aside, TFG was joined by a world-renowned expert in trade and trade finance; BCG’s Sukand Ramachandran. Sukand is a leading expert in...


Life In the Fast Lane for Short Term Trade and Supply Chain Finance: TXF Political Risk & Trade Credit Insurance

TXF Political Risk & Trade Credit Insurance is a uniquely interactive forum where banks, corporates and traders meet the CPRI market to forge new and deeper partnerships for distribution, capital relief and risk mitigation. TFG are delighted to be Media Partners of the TXF Political Risk & Insurance conference in London on the 4th December, and to ensure you’re up to speed with this ever-changing environment, we caught up with leading experts in CPRI ahead of the conference. We are joined...


Central Banks’ View on DLT – Cautious Optimism from ECB’s Dirk Bullmann

DLT is not just a buzzword but a trend which is about to transform the financial industry. The European Central Bank also has a stake in the innovation game. We met Dirk Bullmann, ECB’s Innovation Lab Leader, during Sibos 2019 in London. We learned more about ECB’s work on distributed ledger technology, crypto assets and stablecoin. How innovative are stablecoins solutions? To what extent can stablecoins minimize volatility? How are they used today and how could they be used tomorrow? We got...


BAFT's Talking Heads of Trade - A US Perspective from Steve Lotito, MUFG

TFG caught up with Steve Lotito, Managing Director & Head of Trade Finance-North America, Transaction Banking at MUFG Bank. Steve is also in the Board of Directors of BAFT. There are many challenges and opportunities facing the trade finance business that requires daily attention to the most senior Business Heads. We talked about how the US players are dealing with such issues as new regulatory and compliance requirements, finding new pockets of growth and investing in new products in the...