MonetaGo has been picked by the Association of Banks in Singapore to build the Trade Finance Registry (TFR), to curb duplicate financing fraud. Know more.

Fidelity Bank has partnered with Union Systems Limited to adopt its KachasiTM Trade Finance Software and OptimusTM Corporate Portal, automating trade finance services.

The International Finance Corporation is likely to develop a secure digital banking structure under a deal signed with Bangladesh Financial Intelligence Unit. Know more.

British regulators warn UK watchdogs. They explained that the banks are incapable of conducting proper trade finance checks to curb trade finance losses. Know more.

It has been announced by Tesco Bank that it is closing all of its 213,000 personal current accounts on 30th November due to being less utilized by its customers.

The Covid-19 has adverse effects on global trade & supply chain. From lost revenues to decreased product demand & investments, the global economy is suffering.

Zürich-based SIX Group has partnered with Luxembourg-based Fintech firm LUXHUB to further provide and improve the adoption of Open Banking in Switzerland.

QPS Global is planning to expand its activities in the Middle East markets with an investment of US$10 million including UAE, Saudi Arabia, Qatar, Oman and Kuwait.

The Federal Reserve said that the economic recovery of the US is showing positive signs despite a surge in coronavirus cases, the US job market needs to improve.

Singapore's GUUD (Finance) Pte. Ltd. ("GUUD Finance") launched RYTE, an advanced trade financing technology platform that connects financiers to businesses.

Marco Financial has raised $7 million in seed funding and $75 million in a credit facility, by Arcadia Funds LLC and Kayyak Ventures to boost LatAm market.

The latest Tweet by Reuters states that the UK is sharpening London as a global financial center. Britain’s finance ministry set out changes to capital markets.

Beijing’s Made in China 2025 program triggered the increased technology war between the US and China. Started by Trump, Biden is transforming into the tech war.

Kuwait International Bank (KIB) is all set to sell out $13.25million from some of its debt of amount$74.11 million owed by NMC Healthcare. Read the full news.

Recently, a Trade Finance Platform-as-a-service (TPaaS) has been introduced by the cloud-based trade finance digitization firm Bolero International.

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