RAKBANK, a UAE-based bank, has entered into a strategic partnership with Cleareye.ai, a US-based fintech. The collaboration aims to automate elements of the bank’s trade finance operations and support its core system modernisation efforts.

Trade has been the driving force behind the rise and fall of civilisations, the expansion of empires, and the spread of technology, culture, and political ideologies.

Editor Deepesh Patel spoke with Maka Bochorishvili, Environmental, Social and Governance Coordinator at TBC Bank; Mirza Muhammad Asim Baig, Senior Executive Vice President & Group Chief – Human Resource Management Group at National Bank of Pakistan; and Catherine Holloway, Co-founder & Academic Director of the Global Disability Innovation Hub (GDI Hub) and a Professor at University College London.

My first exposure to a major currency was when the EURO came into being in 1999. Still new to the FI world, we sold EUR nostro accounts to banks in… read more →

The International Trade Centre (ITC) has published a new paper, Expediting Trade Through Electronic Bills of Lading, assessing how digital documentation is reshaping the movement of goods across borders.

Trade Treasury Payments (TTP), the new independent media and data intelligence platform for trade, treasury, and cross-border payments, today announced the launch of its Global Advisory Panel (GAP) — a network of over 40 leading experts spanning financial services, technology, law, policy, and development finance.

MonetaGo and Digital Vault Services GmbH (DVS) have announced a new strategic partnership which will bring together DVS’s market infrastructure solution for digital guarantees and MonetaGo’s expertise in financial infrastructure solutions and fraud prevention.

In an effort to reduce Africa’s reliance on imported refined fuel from outside the continent, the African Export-Import Bank (Afreximbank) has launched a $3 billion revolving trade finance programme to support intra-African and Caribbean oil transactions.

Project Meridian FX, a collaborative initiative led by the Bank for International Settlements (BIS) Innovation Hub alongside several European central banks, has demonstrated the potential for greater interoperability between wholesale payment infrastructures in foreign exchange (FX) transactions.