PYMNTS-MonitorEdge-May-2024

Trade finance

Trade finance signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and financial institutions can facilitate these transactions by financing the trade.

Source: en.wikipedia.org

Lloyds and Cleareye Launch AI-Centric Trade Finance Partnership
Lloyds and Cleareye Launch AI-Centric Trade Finance Partnership
September 03, 2024  |  artificial intelligence

Lloyds Bank has launched a collaboration with artificial intelligence (AI) platform Cleareye.ai. The partnership, announced Tuesday (Sept. 3) and said to be the first of...

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Citi and IFC Partner on Sustainable Supply Chain Finance Program
Citi and IFC Partner on Sustainable Supply Chain Finance Program
August 06, 2024  |  Supply Chain

Citi and International Finance Corp. (IFC), a global development institution that is a member of the World Bank Group, have partnered on a $2 billion...

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Finastra and CredAble Partner on Supply Chain Finance for Banks
Finastra and CredAble Partner on Supply Chain Finance for Banks
July 23, 2024  |  Partnerships

Finastra and CredAble have partnered to enable banks to offer their corporate clients supply chain finance solutions. In this collaboration, CredAble’s supply chain finance platform...

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Traydstream and 360tf Partner to Digitize Global Trade Finance
Traydstream and 360tf Partner to Digitize Global Trade Finance
June 13, 2024  |  Partnerships

Traydstream and 360tf partnered to digitize, innovate and expand global trade finance solutions. The collaboration aims to make trade finance “efficient and seamless” by bridging...

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Home Depot’s SRS Deal Boosts B2B and Trade Finance Strategy Across Digital Channels
Home Depot’s SRS Deal Boosts B2B and Trade Finance Strategy Across Digital Channels
March 28, 2024  |  B2B Payments

Home Depot’s acquisition of SRS is the latest evidence that the home improvement giant is laying the foundation — pun intended — for a many-sided,...

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Marco Raises $12 Million to Support LatAm Trade Finance
Marco Raises $12 Million to Support LatAm Trade Finance
March 19, 2024  |  Investments

Miami-based trade finance platform Marco has raised $12 million in a Series A round. The funding will help support the company’s mission of helping small and medium-sized...

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Are Blockchain-Based Smart Contracts a Smart Option for Global Financing?
Are Blockchain-Based Smart Contracts a Smart Option for Global Financing?
February 28, 2024  |  Blockchain

Proponents of blockchain’s underlying technical capabilities are determined to shake off its cryptocurrency-centric associations. In large part by finding historical opportunity areas within the traditional...

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Xalts Acquires Contour to Accelerate Digitization in Supply Chain Finance
Xalts Acquires Contour to Accelerate Digitization in Supply Chain Finance
February 23, 2024  |  Acquisitions

FinTech platform Xalts has acquired Contour Network from a consortium of global banks. The move is aimed at accelerating digitization in trade and supply chain...

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Coinsilium to Advise LC Lite on Launch of Token
Coinsilium to Advise LC Lite on Launch of Token
February 23, 2024  |  Partnerships

Web3 advisor, venture builder and investor Coinsilium Group teamed up with global trade exchange platform LC Lite. The partnership will see Coinsilium providing strategic advisory...

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