One if by land, two if by sea — headaches, that is. With the recent news that, after 22 years of partnership, UPS is replacing FedEx as the primary air cargo provider for the United States Postal Service (USPS), air transport is now top of...
One of the biggest challenges to account for in cross-border payments is, well, the accounting. It’s a silent but often deadly snarl that can tangle up business’ plans to tap into the potential of international expansion. That’s because cross-border payments, traveling across far-flung tax codes...
Across the typically staid area of trade finance, despite the importance of trade finance products and services to global trade growth and economic development, decades of paper-based processes, regulatory mismatches and monolithic financial infrastructures have historically stymied innovation. But we are almost at the second...
The World Bank isn’t banking on the world’s economy getting much better. At least in the near term. In its semiannual Global Economic Prospects report, the 189-member international financial institution warned that the 2020s are shaping up to be a “decade of wasted opportunity,” with...
February 06, 2024
One of the biggest challenges to account for in cross-border payments is, well, the accounting. It’s a silent but often deadly snarl that can tangle up business’ plans to tap into the potential of international expansion. That’s because cross-border payments, traveling across far-flung tax codes and compliance requirements in different countries, with any number of […]
February 04, 2020
Tech-enabled disruptors promise to upend the way things have always been done to help streamline industries that are paper-reliant, process-reliant and perhaps ripe for a shake-up. For some newer firms...
November 01, 2018
In B2B payments, the tipping point looms — away from checks and toward payments done electronically. At least, if the tipping point is not here yet, then we are tipping rapidly toward the...
September 13, 2018
It takes an average of 16 friction-filled, often paper-intensive days for a buyer to onboard a supplier. Mastercard and Microsoft have teamed to launch Mastercard Track, a digital platform to...
April 30, 2024
Swap has raised $9 million in a Series A round to launch its global eCommerce platform designed to facilitate cross-border shipments. The new Swap Global will enable the company to help direct-to-consumer (DTC) brands unlock new markets with delivered duty paid (DDP) shipping, automated tax remittance and express customs clearance, the company said in a Tuesday (April 30) […]
December 11, 2023
Swift has successfully tested a global trade interoperability solution in collaboration with BNY Mellon, Deutsche Bank and four electronic bills of lading (eBL) platforms. This solution has the potential to revolutionize the use...
September 25, 2023
Global trade has reportedly experienced a significant decline in recent months, with trade volumes falling at the fastest pace since the pandemic began. The slowdown in global trade can be...
September 20, 2023
International banking group Standard Chartered Americas has announced a trade finance partnership with financial services company Truist Bank. This strategic collaboration aims to strengthen trade finance capabilities in emerging markets and enhance Truist...
