Citi is signing on to Contour’s blockchain-driven trade finance network, Contour announced in a press release on Sunday (Feb. 16). The bank joins numerous banking giants on the Singapore-based network (including HSBC, Standard Chartered and Bangkok Bank), and made an investment in Contour through Citi Ventures....
In this era of digital commerce and payments, it can be easy to forget that many small and medium-sized business often fall through the cracks. That holds especially true when it comes to letters of credit – an old, perhaps even outdated device that is...
HSBC has completed its first trade finance transaction on blockchain technology — and claims it’s the first to do so in the market, due to its single-system solution. Reports in Reuters on Monday (May 14) said HSBC collaborated with ING to complete a transaction for...
Top financial institutions around the globe are going in on blockchain in a big way, with massive investments in R&D and beyond. Larger corporations are exploring distributed ledger, too. Now, seven major banks in Europe are looking to pull SMEs into the blockchain exploration. Reports...
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 clients’ ability to conduct global business, the companies said in a Wednesday (Sept. 20) press release. With a strong network across the world’s most dynamic […]
