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Investors: how will you leverage the expected growth of the trade finance market?

By Christoph Gugelmann A new study by Technavio came out at the end of May, stating that the global trade finance market would grow at a compound annual growth rate of 3.75% between 2018 and 2022. The prediction is based on market analysis with inputs from industry experts including key financiers like BNP Paribas, Citigroup and […]

Can tighter oversight rein in risks in Singapore’s booming invoice finance market?

The industry’s unregulated nature renders investors vulnerable as revealed by a massive S$6.9m fraud case. Investors are treading more cautiously after an unravelling $6.9m sham at a Singapore crowdfunding site laid bare the vulnerabilities and risks associated with an industry promising quick returns to growth-hungry SMEs. The move comes as a local news report revealed […]

GTR Ventures announces debut investments in five trade FinTechs

Our press release is available in multiple languages (pdf): Mandarin | Japanese | French | English London/Singapore Mar 12, 2018:  GTR Ventures, the world’s first investment and venture-building platform specialized in trade and supply chain, has announced its debut deals with five trade FinTech companies – Tradeteq, Trade Finance Market, Culum Capital, eFundSME and Incomlend. […]

CMA CGM making S’pore its Asian digital activity hub

By Jacqueline Woo 29 November 2017 – French container shipping giant CMA CGM continues to put down roots in Singapore, where it is establishing a hub for its digital activity in Asia. A recent step has been to name a new chief digital officer for Asia based here. The role involves seeking opportunities in relation […]

Trafigura launches inventory-backed bonds from Singapore

By Andrea Soh 21 Nov 2017 – TRAFIGURA, one of the largest independent oil traders in the world, has launched bonds for a structured financing programme backed by a portfolio of commodities – the first of its kind in the commodity financing landscape. Some US$470 million in notes, offered by a special purpose vehicle incorporated […]

Thailand: SCG’s VC arm makes first startup investment in logistics player GIZTIX

By Nguyen Thi Bich Ngoc 3 Nov 2017 – AddVentures, the corporate venture arm of Thailand’s Siam Cement Group (SCG), has led a Series A investment into logistics startup GIZTIX. GIZTIX is backed by 500 TukTuks and KK Fund who invested in the startup’s funding round last year. The series A round saw participation from other VC […]

How to turn blockchain fintech hype into reality

By Steven Beck, Head of Trade Finance 20 October 2017 – I was wrong to think that financial technology (fintech) would automatically reduce financing gaps. Blockchain, as well as other applications for fintech, has the potential to solve lots of problems. But we’re not there, yet. Despite the billions of dollars invested, all the proof […]

Sneaky tricks of the invoice fraudster to look out for

By Lara Edwards August 15, 2017 – An invoice lands on your desk. Let’s say it’s for some printer cartridges. It’s a bit strange because it isn’t from the local printer company you usually work with, but you don’t really give it a thought. Perhaps the cartridges needed to be sourced elsewhere for some reason […]

CMA CGM to create a global startup incubator in Marseilles

16 Oct 2017 – Digitization in the freight transport industry is inevitable, and investment in technology savvy startups is a gateway for formerly traditional transporters. The world’s third-largest shipping line has recently shown it is willing to partner with digital natives offering innovative solutions. The company was one of the four major shipping lines to […]

Orbians Experience with Non bank Investors in Supply Chain Finance Structures

19 September – Noted bank robber Willie Sutton explained why he robbed banks. Willie replied, “I rob banks because that’s where the money is.”  Once true for supply chain finance as well, as a credit class, that clean, simple view is going through changes. Orbian’s Non bank sources of capital double in size form 2010 to 2017 New […]

Power2SME raises USD 10 mn from International Finance Corporation (IFC)

5 Sept – International Finance Corporation (IFC), a member of the World Bank Group on Tuesday has invested USD 10 million as equity in Power2SME, an e-commerce platform that helps small and medium companies to buy raw materials at bulk prices and get working capital without collateral. In addition to the investment, IFC will also […]

$1.5 Trillion Trade Finance Gap Persists Despite Fintech Breakthroughs

SINGAPORE (5 September 2017) — Businesses of all sizes continue to struggle to access sufficient credit, resulting in a global trade finance gap of $1.5 trillion in 2016, according to an Asian Development Bank (ADB) Brief released today. Developing Asia’s share of the trade finance gap was 40% of the global total. In its fifth […]

IE Singapore’s Industry Transformation Map for Wholesale Trade focuses on digital platforms and skill development

The Wholesale Trade Industry Transformation Map (ITM[1]) was unveiled today by Mr. S. Iswaran, Minister for Trade and Industry (Industry) at International Enterprise (IE) Singapore’s event, “Digitalisation of Trade – New Mindsets, New Skillsets”. The ITM will help companies digitalise to enhance global growth and productivity, and targets to create 10,000 new jobs by 2020. Comprising […]

Press Release: Trade just got smarter – GTR investment platform is world’s first dedicated to fintechs for trade (#tradetechs)

Singapore, September 5th, 2017 – The world’s leading trade finance-focused media and events firm Global Trade Review (GTR) has launched its investment arm, GTR Ventures (GTRV), during its annual GTR Asia Trade & Treasury Week in Singapore ─ the world’s largest gathering of global trade finance decision makers. GTR Ventures is the world’s first investment […]

Supply chain incubator aims for S$50m in new ventures in 18 months

SINGAPORE — The Supply Chain and Logistics Innovation Playground, a start-up incubator for logistics solutions, was launched yesterday by Dr Koh Poh Koon, Senior Minister of State (Ministry of Trade and Industry and Ministry of National Development). The incubator at Supply Chain City is already home to 27 partners specialising in supply chain and logistics […]

MAS Streamlines Framework for Banks Carrying On Permissible Non-financial Businesses

27 June 2017 – The Monetary Authority of Singapore (MAS) announced today that it will streamline the regulatory requirements for banks seeking to conduct or invest in permissible non-financial businesses. In a speech at the 44th Annual Dinner of The Association of Banks in Singapore, Mr Heng Swee Keat, Minister for Finance, said that these will […]

Euler Hermes Digital Agency Announces CRiskCo Partnership

Euler Hermes, the world’s leading trade credit insurer, today announced an innovative partnership with fintech credit risk analysis company, CRiskCo. With a focus on revolutionizing factoring, trade and supply chain finance, CRiskCo uses state-of-the art artificial intelligence (AI) credit analysis and fraud detection processes. Christophe Spoerry, Euler Hermes Digital Agency (EHDA) co-founder, said, ” EHDA […]

4 partnerships forged to give Belt & Road a boost

FOUR partnerships were launched at the Singapore Regional Business Forum on Tuesday to give the Belt and Road Initiative (BRI) a boost. The Singapore Business Federation (SBF) and Chinese Enterprises Association (CEA) inked a memorandum of understanding (MOU) to roll out an online and offline platform for regional businesses to connect and work on BRI […]

TradeIX launches blockchain-powered shared platform for trade finance

The trade industry’s newest fintech company, TradeIX, has developed the first trade finance-specific open-source blockchain platform. The platform, called TIX, is described by TradeIX CEO Robert Barnes (former founder and CEO of PrimeRevenue) as “infrastructure to connect different players in the trade ecosystem”. TIX is targeted at large corporates, banks, alternative financiers, business-to-business networks and […]

Hyperledger Fabric 1.0 moves trade finance blockchain towards production

Blockchain technology has moved one step closer to production phase in trade finance, with the launch of Hyperledger Fabric 1.0. Fabric 1.0 is Hyperledger’s first production-ready blockchain platform, and can be used by banks to bring the pilots and proof of concepts they’ve been trailing for months, to the operational stage. While other platforms, such […]

Bitcoin – an opportunity for African trade?

Bitcoin continues to be the subject of much debate and controversy, but for many African companies the choice is simple. For them, the cryptocurrency is not at all related to anonymous black market business – it’s about enabling them to flourish. Sanne Wass speaks with Elizabeth Rossiello of BitPesa to find out more. “It’s like […]

Atradius launches new credit management portal

Trade credit insurer Atradius has rolled out its new global credit management portal, giving businesses “an advanced way to complete credit insurance transactions”. Under the name Atradius Atrium, the portal enables its customers to constantly monitor and smoothly interact with their buyers and with the insurer. They will have instant access to information about buyers’ […]

UniCredit kicks off instant payment platform tests

UniCredit has started testing with EBA Clearing’s pan-European, real-time payment platform RT1. Customers in Italy and Germany will be the first to use the new payment method, due to be available from November. Around 39 financial institutions are working on the development of the new infrastructure, which will provide a real-time payment processing platform, 24 […]

Banks signal the decline of traditional trade finance

Banks around the world are expecting a sharp decline in the usage of traditional trade finance instruments over the coming year. The annual Rethinking Trade Finance report from the International Chamber of Commerce (ICC)’s Banking Commission references “the long-anticipated disappearance of the documentary letter of credit” and reports that 80% of those surveyed expect little or no […]

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