A Saudi investment firm has been awarded US$4.19mn after a Dubai court ruled Rasmala Investment Bank Limited (RIBL) made a “misrepresentation” about the suitability and financial health of its trade ...

The SBTi has released its first net-zero standard for financial institutions, calling for an end to financing fossil fuel expansion.

A group of trade finance veterans has launched ETR Digital, a technology company offering digital negotiable instruments (DNIs) to businesses and banks for trade.

JP Morgan says South African telecommunications provider MTN SA has become the first customer to use the bank’s digital bill of exchange product. The product, which uses Swedish digital trade fintech ...

The Chinese government has placed an exit ban on FCI chair and Wells Fargo banker Chenyue Mao after she travelled to the country on business. Mao was elected as FCI chair last month at the global ...

Metals and mining conglomerate Metinvest Group has closed a €23.6mn buyer credit facility with Deutsche Bank, backed by Finnvera.

HSBC has appointed Runa Baksi as head of Southeast Asia within its Global Trade Solutions (GTS) division, a newly created role. Baksi starts with immediate effect and will oversee the bank’s GTS ...

Trade finance platform Komgo has unveiled a significant upgrade to its system, bundling its solutions into a one-stop shop for corporates and banks, following months of development and millions of ...

MUFG has completed the first fully digital trade finance transaction from its Gift City branch in India, processing a US$15mn letter of credit for Tata International in a matter of hours on Xalts’ ...

IBM has partnered with one of Southeast Asia’s largest shipping firms to complete a real-time pilot of its electronic bill of lading (eBL) add-on for the IBM Blockchain Platform. Pacific International ...

Blockchain-based, European trade finance platform we.trade is to conduct a proof of concept (PoC) with the nascent Hong Kong trade platform, e-Trade Connect. The PoC will determine whether it is ...