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  • Trade Ledger to Launch Beta Program for AI-Enabled Working Capital Solution

    Built on Trade Ledger’s data platform and deployed by Accenture, the beta program for Copilot provides banks with a generative artificial intelligence (AI) interface for embedded complex business finance, according to the release. The program is now open for banks interested in expanding their small and medium-sized business (SMB) lending portfolio.

    During the beta program, only a select number of banks will have early access to Copilot, the release said. Other Trade Ledger customers will have to wait until 2025 when the solution becomes generally available.

    The Trade Ledger data platform is already being used by banks like HSBC and Barclays in 15 countries, reducing the time it takes to process working capital finance applications, per the release. With Copilot, which is built on top of that platform, participating banks can offer their business customers a simplified way to understand and apply for working capital credit.

    Read More: https://ngulminthanglhanghal.mystrikingly.com/blog/trade-ledger-to-launch-beta-program-for-ai-enabled-working-capital-solution

    Trade Ledger to Launch Beta Program for AI-Enabled Working Capital Solution Built on Trade Ledger’s data platform and deployed by Accenture, the beta program for Copilot provides banks with a generative artificial intelligence (AI) interface for embedded complex business finance, according to the release. The program is now open for banks interested in expanding their small and medium-sized business (SMB) lending portfolio. During the beta program, only a select number of banks will have early access to Copilot, the release said. Other Trade Ledger customers will have to wait until 2025 when the solution becomes generally available. The Trade Ledger data platform is already being used by banks like HSBC and Barclays in 15 countries, reducing the time it takes to process working capital finance applications, per the release. With Copilot, which is built on top of that platform, participating banks can offer their business customers a simplified way to understand and apply for working capital credit. Read More: https://ngulminthanglhanghal.mystrikingly.com/blog/trade-ledger-to-launch-beta-program-for-ai-enabled-working-capital-solution
    NGULMINTHANGLHANGHAL.MYSTRIKINGLY.COM
    Trade Ledger to Launch Beta Program for AI-Enabled Working Capital Solution
    Trade Ledger pioneers AI-enabled working capital solutions, set to revolutionize financial landscapes through their upcoming beta program launch.
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  • Blue Yonder to Expand Supply Chain Solutions With Doddle Acquisition

    Blue Yonder, a supply chain solutions provider, has signed an agreement to acquire Doddle, a first- and last-mile technology business.

    The deal will allow Blue Yonder to expand its suite of supply chain management and commerce offerings, incorporating final mile, returns management and reverse logistics solutions, the company said in a Thursday (Oct. 12).

    “The proliferation of eCommerce — and, therefore, returns — has placed increased pressure on carriers, muddied the waters of inventory management and created frustrations for shoppers,” Blue Yonder CEO Duncan Angove said in the release. “Doddle’s capabilities unlock a differentiated, superior customer experience and will help us to further our mission to transform the supply chain.”

    With Doddle’s capabilities, Blue Yonder aims to provide retailers and logistics service providers with a simplified experience for their customers, as well as enhanced growth potential to strengthen their businesses and build more sustainable supply chains, according to the release.

    Read More: https://ngulminthanglhanghal.wordpress.com/2023/08/16/absa-cib-joins-contour-trade-finance-network/

    #TradeFinanceNetwork #NgulminthangLhanghal
    Blue Yonder to Expand Supply Chain Solutions With Doddle Acquisition Blue Yonder, a supply chain solutions provider, has signed an agreement to acquire Doddle, a first- and last-mile technology business. The deal will allow Blue Yonder to expand its suite of supply chain management and commerce offerings, incorporating final mile, returns management and reverse logistics solutions, the company said in a Thursday (Oct. 12). “The proliferation of eCommerce — and, therefore, returns — has placed increased pressure on carriers, muddied the waters of inventory management and created frustrations for shoppers,” Blue Yonder CEO Duncan Angove said in the release. “Doddle’s capabilities unlock a differentiated, superior customer experience and will help us to further our mission to transform the supply chain.” With Doddle’s capabilities, Blue Yonder aims to provide retailers and logistics service providers with a simplified experience for their customers, as well as enhanced growth potential to strengthen their businesses and build more sustainable supply chains, according to the release. Read More: https://ngulminthanglhanghal.wordpress.com/2023/08/16/absa-cib-joins-contour-trade-finance-network/ #TradeFinanceNetwork #NgulminthangLhanghal
    NGULMINTHANGLHANGHAL.MYSTRIKINGLY.COM
    Trade Ledger to Launch Beta Program for AI-Enabled Working Capital Solution
    Trade Ledger pioneers AI-enabled working capital solutions, set to revolutionize financial landscapes through their upcoming beta program launch.
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  • Absa CIB Joins Contour Trade Finance Network

    Absa CIB is positioning itself at the forefront of digital developments by being a part of Contour’s digital trade finance network. Many of Africa’s trade transactions are manual and paper-based, which slows down trade growth and creates another layer of complexity and costs.

    Absa CIB’s clients will now have access to Contour’s digital Letter of Credit (LC), which reduces the process of presenting documents from an average of 5-10 days to under 24 hours.

    Digital developments are a big part of addressing challenges and creating access to new markets. In Africa, digitisation is critical to the success of the African Continental Free Trade Area (AfCFTA), a flagship project that aims to boost intraAfrica trade by 52.3 percent and expand the size of the continent’s economy to US$29 trillion by 2050.

    Read more: https://ngulminthanglhanghal.wordpress.com/2023/08/16/absa-cib-joins-contour-trade-finance-network/

    #TradeFinanceNetwork #AfCFTA #LetterofCredit #CIB #Contour #NgulminthangLhanghal
    Absa CIB Joins Contour Trade Finance Network Absa CIB is positioning itself at the forefront of digital developments by being a part of Contour’s digital trade finance network. Many of Africa’s trade transactions are manual and paper-based, which slows down trade growth and creates another layer of complexity and costs. Absa CIB’s clients will now have access to Contour’s digital Letter of Credit (LC), which reduces the process of presenting documents from an average of 5-10 days to under 24 hours. Digital developments are a big part of addressing challenges and creating access to new markets. In Africa, digitisation is critical to the success of the African Continental Free Trade Area (AfCFTA), a flagship project that aims to boost intraAfrica trade by 52.3 percent and expand the size of the continent’s economy to US$29 trillion by 2050. Read more: https://ngulminthanglhanghal.wordpress.com/2023/08/16/absa-cib-joins-contour-trade-finance-network/ #TradeFinanceNetwork #AfCFTA #LetterofCredit #CIB #Contour #NgulminthangLhanghal
    NGULMINTHANGLHANGHAL.WORDPRESS.COM
    Absa CIB Joins Contour Trade Finance Network
    Contour, the leading digital trade finance network, announced that leading Pan-African bank, Absa Corporate and Investment Bank (CIB), is the first African bank to officially join its growing produ…
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  • Hsbc Continues Push Into E Commerce Trade Finance With Dowsure Tie Up

    HSBC has partnered with Dowsure Technologies, a China-based cross-border e-commerce API platform, to facilitate the flow of trade finance to online suppliers by leveraging transaction data instead of collateral or financial documents.

    Launched in 2016, Shenzhen-based Dowsure – an Amazon Seller Lending Programme partner – has built a proprietary assessment model for online marketplace store owners that uses information such as inventory, sales and refund records. By connecting this data to financial institutions, Dowsure enables cross-border merchants to access credit that they might otherwise struggle to obtain.

    Under the terms of the partnership, Dowsure will provide a streamlined credit assessment process for Amazon merchants seeking to apply for trade finance from HSBC. In addition, the bank’s venture capital arm, HSBC Ventures, has made a strategic investment into the company. The size of the investment was not disclosed.

    Read more: https://www.pressreleasepoint.com/hsbc-continues-push-e-commerce-trade-finance-dowsure-tie

    #china #dowsuretechnologies #ecommerce #hsbc #NgulminthangLhanghal
    Hsbc Continues Push Into E Commerce Trade Finance With Dowsure Tie Up HSBC has partnered with Dowsure Technologies, a China-based cross-border e-commerce API platform, to facilitate the flow of trade finance to online suppliers by leveraging transaction data instead of collateral or financial documents. Launched in 2016, Shenzhen-based Dowsure – an Amazon Seller Lending Programme partner – has built a proprietary assessment model for online marketplace store owners that uses information such as inventory, sales and refund records. By connecting this data to financial institutions, Dowsure enables cross-border merchants to access credit that they might otherwise struggle to obtain. Under the terms of the partnership, Dowsure will provide a streamlined credit assessment process for Amazon merchants seeking to apply for trade finance from HSBC. In addition, the bank’s venture capital arm, HSBC Ventures, has made a strategic investment into the company. The size of the investment was not disclosed. Read more: https://www.pressreleasepoint.com/hsbc-continues-push-e-commerce-trade-finance-dowsure-tie #china #dowsuretechnologies #ecommerce #hsbc #NgulminthangLhanghal
    Hsbc Continues Push Into E Commerce Trade Finance With Dowsure Tie Up | PressReleasePoint
    HSBC has partnered with Dowsure Technologies, a China-based cross-border e-commerce API platform, to facilitate the flow of trade finance to online suppliers by leveraging transaction data instead of collateral or financial documents.
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  • Eezyimport Partners With Drip Capital, Streamlines Access To Simplified Trade Financing

    Eezyimport, a leading global import management platform, has announced a partnership with Drip Capital, a global fintech company, to provide integrated, streamlined trade finance solutions for U.S. importers. This collaboration will enable small and medium-sized businesses (SMBs) to quickly access collateral-free trade financing online while simplifying import processes and reducing documentation.

    Eezyimport's innovative self-service platform provides a seamless experience for U.S. importers, helping them navigate the complexities of global trade. With its user-friendly interface, Eezyimport allows businesses to manage their import process, from initial order placement to shipment tracking, customs clearance, and now trade financing in collaboration with Drip Capital.

    Drip Capital provides working capital solutions to SMBs globally. In the US, the company offers payables financing, which gives buyers additional time to pay for all their purchases with minimal documentation and no collateral. The financing platform has developed a data-driven risk assessment model to underwrite transactions and disburse funds within 24 hours.

    The Eezyimport - Drip partnership will immensely benefit businesses seeking import management solutions and trade financing services.

    Read more: https://www.forpressrelease.com/forpressrelease/618849/4/eezyimport-partners-with-drip-capital-streamlines-access-to-simplified-trade-financing

    #Eezyimport #DripCapital #tradefinancing #importers #tradefinance #digitalsolutions #NgulminthangLhanghal
    Eezyimport Partners With Drip Capital, Streamlines Access To Simplified Trade Financing Eezyimport, a leading global import management platform, has announced a partnership with Drip Capital, a global fintech company, to provide integrated, streamlined trade finance solutions for U.S. importers. This collaboration will enable small and medium-sized businesses (SMBs) to quickly access collateral-free trade financing online while simplifying import processes and reducing documentation. Eezyimport's innovative self-service platform provides a seamless experience for U.S. importers, helping them navigate the complexities of global trade. With its user-friendly interface, Eezyimport allows businesses to manage their import process, from initial order placement to shipment tracking, customs clearance, and now trade financing in collaboration with Drip Capital. Drip Capital provides working capital solutions to SMBs globally. In the US, the company offers payables financing, which gives buyers additional time to pay for all their purchases with minimal documentation and no collateral. The financing platform has developed a data-driven risk assessment model to underwrite transactions and disburse funds within 24 hours. The Eezyimport - Drip partnership will immensely benefit businesses seeking import management solutions and trade financing services. Read more: https://www.forpressrelease.com/forpressrelease/618849/4/eezyimport-partners-with-drip-capital-streamlines-access-to-simplified-trade-financing #Eezyimport #DripCapital #tradefinancing #importers #tradefinance #digitalsolutions #NgulminthangLhanghal
    WWW.FORPRESSRELEASE.COM
    Eezyimport Partners With Drip Capital, Streamlines Access To Simplified Trade Financing
    Camden, DE, July 17, 2023: Eezyimport, a leading global import management platform, has announced a partnership with Drip Capital, a global fintech company, to provide integrated, streamlined trade finance solutions for U.S. importers. This collaboration will enable small and medium-sized businesses (SMBs) to quickly access collateral-free trade financing online while simplifying import processes and reducing documentation. Eezyimport's innovative self-service platform provides a seamless experience for U.S. importers, helping them navigate the complexities of global trade. With its user-friendly interface, Eezyimport allows businesses to manage their import process, from initial order placement to shipment tracking, customs clearance, and now trade financing in collaboration with Drip Capital. Drip Capital provides working capital solutions to SMBs globally. In the US, the company offers payables financing, which gives buyers additional time to pay for all their purchases with m
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  • DBS to set up base in GIFT City

    The Development Bank of Singapore (DBS), a Singaporean multinational banking and financial services corporation, has been given approval by the International Financial Services Centre Authority (IFSCA) to set up an international banking unit (IBU) at GIFT City. GIFT City officials believe more financial companies from Singapore will enter GIFT City after the arrival of SGX Nifty.

    DBS will offer financial services like trade finance, external credit borrowing (ECB), treasury operations and derivatives at its GIFT City IBU. According to sources, the IBU will make DBS bank's offering on foreign currency loans and trade finance business competitive.

    Read more: https://ngulminthanglhanghal.mystrikingly.com/blog/dbs-to-set-up-base-in-gift-city

    #DBS #financialservices #GIFT #tradefinance #InternationalFinancialServices #IFSCA
    DBS to set up base in GIFT City The Development Bank of Singapore (DBS), a Singaporean multinational banking and financial services corporation, has been given approval by the International Financial Services Centre Authority (IFSCA) to set up an international banking unit (IBU) at GIFT City. GIFT City officials believe more financial companies from Singapore will enter GIFT City after the arrival of SGX Nifty. DBS will offer financial services like trade finance, external credit borrowing (ECB), treasury operations and derivatives at its GIFT City IBU. According to sources, the IBU will make DBS bank's offering on foreign currency loans and trade finance business competitive. Read more: https://ngulminthanglhanghal.mystrikingly.com/blog/dbs-to-set-up-base-in-gift-city #DBS #financialservices #GIFT #tradefinance #InternationalFinancialServices #IFSCA
    NGULMINTHANGLHANGHAL.MYSTRIKINGLY.COM
    DBS to set up base in GIFT City
    The Development Bank of Singapore (DBS), a Singaporean multinational banking and financial services corporation, has been given approval by the Inter.
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  • Bank Btpn In Indonesia Streamlines Trade Finance Processing

    Surecomp, a leading provider of global trade finance solutions, has announced that PT. Bank BTPN Tbk (BTPN), one of the leading privately-owned banks in Indonesia and part of the SMBC Group, has gone live with its DOKA solution.

    This solution is aimed at streamlining BTPN’s back-office trade finance processing automation, replacing the bank’s previous trade finance application.

    According to a recent report by the International Chamber of Commerce, Asia is the world’s largest region for trade finance, with a total of $1.98 trillion in trade finance issued in 2020. Indonesia is one of the key players in this region, with trade finance playing a crucial role in the country’s economic growth.
    The DOKA solution, which is hosted in Jakarta, has been fully deployed and supported by Surecomp’s local teams in Asia.

    Read more: https://ngulminthang.weebly.com/news/bank-btpn-in-indonesia-streamlines-trade-finance-processing

    #Surecomp #BTPNBank #tradefinance #Indonesiastreamlines #DOKAsolution #SupplyChain #NgulminthangLhanghal
    Bank Btpn In Indonesia Streamlines Trade Finance Processing Surecomp, a leading provider of global trade finance solutions, has announced that PT. Bank BTPN Tbk (BTPN), one of the leading privately-owned banks in Indonesia and part of the SMBC Group, has gone live with its DOKA solution. This solution is aimed at streamlining BTPN’s back-office trade finance processing automation, replacing the bank’s previous trade finance application. According to a recent report by the International Chamber of Commerce, Asia is the world’s largest region for trade finance, with a total of $1.98 trillion in trade finance issued in 2020. Indonesia is one of the key players in this region, with trade finance playing a crucial role in the country’s economic growth. The DOKA solution, which is hosted in Jakarta, has been fully deployed and supported by Surecomp’s local teams in Asia. Read more: https://ngulminthang.weebly.com/news/bank-btpn-in-indonesia-streamlines-trade-finance-processing #Surecomp #BTPNBank #tradefinance #Indonesiastreamlines #DOKAsolution #SupplyChain #NgulminthangLhanghal
    NGULMINTHANG.WEEBLY.COM
    Bank Btpn In Indonesia Streamlines Trade Finance Processing
    Surecomp, a leading provider of global trade finance solutions, has announced that PT. Bank BTPN Tbk (BTPN), one of the leading privately-owned banks in Indonesia and part of the SMBC Group, has gone live with its DOKA solution.
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  • Democratising The Trade Finance Process Through Digitalisation

    The World Trade Organisation (WTO) estimates that 80–90% of world trade relies on trade finance. It is a mechanism that not only ensures security between importers and exporters but can also extend a line of credit to companies desperately needing cashflow to get their operations moving.
    Pandemic disruptions, political upheaval and currency fluctuations have made companies more nervous to trade internationally.

    “With every crisis, trust among the participants goes down and that’s when you reconsider the risk that is involved in open account transactions,” says Enno-Burghard Weitzel, senior vice president of Strategy, Digitalisation and Business Development at Surecomp.

    “The more insecure these financial flows to physical supply chains are, the more you want to secure them with a guarantee” from trusted financial intermediaries. Unfortunately, trade finance has not always been a straightforward solution due to an excessively manual process, and a lack of access to smaller corporates who might not have the know-how to get the best deals.

    Read more: https://ngulminthanglhanghal.wordpress.com/2023/05/22/democratising-the-trade-finance-process-through-digitalisation/

    #tradefinance #WorldTradeOrganisation #Digitalisation #Democratising #supplychains #Surecomp #NgulminthangLhanghal
    Democratising The Trade Finance Process Through Digitalisation The World Trade Organisation (WTO) estimates that 80–90% of world trade relies on trade finance. It is a mechanism that not only ensures security between importers and exporters but can also extend a line of credit to companies desperately needing cashflow to get their operations moving. Pandemic disruptions, political upheaval and currency fluctuations have made companies more nervous to trade internationally. “With every crisis, trust among the participants goes down and that’s when you reconsider the risk that is involved in open account transactions,” says Enno-Burghard Weitzel, senior vice president of Strategy, Digitalisation and Business Development at Surecomp. “The more insecure these financial flows to physical supply chains are, the more you want to secure them with a guarantee” from trusted financial intermediaries. Unfortunately, trade finance has not always been a straightforward solution due to an excessively manual process, and a lack of access to smaller corporates who might not have the know-how to get the best deals. Read more: https://ngulminthanglhanghal.wordpress.com/2023/05/22/democratising-the-trade-finance-process-through-digitalisation/ #tradefinance #WorldTradeOrganisation #Digitalisation #Democratising #supplychains #Surecomp #NgulminthangLhanghal
    NGULMINTHANGLHANGHAL.WORDPRESS.COM
    Democratising The Trade Finance Process Through Digitalisation
    Trade finance offers exceptional growth opportunities for businesses looking to trade internationally, but has sadly lagged behind other services due to its complicated nature and high barrier to e…
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  • South Korea restores Japan on trade 'white list'

    SEOUL: South Korea formally restored Japan to its list of countries it gives preferential treatment in trade on Monday, three years after the neighbors downgraded each other's trade status amid a diplomatic row fueled by historical grievances.

    In announcing the move through a government gazette, South Korea's Ministry of Trade, Industry and Energy also said Seoul will further restrict technology and industrial exports to Russia and its ally Belarus to support the US-led pressure campaign against Moscow over the war in Ukraine.

    After years of friction, Seoul and Tokyo are working to repair relations as they tighten their three-way security cooperation with Washington to counter the threat posed by North Korea. Pyongyang has used the distractions caused by the war to accelerate the testing of nuclear-capable missiles.

    South Korean officials expect Tokyo to restore Seoul as a favored trade partner too but expect that step to take more time based on the procedures to revise Japan's export regulations.

    Read more: https://ngulminthanglhanghal.wordpress.com/2023/04/25/south-korea-restores-japan-on-trade-white-list/

    #SouthKorea #AddsBackJapan #WhiteList #WorldTradeOrganization #trade #finance #banking #Ngulminthang #NgulminthangLhanghal
    South Korea restores Japan on trade 'white list' SEOUL: South Korea formally restored Japan to its list of countries it gives preferential treatment in trade on Monday, three years after the neighbors downgraded each other's trade status amid a diplomatic row fueled by historical grievances. In announcing the move through a government gazette, South Korea's Ministry of Trade, Industry and Energy also said Seoul will further restrict technology and industrial exports to Russia and its ally Belarus to support the US-led pressure campaign against Moscow over the war in Ukraine. After years of friction, Seoul and Tokyo are working to repair relations as they tighten their three-way security cooperation with Washington to counter the threat posed by North Korea. Pyongyang has used the distractions caused by the war to accelerate the testing of nuclear-capable missiles. South Korean officials expect Tokyo to restore Seoul as a favored trade partner too but expect that step to take more time based on the procedures to revise Japan's export regulations. Read more: https://ngulminthanglhanghal.wordpress.com/2023/04/25/south-korea-restores-japan-on-trade-white-list/ #SouthKorea #AddsBackJapan #WhiteList #WorldTradeOrganization #trade #finance #banking #Ngulminthang #NgulminthangLhanghal
    NGULMINTHANGLHANGHAL.WORDPRESS.COM
    South Korea restores Japan on trade ‘white list’
    SEOUL: South Korea formally restored Japan to its list of countries it gives preferential treatment in trade on Monday, three years after the neighbors downgraded each other’s trade status am…
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  • Rising Rates Are Reshaping Once-Lucrative Commodity Trades

    Higher interest rates are forcing commodity traders to rethink some deals and push up prices, in the latest example of how a period of rapid central-bank hiking is reshaping global business.

    The companies that buy, sell and transport the world’s natural resources are particularly vulnerable to rising rates, because they rely on banking lines to finance their trades – from shipping a cargo of wheat or oil to holding inventories of aluminium.

    As rates rise, the additional costs of a weeks-long journey or extended storage in a warehouse or tanker are making certain trades far less attractive. The financing cost can dictate whether deals are made or not, and some companies are seeking to pass on the expense to their customers, or getting out of some trades completely.

    Read more: https://prnewsdistribution.co.uk/rising-rates-are-reshaping-once-lucrative-commodity-trades

    #commoditytrade #aluminium #PierreGaltié #warehouse #DuncanHobbs #resourcesltd #NgulminthangLhanghal
    Rising Rates Are Reshaping Once-Lucrative Commodity Trades Higher interest rates are forcing commodity traders to rethink some deals and push up prices, in the latest example of how a period of rapid central-bank hiking is reshaping global business. The companies that buy, sell and transport the world’s natural resources are particularly vulnerable to rising rates, because they rely on banking lines to finance their trades – from shipping a cargo of wheat or oil to holding inventories of aluminium. As rates rise, the additional costs of a weeks-long journey or extended storage in a warehouse or tanker are making certain trades far less attractive. The financing cost can dictate whether deals are made or not, and some companies are seeking to pass on the expense to their customers, or getting out of some trades completely. Read more: https://prnewsdistribution.co.uk/rising-rates-are-reshaping-once-lucrative-commodity-trades #commoditytrade #aluminium #PierreGaltié #warehouse #DuncanHobbs #resourcesltd #NgulminthangLhanghal
    PRNEWSDISTRIBUTION.CO.UK
    Rising Rates Are Reshaping Once-Lucrative Commodity Trades
    As rates rise, the additional costs of a weeks-long journey or extended storage in a warehouse or tanker are making certain trades far less attractive.
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