Giving Treasury a Fighting Chance
By Alex Wong Head of Product Management for Corporates, Global Payments Services, Bank of America Alexis Holland Senior Product Marketing Manager, OpenText Ben Poole Editorial Team, Treasury Management International (TMI) Jennifer Wan Head of UK Sales for Global Payment Solutions, EMEA, Bank of America Parvathy Ramachandran Co-Head Workflow Solutions EMEA, Deutsche Bank Pedram Tadayon CEO, […]
Innovation might close trade finance gap
COVID-19 has shown to the world the true colors of centralizing manufacturing in one country, China. As the economy stopped during the first lockdown, corporates started considering the idea of distributing their manufacturing needs across the globe, mostly towards new emerging markets. That is, however, easier said than done. According to an article published by […]
How COVID-19 is changing trade finance needs
Economic statistics for growth (or should we say contraction) look like something from another era: Eurozone -5,5%[i], advanced economies -6,1%[ii]. World merchandise trade volumes are expected to decrease between -13% and -32%, depending on the scenario laid out by the WTO[iii]. The importance of trade finance front office digitization It’s the kind of events that […]
Banks in Singapore to be more risk averse
After the collapse of oil trader Hin Leong and financial trouble at several other Singapore traders it was expected that banks in Singapore would tighten commodity financing practices. As reported by Reuters earlier in July, Commodity Trade Financiers are striving to improve lending practices and transparency to avoid funding transactions where the underlying goods are double counted, or do […]
Optimistic Economic Recovery in Southeast Asia
Despite challenging economic conditions, many Southeast Asian countries are looking ahead with optimism and planning actively for recovery. While dire news about Southeast Asian economies has dominated newsfeeds in recent months, many analysts remain confident about the regional outlook. As global production lines resume operations, multiple sources predict that countries across the region will rebound […]
The Asia banking decade
Over the past decade, a significant power shift has reshaped global banking – moving strength from West to East. Asia once looked to Western institutions as the benchmark for product and service innovation. Today, the numbers tell a different story. A recent research publication from McKinsey’s Future of Asia captures just how dramatically the balance […]
Will COVID 19 pandemic result in structural changes in trade?
The world economic crisis resulting from the pandemic has affected almost all countries in the world. The recovery is now expected in most regions, thanks to a catch up effect, expectations of a vaccine and very supportive fiscal policies.The crisis will nevertheless have lasting effects. It will bring or accelerate structural changes and will impact […]
Call to close Trade Finance gap in Africa
Lower commodity prices and scarcer demand have been pushing some African countries into deeper recessions, especially those heavily depending on the export of metals and oil. According to GTR the risk of sovereign default has grown across countries in Africa because of currency risk and higher debt levels. In such a challenging environment, trade finance […]
Bridging the financing bottleneck in Asia
Digital solutions have proven their worth in the pandemic. Even before that, platform solutions provided a new infrastructure for trade finance. Beyond the aspect of efficient settlement, mediating supply and demand is also a significant application area. Bottleneck in trade finance After the decline in global trade and the resulting supply difficulties, building efficient supply chains is […]
Pedram Tadayon Joins Mitigram as Chief Executive Officer
Fintech veteran Pedram Tadayon takes the helm as Mitigram’s CEO, bringing 25+ years of experience to transform digital trade finance. His appointment accelerates Mitigram’s mission to digitize global trade transactions and expand financial connectivity worldwide.