Trade Finance
iFAST Introduces TreasuryNow to Broaden Access to US Treasuries in Hong Kong
Fintech solutions provider iFAST Corporation has introduced TreasuryNow, a service aimed at improving the US Treasuries trading experience for investors in Hong Kong. Building on the success of their 2016 platform Bond Express, this platform is said to provide investors
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Hong Kong Fintech FundPark Secures US$500 Million Funding Facility from Goldman Sachs
FundPark, a fintech startup focusing on trade finance for small and medium enterprises (SMEs), has obtained a US$500 million (HK$3.9 billion) funding facility from Goldman Sachs. This marks the second funding initiative between FundPark and the investment bank, doubling the
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PBOC’s Fintech Institute Taps Contour’s Blockchain Platform for Trade Digitisation
Singapore based digital trade finance network Contour has partnered with the Shenzhen Fintech Institute, a subsidiary of The People’s Bank of China (PBOC) to look at opportunities to boost China’s trade ecosystem and further the adoption of trade digitisation across
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BBVA Signs Deal To Join Ant Group’s Blockchain-Based Trading Platform Trusple
BBVA has signed an agreement to integrate its cross-border payment and financing services on Trusple, a blockchain-based trading platform powered by Alibaba’s affiliate Ant Group, for greater transparency and security. Trusple aims to accelerate the digital transformation and facilitate the
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MUFG Bank Ropes in Velotrade to Automate Its Trade Invoice Processing
Velotrade, a digital trade finance marketplace, announced that its trade finance platform has been selected by MUFG Bank to manage its internal invoice processing requirements. The new system automates the processing of thousands of trade invoices every month by MUFG’s
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Breaking Down Marketplace Borders
Anders la Cour, co-founder and Chief Executive Officer of Banking Circle explains how Banking Circle Marketplaces empowers global trade by helping PSPs that support marketplace merchants to access fast, affordable cross border payments. When a new business launches, payments are
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