Sentences with phrase «for trade finance»

Nine Malaysian banks have teamed up to develop blockchain applications for trade finance, according to the country's central bank.

The outlook for the trade finance business in 2014 is rosy,...

In Malaysia, nine banks, gathered together to develop a program Blockchain for trade Finance.

The outlook for trade finance in North America appears modestly positive.

«Global banks tend to look to the secondary market for their trade finance business, and local banks are key players in the primary market.»

More recently, the bank became a major stakeholder in the Digital Trade Chain (DTC) project, which aims to develop a platform for trade finance transactions.

Up until August 2, this period was 90 days, which gave traders ample time for trade financing, a common practice in the oil industry that involves oil traders as third parties that pre-pay a cargo to the seller, to keep liquidity gaps under control, Reuters authors Katya Golubkova and Gleb Gorodyankin explain.

GLOBAL WINNERS Best Bank for Trade Finance BNP Paribas Best Trade Finance Infrastructure Initiative CCRManager Best Bank for Commodity Finance Rabobank Best Trade Document Management BNY Mellon Best Trade Credit Insurance Provider Euler Hermes Best Bank for Export Finance...

«Many of the banks are weighing the thin margins for trade finance against the increasing capital requirements from Basel III,» Grant says.

Most recently, the HKMA partnered with Hong Kong's Standard Chartered Bank to oversee the deployment of a successful DLT Proof - of - Concept for trade finance.

World trade may be growing more slowly since the financial crisis, yet demand for trade finance is accelerating.

Aside from Ripple's blockchain to facilitate cross-border transfers, Yes Bank is also implementing several other unique blockchain solutions, like systems for trade finance and supply chain finance.

The three parties have entered into a Memorandum of Understanding (MOU) and will work together to explore a proof of concept (POC) using blockchain technologies and «to develop solutions that translate into fraud and error reduction, as well as cost savings» for trade finance solutions.

No separate blockchain is required for trade finance, payments or product traceability.

Respectively, these are: small trading circles, provenance for trade finance, bilateral contract notarization and the aggregation of AML / KYC data.

Bank of America and Microsoft have announced their intent to build and test blockchain applications for trade finance.

Nine Malaysian banks have joined forces to develop programmes Blockchain for trade Finance.

Market Analysis Trade Finance The outlook for trade finance in North America appears modestly positive.

Put another way, it is likely that financing gaps continue to exist — and could easily have increased in importance — for new and young businesses, for small and medium - sized enterprises, and for trade finance and infrastructure.

Brian Behlendorf, the executive director of blockchain consortium Hyperledger, says China will be a leading force in developing blockchain for trade finance.

In September, New York based Synechron launched its Blockchain Accelerator Program and their six first blockchain applications in the cloud (Accelerators) for trade finance, KYC utilities, payments, smart margins, mortgages, and insurance claims.

«In Malaysia, nine banks have done this by coming together to develop blockchain applications for trade finance.»