TFG Weekly Trade Briefing, 21st October 2024
New edition launched! A balancing act: Juggling conflicting priorities in trade and payments
We’re excited to have launched the 23rd issue of Trade Finance Talks magazine, coinciding with the 2024 Sibos conference in Beijing! Issue 23 bundles seemingly disparate topics, united, we think, by a fundamental question that everyone asks themselves all the time: What should I prioritise? Read more →
What is an MGA and how does it fit into international trade?
Managing General Agents (MGAs) have emerged as an important component in business, offering specialised expertise and flexibility. This new model of insurance providers helps to bridge the gap between insurers and the businesses they protect. Read more →
ICC DSI launches Digital Trade Assessment Tool for electronic records
The International Chamber of Commerce (ICC) has launched a new technical framework to evaluate the reliability of digital trade services. Read more →
New digital trade “China corridor” brings transaction time from Europe down to hours
A new digital channel for electronic trade documents launched by Enigio and TradeGo will make payments between Europe and China much safer and faster for exporters, importers, and banks. Read more →
Amazon turns to nuclear to power AI data centres
Amazon announced on Wednesday, 16 October it had signed three new agreements to support the development of nuclear energy projects to power its data centres in the US. Read more →
MANSA reports $3m transaction volume in first month
MANSA, a global decentralised finance (DeFi) platform providing liquidity to cross-border payment companies, has reported transaction volumes exceeding $3 million in its first month of operations. Read more →
UK trade looking up as Starmer holds summit, inflation falls
The International Investment Summit, held in London on Monday 14 October, saw Starmer pledge to industry leaders to remove regulation and red tape, to improve trade. Read more →
Lloyds and Mercore complete transactions with dBE
Lloyds Bank and Mercore, the fintech, have successfully executed a series of digital trade transactions, under the International Trade and Forfaiting Association’s (ITFA) Digital Negotiable Instrument (DNI) Initiative. Read more →