TFG Weekly Trade Briefing, 25th September 2023

Your Monday morning coffee briefing from TFG:

Cash is king, and helping suppliers may be in buyers’ best interest

In an era of elevated interest rates and inflation, each passing day with cash tied up in sales or production could exert additional pressure on suppliers’ balance sheets and prompt them to maximise the cash portion of their working capital. Read more →

Lloyds Bank completes first digital trade transaction under new UK legislation

Lloyds Bank has completed what it believes to be the first transaction under the UK’s new Electronic Trade Documents Act (ETDA) which came into force on 20 September 2023. Read more →

Is regional interoperability important for open banking?

Interoperability in open banking and open finance has many different facets and can mean many different things. Read more →

The dark side of trade digitalisation: data inequality and the global economic divide

As our world becomes increasingly digital, the digital divide has widespread implications, and the least developed countries (LDCs) are most likely to be negatively affected. Read more →

Standard Chartered launches sustainable trade loan for financial institutions

渣打银行 launched a sustainable trade loan offering for financial institutions on 18 September 2023. The new offering supports the Bank’s financial institution clients globally by providing liquidity to support the underlying trade flows associated with sustainable development, in areas where it is most needed. Read more →

Lloyds Banking Group invests €3 million in Enigio to enhance the use of digital documentation in trade

Monday, Lloyds Banking Group announced that they have invested €3 million in Enigio to help expand their use of digital documentation in trade. Read more →

Finastra inks Microsoft agreement to enhance trade platform modernisation

Finastra announced a multi-year global agreement with 微软 focused on trade platform modernisation, building on the existing availability of Finastra Trade Innovation in the cloud.? Read more →

Surecomp’s RIVO? processes electronic Bill of Lading for Voith and MAN

Surecomp announced that its RIVO? solution is enabling unified electronic Bills of Lading (eBL) processing across various issuers, having successfully completed multiple ownership changes of a transaction between German corporates MAN Truck & Bus SE and Voith Group . Read more →