A growing number of banks surveyed by FIS plan to increase spending on technology next year, as efforts accelerate to upgrade trade finance platforms and incorporate artificial intelligence. Financial technology giant FIS says just over half of 200 banks quizzed expect their technology budget to increase over the next year, with improving operational efficiency and ...| Global Trade Review (GTR)
Trade and commodity finance lawyer Ellis Lawson has joined global law firm Dentons as partner. Lawson moves to the firm from Sullivan & Worcester LLP, where he was a banking and finance partner in London since July 2023. Dentons says Lawson regularly acts for banks, private credit lenders, borrowers and development finance institutions. ...| Global Trade Review (GTR)
Rakbank has partnered with Turkish fintech platform Faturalab to improve transparency and efficiency across its supply chain finance offering in the UAE. Istanbul-headquartered Faturalab, founded in 2016 as an invoice finance platform, is a provider of digitalised supply chain finance products to several Turkish corporates. The partnership marks its “first strategic tie-up outside of Türkiye”, ...| Global Trade Review (GTR)
Trade finance revenue reported by banks remained steady last year despite pockets of growth in some regions, as the industry looks set for a turbulent 2025 defined by the fallout from US President Donald Trump’s aggressive trade policies. Banks in European and Asian financial hubs largely reported stable revenue or slight dips in earnings, ...| Global Trade Review (GTR)
MonetaGo has announced it will work with banking technology giant Oracle Financial Services to introduce fraud prevention tools across its trade and supply chain finance offering. MonetaGo’s fraud registry system assesses whether trade documents may have been falsified or tampered with, or whether a company has attempted to obtain finance more than once for a ...| Global Trade Review (GTR)
An edict from Pakistani authorities mandating banks to develop digital supply chain finance (SCF) capabilities by early December is only the first step toward widespread adoption of the financing practice, the founder of one of the country’s few home-grown platforms says. The State Bank of Pakistan on June 10 directed the nation’s banks to “develop ...| Global Trade Review (GTR)