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)
Angola’s finance ministry and Standard Chartered have closed a €1.29bn deal backed by Germany’s export credit agency (ECA) to finance the construction of photovoltaic electricity distribution infrastructure. The transaction, which is the latest of several the bank has led for the Southern African country, will support an electrification project that is being developed by the ...| Global Trade Review (GTR)
A group of development banks have pledged to expand the availability of supply chain finance (SCF) in emerging markets, and are calling on financial institutions to do more to support further growth. A communique issued by the World Trade Organization (WTO) and signed by six multilateral development banks says SCF is “essential for enabling emerging ...| Global Trade Review (GTR)
Speaking to GTR at AGTF’s workspace in London, Anne-Marie Woolley discusses how banks’ views on Africa have changed throughout her career.| Global Trade Review (GTR)