Trade finance

David Hennah Joins Intellect Global Transaction Banking

Retrieved on: 
Tuesday, June 18, 2019
Economy, International finance, Business, Articles, Bank payment obligation, International trade, B, Trade finance, Transaction banking, Payment, Hennah

LONDON, June 18, 2019 /PRNewswire/ -- Intellect Global Transaction Banking (iGTB) , the transaction banking and technology specialist from Intellect Design Arena Limited, the fastest growing Fintech product company with CAGR of more than 24% over the past four years, announced the appointment of prolific trade thought leader David Hennah, Chairman ICC working group, Member of the World Trade Board and formerly its Co-Chair as Head of Trade Finance and Supply Chain.

Key Points: 
  • LONDON, June 18, 2019 /PRNewswire/ -- Intellect Global Transaction Banking (iGTB) , the transaction banking and technology specialist from Intellect Design Arena Limited, the fastest growing Fintech product company with CAGR of more than 24% over the past four years, announced the appointment of prolific trade thought leader David Hennah, Chairman ICC working group, Member of the World Trade Board and formerly its Co-Chair as Head of Trade Finance and Supply Chain.
  • He has decades of experience in transaction banking and trade finance.
  • Manish Maakan, CEO, iGTBsaid, "David is a renowned name when it comes to Trade and Supply Chain Finance.
  • Hennah is most well-known for his work in bringing the ICC Bank Payment Obligation (BPO) to market as an established business practice.

David Hennah Joins Intellect Global Transaction Banking

Retrieved on: 
Tuesday, June 18, 2019
Economy, International finance, Business, Articles, Bank payment obligation, International trade, B, Trade finance, Transaction banking, Payment, Hennah

LONDON, June 18, 2019 /PRNewswire/ -- Intellect Global Transaction Banking (iGTB) , the transaction banking and technology specialist from Intellect Design Arena Limited, the fastest growing Fintech product company with CAGR of more than 24% over the past four years, announced the appointment of prolific trade thought leader David Hennah, Chairman ICC working group, Member of the World Trade Board and formerly its Co-Chair as Head of Trade Finance and Supply Chain.

Key Points: 
  • LONDON, June 18, 2019 /PRNewswire/ -- Intellect Global Transaction Banking (iGTB) , the transaction banking and technology specialist from Intellect Design Arena Limited, the fastest growing Fintech product company with CAGR of more than 24% over the past four years, announced the appointment of prolific trade thought leader David Hennah, Chairman ICC working group, Member of the World Trade Board and formerly its Co-Chair as Head of Trade Finance and Supply Chain.
  • He has decades of experience in transaction banking and trade finance.
  • Manish Maakan, CEO, iGTBsaid, "David is a renowned name when it comes to Trade and Supply Chain Finance.
  • Hennah is most well-known for his work in bringing the ICC Bank Payment Obligation (BPO) to market as an established business practice.

Stenn International Expands Capital Program for International Trade Finance with Facility from Natixis

Retrieved on: 
Wednesday, July 25, 2018
Economy, Finance, International finance, International trade, Financial services, Natixis, American International Group, Trade finance, Insurance

Stenn International Ltd. ("Stenn"), a provider of trade financing solutions across global markets, today announced the closing of a senior financing facility with Natixis S.A. ("Natixis").

Key Points: 
  • Stenn International Ltd. ("Stenn"), a provider of trade financing solutions across global markets, today announced the closing of a senior financing facility with Natixis S.A. ("Natixis").
  • The Natixis facility, which is supported by trade finance insurance from global insurer AIG, augments the $300 million platform launched by Stenn and Crayhill Capital Management LP ("Crayhill") in 2016.
  • Stenn has seen a rising demand for flexible short-term financing from both suppliers and buyers who are engaged in international trade.
  • Stenn International Ltd. is a UK-based, non-bank trade finance provider specialized in cross-border trade.

Tech to Bridge $1.5 Trillion Trade Finance Gap and Accelerate SME Growth Over Next Decade, Predicts DMCC in New Research

Retrieved on: 
Wednesday, May 16, 2018
Economy, Money, Finance, Cryptocurrencies, Bitcoin, Blockchain, Encodings, Financial technology, Trade finance, Fintech awards

The report states that 50% of SME funding applications are rejected by banks and that alternative trade finance, powered by FinTech and Blockchain, is on the rise.

Key Points: 
  • The report states that 50% of SME funding applications are rejected by banks and that alternative trade finance, powered by FinTech and Blockchain, is on the rise.
  • For example, the alternative finance market in the APAC region more than doubled between 2015 and 2016 to the total value of $245.2 billion.
  • "Trade and trade finance will be revolutionised by Blockchain and other emerging technologies.
  • "Global trade and trade finance are at the cusp of a digital revolution," said Gautam Sashittal, DMCC's Chief Executive Officer.

Infosys Finacle Pioneers Blockchain-based Trade Network in India in Consortium With Seven Leading Banks

Retrieved on: 
Wednesday, May 16, 2018
Economy, Finacle, Infosys, Business, Technology, Cryptocurrencies, Blockchain, Trade finance, Transparency

The network is being used by the banks to run a successful pilot of Finacle Trade Connect , a Blockchain technology-based solution developed specifically to address the trade finance process requirements of banks.

Key Points: 
  • The network is being used by the banks to run a successful pilot of Finacle Trade Connect , a Blockchain technology-based solution developed specifically to address the trade finance process requirements of banks.
  • Finacle Trade Connect will enable increased automation and transparency, while helping efficiently manage risks in trade and supply chain financing operations.
  • We are delighted to partner with Infosys Finacle to successfully set up 'India Trade Connect' - a Blockchain-based trade network that will enable end-to-end digitised trade transactions across the country.
  • V.G.MathewManagingDirector&CEO, SouthIndianBank said, "We are glad to be an active member of the India Trade Connect comprising select banks and Infosys Finacle.

First pilot client transactions successfully executed on Batavia global trade finance platform

Retrieved on: 
Thursday, April 19, 2018
Cryptocurrencies, Economy, Bitcoin, Blockchains, Culture, Computing, Trade finance

Initial transactions included the trading of:

Key Points: 
  • Initial transactions included the trading of:
    These transactions mark an important step in establishing Batavia as an open ecosystem that is built on the IBM Blockchain Platform.
  • It has the potential to revolutionize the client experience by providing a digital and automated way of arranging, securing and financing international trade transactions.
  • These and many other Batavia features help to establish the trade finance platform as a solid foundation for a future trade finance ecosystem.
  • "We are proud to have played a significant role in achieving this milestone successfully enabling international trade using Blockchain," saidJeffrey Shell, Managing Director and Head of Global Trade & Banking at BMO.