Singapore banks pick MonetaGo to build trade finance registry
16 Jun 22

Singapore banks pick MonetaGo to build trade finance registry

Singapore banks pick MonetaGo to build trade finance registry Financial technology solutions provider MonetaGo has been selected by the Association of Banks in Singapore (ABS) to deliver the Trade Finance Registry (TFR), an interoperable industry utility that bridges information silos between banks to combat duplicate financing fraud. The TFR serves as a secure database for records of […]
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World food prices dipped in May for second consecutive month
09 Jun 22

World food prices dipped in May for second consecutive month

World food prices dipped in May for second consecutive month World food prices dipped in May for a second consecutive month after hitting a record high in March, although the cost of cereals and meat both rose, the United Nations’ food agency said on Friday. The Food and Agriculture Organization’s (FAO) food price index, which tracks […]
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Impact of armed conflict on global trade and environment
02 Jun 22

Impact of armed conflict on global trade and environment

Impact of armed conflict on global trade and environment Over the last ten years, nature dependent exports accounted for 40% of annual world trade ($7.4 trillion) – 36% of which stemmed from non-democratic regimes, as defined by the Economist Intelligence Unit’s Democracy Index.  For this sector of global trade, the conflict in Ukraine has brought the risks associated with […]
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AI and Machine Learning will support the evolution of trade finance experts in document examination
25 May 22

AI and Machine Learning will support the evolution of trade finance experts in document examination

AI and Machine Learning will support the evolution of trade finance experts in document examination For decades, trade document checkers at banks have mastered the crucial, time-consuming, and somewhat niche skill of manually reviewing complex documents to ensure they meet international standards.  These experts sift, scan, and scrutinise to find discrepancies among documents, including letters of […]
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Supply Chain crunches may ease by second half of 2022
15 Dec 21

Supply Chain crunches may ease by second half of 2022

Supply chain disruptions aren’t expected to ease until the second half of 2022 The supply chain bottlenecks that have become a fixture of global trade will persist well into next year, according to industry forecasts, but are likely to ease by the start of 2023. A sudden plunge in goods demand at the beginning of […]
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28 Nov 21

Enterprise Singapore organizes meet on Trade tech / finance

#EnterpriseSingapore organized a session on Trade / Fintech a day after the close of #GTRAsia recently among other areas with John W.H. Denton AO, secretary-general of the International Chamber of Commerce who was visiting Singapore. Our thanks to Enterprise Singapore and the ICC’s Digital Standards Initiative for organising and inviting us. Bhushan Rao #refinitiv #trade, […]
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Singapore and Abu Dhabi Pilot Digital Trade Financing System
24 Nov 21

Singapore and Abu Dhabi Pilot Digital Trade Financing System

Singapore and Abu Dhabi pilot digital trade financing system The world of trade has gained a glimpse of things to come after the completion of the first ever cross-border digital trade financing pilot between two Model Law on Electronic Transferable Records (MLETR)-compliant jurisdictions. The test transaction was carried out by Singapore’s Infocomm Media Development Authority […]
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