Search
Become a Member

Archive for the ‘Trade Finance’ Category

EU Mandates Digital Wallets and Streamlines Customer Due Diligence to Boost Trade Finance Efficiency

Europe, News, Trade Finance

February 20, 2026

The European Union is set to transform customer due diligence (CDD) and onboarding with new Anti-Money Laundering (AML) regulations that emphasize efficiency and digitalization. According to a February 13 report from EY, the new framework moves towards a risk-based approach, significantly streamlining compliance for financial institutions. A key change involves reducing mandatory data collection for […]

From Pilot to Payment: Blockchain-Based Trade Finance Goes Live with Major Banks and Fintechs Adopting Tokenized Settlements

News, Singapore, Trade Finance

February 13, 2026

Global trade finance is undergoing a seismic shift from theoretical exploration to real-world application, as major financial institutions and fintech firms are now executing live transactions using blockchain technology, smart contracts, and stablecoins. This move promises to replace centuries-old, paper-based processes with automated, near-instant settlement, addressing long-standing industry bottlenecks. The adoption surge is underscored by […]

UK Launches Crypto Task Force as Sanctioned Nations Increasingly Turn to Stablecoins for Illicit Finance

News, Trade Finance, United Kingdom

February 5, 2026

The United Kingdom’s Office of Financial Sanctions Implementation (OFSI) is escalating its fight against the use of digital currencies for sanctions evasion, creating a new partnership just as a United Nations report highlights the growing reliance of sanctioned states on stablecoins. According to a February 2, 2026 announcement reported by Mayer Brown, OFSI has partnered […]

UK and Switzerland Strengthen Financial Ties in Post-Brexit Accord

News, Switzerland, Trade Finance, United Kingdom

December 20, 2023

The United Kingdom and Switzerland are set to reinforce their financial ties with a post-Brexit agreement, aimed at deepening connections between the City of London and the Swiss banking system.   Chancellor Jeremy Hunt will sign the mutual recognition agreement during his visit to Berne, marking a significant step in bringing together Europe’s largest financial […]

Global Trade Finance Deficit Swells to Record $2.5 Trillion, Reveals Asian Development Bank Survey

News, Trade Finance

September 8, 2023

The gap in global trade finance has broadened to an unprecedented $2.5 trillion in 2022, a marked increase from $1.7 trillion in 2020. This development comes as a result of surging interest rates, uncertain economic outlooks, inflation, and geopolitical instability, which have inhibited banks’ capacity to facilitate trade financing, according to the 2023 Trade Finance […]

International Trade Council Reports on $2.5 Trillion Global Trade Finance Deficit

News, Trade Finance

September 8, 2023

According to a recent survey by the Asian Development Bank, the global trade finance deficit reached an unprecedented $2.5 trillion in 2022, increasing from $1.7 trillion in 2020. The surge in the deficit is attributed to various factors, including rising interest rates, economic uncertainty, inflation, and geopolitical volatility, all of which have constrained banks’ capacity […]

Surecomp named a Leader in IDC MarketScape on Trade Finance Systems

News, Trade Finance

July 5, 2023

Toronto, Canada, 4 July 2023 –  Surecomp ® today announced that it has been placed in the Leaders Category of the  IDC MarketScape: Worldwide Trade Finance Systems 2023 Vendor Assessment  (doc #US49436622, 28 June 2023).   The result of a rigorous and independent evaluation of eleven trade finance vendors, the IDC MarketScape states that “Surecomp […]

Page 1 of 1

Important Disclaimer: The International Trade Council is not affiliated in any way with the International Trade Centre. The International Trade Centre is a joint subsidiary organ of the United Nations (acting through UNCTAD) and the World Trade Organization. The International Trade Council is an independent peak-body chamber of commerce acting on behalf of its member businesses and governments. If you are looking for the International Trade Centre, please visit www.intracen.org.