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Standard Chartered has conducted pilot tests leveraging Ripple’s blockchain infrastructure, exploring alternatives to legacy systems such as SWIFT in a bid to modernise cross-border transaction flows.
Singapore Court rejects US$19 million deceit claim over letter of credit in circular oil trade
Bunge Global SA (NYSE: BG) and Viterra Limited have successfully completed their merger, creating what industry experts are calling a premier global agribusiness solutions company. The transaction, initially announced on June 13, 2023, has finally closed after receiving all necessary regulatory approvals.
BBVA has announced a strategic partnership with Olea, a fintech platform focused on international trade finance, aimed at expanding its global supply chain finance (SCF) capabilities. The alliance enables BBVA to deliver more agile, tailored financing solutions to corporate clients.
Tradeweb Markets Inc. has introduced direct trading of US Treasury bills (T-bills) on ICD Portal.
UK export credit agency UK Export Finance (UKEF) has unveiled a £13 billion expansion of its Direct Lending Facility, reinforcing the agency’s role in delivering the government’s new Industrial Strategy and supporting British exports across priority sectors.
