The distributed ledger platform developed by the trio allows major steps in a crude oil transaction to be digitised on the blockchain.
With Q1 2017 quickly wrapping up, Trump and Brexit have dominated the currency markets for with all eyes firmly focused on sterling and the dollar.
The software and IT services giant will leverage the technology across its cloud-based application and business networks and is teaming up with London-based fintech Everledger.
In this interview with GTNews, Peter Crawley, Citi’s country officer for South Africa reports on the region’s challenges, opportunities and how fintech is proving a catalyst for change.
As more smaller businesses follow the multinationals and move outside of their home market, the problem of trapped working capital is increasingly common.
Today marks the closing day of the European Commission’s public consultation on the capital markets union (CMU) mid-term review.
China’s government expects trade with countries within the initiative to grow from the current figure of US$1 trillion to US$2.5 trillion within five years.
Regulation such as the upcoming new Payment Services Directive should be regarded by the sector as a business opportunity rather than a threat.
ING and Société Générale are both reported to be in discussions with commodities traders over LNG trading on a blockchain enabled with smart contracts.
The International Chamber of Commerce (ICC) Banking Commission’s head of policy highlights the appeal of trade finance to institutional investors and explains how to make trade finance more accessible.