Page 25 - Data Controller News Today

Financial technology solutions provider MonetaGo has appointed Ian Milne to the newly created role of head of sales for the Asia Pacific region. Starting with immediate effect, Milne is tasked with driving the adoption of the company’s Secure Financing platform among trade financiers across the region. He will continue to be based in Singapore and ...

Trade between Israel and the United Arab Emirates (UAE) topped US$1.1bn during the first full year that the countries have enjoyed diplomatic relations, according to Israeli statistics, but its trade with Bahrain and Morocco remains modest. Israel imported US$771.5mn-worth of goods from the UAE in 2021, a massive jump from the US$114.9mn recorded in 2020, ...

Covid-19 containment measures in Shanghai are causing increasing disruption to supply chains, with shipping and logistics firms warning of diverted cargoes, container congestion and blank sailings.  China’s largest city has experienced by far its largest outbreak of confirmed cases since the start of the pandemic, prompting strict virus containment measures from authorities. A total lockdown ...

Toronto-based tech firm Surecomp is seeking to tackle attempts at double financing through the launch of an invoice comparison tool, which it hopes will broaden access to finance by minimising banks’ risk of exposure to fraud.  Surecomp announced this week that the solution has been introduced to more than 25 international banks since the first ...

Paperless trade solutions provider essDocs has been acquired by Intercontinental Exchange (ICE), an owner and operator of financial and commodity marketplaces and exchanges. The financial terms of the transaction were not disclosed. GTR understands that essDocs will continue as a standalone brand within ICE, with co-CEOs Alexander Goulandris and Marina Comninos remaining in their current ...

MUFG has promoted Belinda Han to the newly created role of head of transaction banking for Asia Pacific, exactly two years after she was hired from Standard Chartered. Han’s role became effective on April 12 and she reports to the Japanese lender’s global transaction banking chief, Rajana Clark. She will be responsible for strategy, sales, ...

As the US deliberates over the scope of new legislation cracking down on imports from Xinjiang, fresh research warns global aluminium supply chains could be exposed to the Chinese region. US-based consultancy Horizon Advisory’s analysis of open account data including government and corporate documents finds eight major Xinjiang-based aluminium producers – accounting for roughly 17% ...

The World Trade Organization (WTO) has cut its 2022 trade growth outlook, saying prospects for the global economy have “darkened” amid the Russian invasion of Ukraine. The international body says it now expects merchandise trade volume growth of 3.0% in 2022 – down from its previous forecast of 4.7% and well below the increase of ...

Efforts to recover lost funds following Greensill’s insolvency are being held up by a dispute over insurance cover, following accusations of fraudulent conduct and warnings that litigation could last years.  Insurance giant Tokio Marine reiterated accusations of fraud against Greensill this week, issuing a statement saying the collapsed finance company made “material misrepresentations and non-disclosures” ...

Blockchain platforms MineHub and TradeWaltz have connected their respective networks following a proof-of-concept transaction with trading company Sumitomo Corporation. Incorporated in 2020 by a consortium of Japanese corporations and supported by the Japanese government, TradeWaltz is an NTT Data-led cross-industry trade collaboration platform that digitises trade processes in the Asian country. On the platform, electronic ...