Page 11 - Personal Data Held News Today

Banks across the world are reviewing all trade and commodities transactions involving Russia as the nation’s economy becomes a “massive moving target” in the crosshairs of sanctions enforcers in the US, Asia and Europe. Governments, including those of the US, UK, EU, Japan, Singapore, South Korea and Australia, have now imposed, or vowed to impose, ...

Trade data and analytics provider Coriolis Technologies has launched the first iteration of its Kosmos environmental, social and governance (ESG) scoring tool in partnership with banks, insurers and professional bodies. Kosmos, described by Coriolis as a “for the industry by the industry” ESG monitoring and passporting instrument for global trade flows, is aimed at enabling ...

Mid-market supply chain finance (SCF) platform Finverity has appointed Ahanna Anaba to the newly created role of head of sales, digital solutions and partnerships. Anaba joins from Africa-focused investment deal origination platform Orbitt, where she was head of transactions. During her time at Orbitt, she led the transactions team and managed US$1.3bn-worth of investments transactions ...

Crédit Agricole has promoted Javier Sanchez-Asiain to the position of global head of global trade finance. Sanchez-Asiain made the move to Paris in January from London, where was head of the UK international trade and transaction banking team. He replaces Naeem Khan, who is moving to another position within the French lender. Sanchez-Asiain, who has ...

Australian trade finance platform Marketlend says it intends to file further lawsuits against trade credit insurer the Bond & Credit Company (BCC) and its parent, Tokio Marine, for what it says is failure to honour claims filed after a spate of insolvencies in the Asian commodities trading sector. Marketlend last year asked Australia’s Federal Court ...

Evolution Credit Partners, an alternative credit manager, has launched a trade credit protection (TCP) programme to protect sellers and their related account receivables against non-payment or bankruptcy of buyers. Evolution, which launched in April 2018 after spinning out from Harvard Management Company, has approximately US$2.5bn in assets under management as of December 2021 and invests ...

In recent years fraudsters have managed to swindle banks in the commodities financing sector through double financing, selling commodities of subpar quality or which simply don’t exist. In this Industry Perspective, Sean Birrell, chief technology officer of Veridapt, and David Thambiratnam, its chief executive officer, explain why technology that monitors physical commodities in real time ...

Supply chain logjams and macroeconomic headwinds look set to put the brakes on global merchandise trade’s post-Covid comeback, the latest industry data show. According to a new report from the United Nations Conference on Trade and Development (UNCTAD), the overall value of global trade reached a historic high of US$28.5tn last year, an increase of ...

Sinochem, China’s fourth-largest state-controlled oil company, has carried out the country’s first digital warehouse receipt pledge for crude oil, using 66 Cloud Chain, its blockchain-based supply chain infrastructure. The transaction saw Qingdao Taihe Jiabai Energy, a subsidiary of Shandong Jingbo Petrochemical, receive Rmb40mn (US$6.3mn) in financing from Shandong Port Finance Holding by pledging digital warehouse ...

Surecomp, a provider of trade finance systems to banks and corporates, has partnered with Swedish fintech Enigio to add digital original documents into its cloud-based solution. The tie-up embeds Enigio’s  trace:original digital trade finance documentation product into the Surecomp system, enabling Surecomp customers to create, manage and exchange digital trade documents such as letters of ...