Page 17 - Personal Data Held News Today

Blockchain firm R3 has appointed Alisa DiCaprio as chief economist, a newly created role for the company. DiCaprio joined R3 in 2017 as head of research, before becoming head of trade finance. Prior to this, she was a senior economist at the Asian Development Bank, where she ran a number of large-scale digitisation projects in ...

Law firm Rajah & Tann has promoted Nathanael Lin to equity partner, after he re-joined the Singapore-headquartered firm in 2020 from the shipping sector. Lin became a partner, along with 12 other lawyers, on January 1 and is based in Singapore. His practice focuses on contentious and non-contentious matters in shipping and international trade. Lin’s main ...

The International Islamic Trade Finance Corporation (ITFC) has signed a US$15mn facility with Uzbekistan’s Invest Finance Bank (InFinBank) to provide trade finance facilities to its private sector clients. The agreement is designed to support “the import and pre-export financing needs” of the Uzbek lender’s clients, including small and medium enterprises, and boost its sharia-compliant trade ...

HSBC has appointed Syed Imtiaz Hussain as regional head of product and propositions, global trade and receivables finance (GTRF), for the Middle East, North Africa and Turkey (Menat). Hussain has been with the bank since 2015, and moves to Dubai from his previous London-based position of head of financial institutions and public sector for Europe ...

Singapore fintech Triterras has disclosed that its previous auditor, Nexia TS, raised doubts over whether its sales transactions or trade receivables were valid.  Triterras, which operates blockchain-based trade finance platform Kratos, says in a filing with the US Securities and Exchange Commission (SEC) that Nexia “had a disagreement with the company on the auditing scope ...

French banking giant Crédit Agricole has lost an attempt to claw back US$23.6mn it lost as part of a fraud perpetrated by collapsed Singapore commodities trader ZenRock. In a judgement handed down in the Singapore International Commercial Court last week, Judge Jeremy Cooke denied the lender’s attempt to force Japanese energy trader PPT Energy to ...

Soaring oil prices are not necessarily good news for large commodity trading houses hoping to replicate last year’s record profits, experts believe.  The international Brent crude benchmark rose above US$88 a barrel this week, its highest level in more than seven years, prompting suggestions it could top US$100 in the coming weeks.  The price surge ...

A planned European Union law requiring large and businesses and financial institutions to conduct human rights and environmental due diligence should also apply to export credit agencies (ECAs), activists say. The European Commission is currently working on a legislative proposal for mandatory due diligence which will require firms to assess the human rights and environmental ...

HSBC has appointed Patricia Gomes as regional head of commercial banking for the Middle East, North Africa and Turkey (Menat). Based in Dubai, Gomes takes over the role from Daniel Howlett, who is currently working with her during the transition process. She joins the Menat business from North America, where she was most recently regional ...

The number of suppliers taking early payment after invoice approval has doubled over the past five years, according to fresh research from supply chain finance (SCF) provider Taulia.  The San Francisco-headquartered fintech says in a paper published this week that 38% of suppliers surveyed currently make monthly use of early payment programmes, up from 19% ...