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Russia’s invasion of Ukraine is expected to contribute to a slowdown in global economic growth, push up the cost of trade and exacerbate liquidity shortages in the commodities markets, researchers warn. Sanctions imposed on Russia by governments in the EU, UK and US are expected to decelerate economic growth, particularly in Europe, according to research ...
Electronic bill of lading (eBL) providers Bolero and TradeLens have entered into a collaboration to connect their respective networks of banks, corporates and supply chain participants. Under the new partnership, the TradeLens eBL– which has thus far largely been targeted towards the shipping industry – will be integrated into Bolero’s Galileo platform, which uses APIs ...
Finastra has appointed Jenny Alexandrou to the newly created role of lead product manager for trade and supply chain finance. Based in London, Alexandrou reports to Anastasia McAlpine, Finastra’s head of product for trade and supply chain finance. Alexandrou joins Finastra after 20 years at software company Temenos. In the new role, Alexandrou says she ...
London-headquartered payments company 3S Money has launched a trade finance fund providing multi-currency loan facilities for SMEs struggling to access support from international banks. The fund is managed by 3S Capital Partners, a wholly owned subsidiary based in the Netherlands and aims to lend at least £100mn over the next three years to smaller and ...
Hong Kong-based blockchain consortium Global Shipping Business Network (GSBN) has announced it is looking to deploy its Cargo Release solution across Europe, having kickstarted an initial pilot in the Netherlands. GSBN began trialling the blockchain-enabled application in the port of Rotterdam this month, following the product’s initial rollout across China and other Southeast Asian countries ...