Tencent Financial Technology plans to build a blockchain-based supply chain finance service platform, according to a report in China Daily.
PrimeRevenue is reaching out to banks and other financial institutions with the launch of what it says is a "comprehensive reseller program designed to enable global financial institutions to better compete for supply chain finance opportunities."
The Port of Rotterdam and Samsung have joined forces to launch a pilot aimed at replacing paper shipping and finance documentation with blockchain technology.
Intellect Global Transaction Banking and Bolero International have signed a collaboration agreement to develop new products in trade and supply chain finance for banking clients.
A South African pharmacy chain, a Swedish retailer and a U.S. manufacturer are among the shortlisted companies for the 2018 SCF Awards, sponsored by ING.
Christian Hausherr, European Product Head of Supply Chain Finance at Deutsche Bank, has taken over as chair of the Global Supply Chain Finance Forum (GSCFF).
Anglo-Gulf Trade Bank, which plans to launch in 2019, has become the latest financial institution to join the Marco Polo Network, the network of commercial banks in the trade finance market using the TradeIX platform and R3’s blockchain platform, Corda.
American Express has signaled its intention to take a larger slice of the supply chain finance market with the launch of Early Pay, a supply chain finance and dynamic discounting solution.
Sabine Oudart, relationship manager for the SCF risk distribution program at the Asian Development Bank in Singapore, has left to join BNP Paribas as director, supply chain finance.
Cost is the main barrier to the widespread adoption of more advanced supplier finance techniques, according to a study by The Supply Chain Finance Community.