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Sberbank Bank’s Swiss Division Joins Blockchain Trade Finance Platform

A subsidiary of Sberbank, has entered a commodity trade finance network focused on blockchains. Sberbank Switzerland AG has formed a strategic partnership with Komgo – a Swiss digital trade finance network, aiming to integrate blockchain trade finance service into their operating system. The key objective of this agreement is to develop digitization of trade finance,… Read More

China Everbright Bank Partners with Ant Financial for Supply Chain Finance

China Everbright Bank or CEB is a large commercial bank in China and a popular public company. The firm has launched a blockchain which aimed at becoming a supply chain finance solution as a part of a collaboration with Ant Financial. Ant Financial is one of the financial arms of Chinese e-commerce giant, Alibaba. Ant… Read More

HSBC: Blockchian Will Ensure Continuity of Trade Finance amid Global Coronavirus Outbreak

Megabanks HSBC, BNP Paribas, and Citi are among eight major banks which developed a blockchain trade finance platform. The Contour platform will be launched in Singapore later this year. It has already completed a successful trial that involved over $30 million USD in letter-of-credit transactions last year. Letter-of-credit (LOC) transactions are a payment mechanism widely… Read More

BNY Mellon Joins Blockchain Based Trade Finance Network Marco Polo

American banking and financial services firm, the Bank of New York Mellon (BNY Mellon), has joined Blockchain based trade finance network Marco Polo. This is according to an announcement that was released by the Blockchain software firm on the 25th of November 2019. The announcement went on to further claim that the BNY Mellon will… Read More

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