Optimising Export Finance efficiency with the addition of Credit Insurance

Fineon Exchange (Fineon), the go-to online marketplace platform for export finance, today announced the appointment of Aon Credit Solutions (Aon), the industry leader in credit insurance broking and credit management services, as credit insurance broker and advisor for its recently launched Export Finance Platform. The initiative also includes a strategic collaboration with Aon to offer enhanced automated delivery of credit solutions. Adding Aon’s credit insurance expertise to the Fineon Export Finance Platform

BNY Mellon and KeyBank expand their trade processing services relationship

BNY Mellon today announced a significant expansion of its existing trade finance processing services relationship with KeyBank by implementing an enhanced and updated model that will offer a more robust client experience for KeyBank’s trade finance clients, while aiming to increase the efficiency of service delivery. Under this expanded arrangement, and subject to the execution of an amended service agreement, BNY Mellon will take on certain direct client service functions

Trade Finance Advisors and Fineon Exchange form strategic partnership

Optimising cross-border trade finance in Italy and growing exports to emerging and developing markets Trade Finance Advisors (TFA), the leaders in Italian trade finance brokerage services, is pleased to announce the selection of the Fineon Exchange export finance marketplace platform, the go-to online marketplace platform for export finance, as its strategic partner. The trade finance industry, and the export finance sector, has long faced challenges around deal origination, workflow standardisation

Deutsche Bank Whitepaper: Supply chain stability and sustainability

Deutsche Bank has released a comprehensive new publication, “Payables finance: A guide to working capital optimisation, 2nd edition”, revising and updating the original paper released almost two years ago at the beginning of 2018. The paper continues the ongoing work of defining and codifying the payables finance industry as it evolves, shifting priorities and practices in the process. Headline updates include an examination of how businesses are looking to payables

Exporting is easy – when you have a plan

Export competition encourages UK SMEs to plan ahead, whatever happens with Brexit. This autumn Brexit will again dominate the minds of businesses and traders, but the UK’s SMEs should continue to plan ahead and look to export as a way of mitigating risk and increasing global sales. The government’s ‘Export Strategy’ aims to grow exports as a percentage of GDP from 30% to 35% and encouraging SMEs to look at

UK exporters need to understand changes in Incoterms 2020 or Risk Disruption

The UK’s exporters will have a lot of learning to do in the months to come. Not only will businesses need to stay abreast of the potential impacts of Brexit, but they will also need to get to grips with the International Chamber of Commerce’s (ICC) new set of international commercial terms – widely known by the trademark of “Incoterms®”. According to the ICC website, these terms form the world’s

Ask the expert with Carlos Carriedo, Senior Vice President American Express and IRU Secretary General Umberto de Pretto

Carlos Carriedo, Senior Vice President American Express Global Commercial Services Europe talks to ITM about exporting despite Brexit future. Over recent years we’ve become accustomed to headlines reporting and forecasting the impact of ongoing political uncertainty on British businesses. In the absence of clarity around how Brexit will affect UK businesses’ productivity, performance and trade relationships, it is natural that business leaders will take a more cautious approach to spending

Overseas employees losing out on earnings due to poor FX management

Having a remote workforce is now commonplace thanks to technological advancements and modern work practices. Yet those who work overseas for a period as contractors or employees are facing losses in earnings due to poor foreign exchange (FX) management. A leading FX firm is calling on businesses and individual employees themselves to do more to curb such losses and subsequently overcome what is currently an insufficient overseas salary payment process.

ICC report reveals much work remains to be done to promote the fair regulatory treatment of trade finance

The International Chamber of Commerce (ICC) Banking Commission has today released a whitepaper urging the trade finance industry to work together to ensure that regulation does not hinder the availability of trade finance and remains relevant in a digital landscape. The milestone report, titled Banking regulation and the campaign to mitigate the unintended consequences for trade finance, takes a close look at the regulation and compliance requirements that have come

UK business leaders remain committed to International Trade despite continued uncertainty

Research from American Express and Institutional Investor has found that despite ongoing current uncertainty around the UK’s trading relationships, UK CFOs remain committed to international trade and view it as integral to realising their growth ambitions. This year’s Global Business and Spending Outlook surveyed 100 senior finance executives in the UK, more than half of whom represent companies that report revenues of $1billion or more. The research revealed that 78%