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Blockchain Application: Four Banks Go Live on we.trade Blockchain Platform

The we.trade blockchain platform is now live across 11 European countries, with four banks closing seven trade transactions.  The pilot transactions, which took place over the last five days, were carried out by 10 companies across five countries. The four banks involved were HSBC, KBC, Nordea and Rabobank. Powered by Hyperledger Fabric, we.trade is a solution for managing, tracking and ... Read More »

TINUBU SQUARE WINS EUROCLOUD AWARD 2018 “BEST VERTICAL SAAS SOLUTION”

Tinubu Square, a leading provider of trade credit, bonding & surety and receivables finance solutions, has been awarded the 2018 “Trophées du Cloud” by Eurocloud as “Best Vertical SaaS solution”.  The company has been rewarded for its ability to support the digital transformation of the credit insurance industry. During the 12th edition of the EuroCloud France “Trophées du Cloud” Awards ... Read More »

Blockchain: Food Chains Band Together to Monitor Food from ‘Farm to Fork’ 

Some of the biggest grocery operators in the world are getting together to set blockchain standards so that products in the food supply chain can be monitored from “farm to fork”. More than 1 million products across 50 food categories will eventually become part of the blockchain initiative.  Once these large companies adopt blockchain standards and requirements for how you will ... Read More »

APAC firms fear turnover losses due to protectionism

Atradius reports that the increase in US protectionist measures raises Asia Pacific exporters’ fears that turnover will decline. According to a recent Atradius survey, 52% of the suppliers surveyed in China are pessimistic about potential export turnover losses due to the introduction of trade barriers such as tariffs or targeted restrictions. The opinions of Chinese suppliers are shared by respondents ... Read More »

Creditsafe USA Offers Access to Financial Trade Payment Data

Addition of financial data radically improves credit decision making insight for eligible, contributing businesses of all sizes Creditsafe, the world’s leading provider of global business intelligence, has announced enhancements to its U.S. credit information product portfolio with access to financial trade payment data. This information provides significantly increased insight into the credit and financial performance of businesses across the nation. The payment ... Read More »

Cerved Q1 2018 Revenues Up 8.4%

In the first quarter of 2018 the Group’s revenues increased by 8.4%, reaching Euro 105.3 million compared to Euro 97.2 million in the first quarter 2017 (+7.1% on an organic basis). The Credit Information division grew by 1.4% thanks to the positive contribution of both business segments. The Corporate segment grew by 0.5% compared to the first quarter of 2017 ... Read More »

Dun & Bradstreet’s Dr. Anthony Scriffignano Named US Chief Data Officer of the Year 2018

Dr. Anthony Scriffignano, senior vice president and chief data scientist at Dun & Bradstreet, was recognized today as the US Chief Data Officer of the Year 2018 by the CDO Club, the world’s largest community of C-suite digital and data leaders. Dr. Scriffignano was presented with the award after his keynote, “Digital Disruption: Evolve Or Fade, The Choice Is Ours,” at the 6th annual NYC ... Read More »

India Trade Finance Sector Faces Fallout of ‘Astounding’ PNB Fraud

Weeks after the biggest fraud in the history of India’s financial industry was revealed, its trade finance sector is trying to come to terms with the fallout.  International banks are withholding guarantees for local bank instruments, the cost of funding is rising, while some are calling for the letter of undertaking (LOU) to be “extinguished”. All of this, after an ... Read More »

Australian Risk Climate: SMEs Riskiest after Four Years in Business

Equifax recently urged Small and Medium Enterprises to keep a closer eye on finances as they approach their four-year milestone Small and Medium Enterprises (SMEs) approaching their four-year anniversary[1] are entering the highest-risk period for business failure and should take extra steps to protect their business from financial stress, according to newly released data from Equifax, the global information solutions ... Read More »

KSV1870 Appoints Gerhard Wagner Managing Director of KSV1870 Information GmbH

Gerhard Wagner (55) was appointed Managing Director of KSV1870 Information GmbH on April 1, 2018. He succeeds Roland Führer, who continues his career as Head of Region North and Head of Location Linz. Wagner will henceforth be responsible for the strategic direction of the KSV1870 Corporate and Private Information business units and will lead the company through the digital transformation in coordination ... Read More »

Tinubu Square Launches Innovation Lab

Tinubu Square launches Innovation Lab, focusing on technologies & innovation for insurance and the trade finance industry Tinubu Square, the industry leader in trade credit, surety and trade finance solutions, is proud to announce the launch of its ‘Innovation LAB’, focusing on blockchain, advanced integration and deep analytics for insurance and banking industry applications. The Innovation LAB has been created ... Read More »

Dun & Bradstreet Eyes Blockchain, Machine Learning Projects

Jessica Davis, Senior Editor of Information Week has recently interviewed Salem Khan, D&B’s Global Leader of Data Innovation concerning Dun & Bradstreet’s move into Blockchain and machine learning.  Dun & Bradstreet has been providing information to subscribers and customers for 177 years. Now it is exploring Blockchain and machine learning to improve its offerings. You wouldn’t normally think of a ... Read More »

UK Bans Late-payers from Government Contracts

Late-payers to be banned from UK government contracts following Carillion collapse Outsourcing giants that fail to pay suppliers on time will be banned from major contracts under new plans announced by the government today in the wake of Carillion’s collapse. The Cabinet Office has announced a package of measures which also aim to “level the playing field” so small businesses ... Read More »

Blockchain Solution to Prevent Trade Finance Fraud Goes Live in India

A financing platform in India has launched a blockchain-based solution to help prevent fraudulent double financing of invoices.  The solution allows private companies to exchange information about invoices uploaded to their marketplaces, in order to ensure the invoices are not financed multiple times. There are three companies involved: RXIL, ATReDS, and MYND Solutions, each of which is licensed to work ... Read More »

Cybercime Against UK Business Is Up 63%

Despite an overall decrease in fraud and computer misuse in 2017, the latest UK Office for National Statistics (ONS) reports show that incidents involving computer misuse and malware against business are way up. There were 4.7 million incidents of fraud and computer misuse in the 12 months to September 2017, a 15% decrease from the previous year, according to the latest ... Read More »