Supply Chain Finance / Trade Finance / Trade Services
See below for a list of independently written IBS Journal news and feature articles and IBS Intelligence Research vendor profiles, case studies and market analysis related to Supply Chain Finance, Trade Finance and Trade Services in order of publication date.
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A significant, and historical, facet of banking is the financing of international trade, which is variously known as ‘trade finance’ or ‘trade services’, albeit with the latter often being used as a broader term encapsulating supply chain finance as a whole. The activity has its roots in early traders substituting the creditworthiness of banks, in place of themselves individually, to exchange trade documents for payment. For example, a buyer in one country would contact his bank to underwrite the financing of an import. The buyer’s bank would issue a ‘letter of credit’ referencing the seller’s bank and the conditions for payment. When those documented conditions had occurred (e.g. bill of lading issued when the export was free on board a ship, etc.) then the buyer’s bank would credit the seller’s bank using a correspondent banking arrangement.
The market for automated systems that process the trade finance transactions is served by specialised systems from vendors that concentrate on this market segment, of which there are around half a dozen international vendors. Generalist core banking systems vendors often have trade finance functionality within their broad core systems offerings.
Some large international banks offer specialist ‘white-labelled’ or outsourced trade finance operations that can help other banks offer specialised services without incurring the significant overhead of providing in-house expertise and services.
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07 May 2013
A round-up of recent orders in the financial technology sector worldwide. New deals for BML Istisharat, Intrasoft International, Fundtech and Vsoft Corporation.
29 April 2013
Libya-based Wahda Bank has launched its Islamic banking services range on Path Solutions' iMAL core system. More business in the country is to follow, says the vendor, as domestic banks are mandated to go fully Shari'ah-compliant by 2015.
17 April 2013
UAE-based Investbank, a long-standing user of Oracle FSS's Flexcube core platform, is expanding to Lebanon. For this greenfield operation, the bank has opted for the ICBS core offering from local vendor BML Istisharat.
04 April 2013
When ABN Amro set about rebuilding its presence around the globe in trade finance, it opted for separate solutions for front and back office and was happy to work with small companies. How have things worked out?
06 March 2013
The latest gossip from around the industry.
03 December 2012
United Arab Bank has implemented Misys' Equation core banking system to broaden its business, including opening an Islamic window. While hardly the newest system on the market, this IBM iSeries-based workhorse has a long track-record of serving...
14 November 2012
Bret Bolin, CEO of Misys, updates IBS on the progress of the merger of Turaz and Misys and the creation of the world's largest treasury and capital markets (TCM) and banking software vendor.
12 November 2012
SCF-PRO is a new supply chain finance system from Surecomp, set for launch early next year. Key modules include inventory and distributor financing, reverse factoring and APF. The Bank Payment Obligation (BPO) functionality, however, is still under...
06 November 2012
This section provides the results (summary tables) to the other systems respondents have (from the list below), any plans to change and what is behind those decisions:Financial Accounting - Retail Payments - Retail Lending - Retail...
01 November 2012
Kah Chye Tan is heading Barclays' efforts in trade finance, centred on internal IT investment and external involvement with industry initiatives. He also chairs the ICC Banking Commission. IBS caught up with him to talk about the challenges and...
01 October 2012
Swift has been working for some time to create a new payment instrument that promises to finally drive out much of the paper and inefficiencies around trade. With ratification by the ICC on the way, can the Bank Payment Obligation (BPO) live up to...
09 July 2012
Banco Internacional in Ecuador is live with the back office component of Surecomp's Java-based trade finance system, Alltra. The front-end module, Allnett, is to follow shortly.
04 July 2012
A round-up of recent orders in the financial technology sector worldwide. Temenos, Misys, Polaris and Sword Apak are among the vendors gaining new deals. National Bank of Egypt, Standard Bank, BTG Pactual and others acquire new software.
19 June 2012
Lebanon-based Bank of Beirut is modernising its technology at home and globally with Misys' Bankfusion Universal Banking, Trade Innovation, and Misys Sophis' Value and Risque solutions.
28 May 2012
SAB is one of the three major French core banking suppliers that operate in North Africa. Its chairman, Olivier Peccoux, tells IBS about the experience. Also in this article we ask how much headway can a French vendor make in North Africa? IBS...
02 May 2012
The latest gossip from around the industry.
Article: Free Webinar: How To Improve Negotiation and Contracting Techniques with Technology Vendors
23 April 2012
Our free webinar How To Improve Negotiation & Contracting Techniques with Technology Vendors took place on Wed 25th April 2012 (a recording of the webinar is available to view on our
04 April 2012
For British Arab Commercial Bank, dealing with the politically sensitive is its stock in trade. Technology plays a major part of its day-to-day activity.
28 October 2011
Eurofinance's 20th anniversary international cash and treasury management event did not want to dwell on the past but instead looked forward to what might be. Technology will be at the forefront of the treasury role. Probably.
05 October 2011
A round-up of recent orders in the financial technology sector worldwide. Temenos, MIT, Logica and others have gained new deals. HDFC Bank, Bank Papua and Natixis are among the financial institutions that have acquired new software.
22 September 2011
With over 400 financial institutions, the Canadian retail financial services industry is a worthwhile market for software suppliers. Which international vendors have managed to make inroads and what is their success rate?
20 September 2011
Chicago-based MB Financial Bank is extending its operations into trade finance. To do so, it has taken Surecomp's Alltra back office system and Allnett front-end. It is the first broad trade taker for the J2EE-based Alltra in North America.
13 September 2011
Swift and the ICC Banking Commission will officially announce their joint plans for the Bank Payment Obligation (BPO) instrument at Sibos. Vendor, bank and corporate partners are revealed.
12 September 2011
Natixis is the second taker of Trac after Banque Cantonale de Genève. It will implement the system in France and Asia, and then in the US.
09 September 2011
US-based subsidiary of Argentina's largest bank, Banco de la Nación Argentina (BNA), has embarked on a core system conversion project. Temenos' T24 US Model Bank and Sofgen's REG-Reporter will support four sites of BNA New York.
08 September 2011
A round-up of recent orders in the financial technology sector worldwide. Surecomp, Polaris, Fiserv, ICS and others have gained new deals. Unicredit, SocGen, Scotiabank and Ficombank are among the financial institutions that have acquired new...
19 August 2011
Bank of Montreal is bringing the acquired M&I Bank onto its trade services platform, plus a third outsource client. Meanwhile, it has a first client that wants support for the Bolero trade utility, and is keeping a watching brief on Swift's TSU.
12 August 2011
After an evaluation lasting more than two years, Scotiabank has started to move to the hosted Trade360 platform of CGI for its global trade finance operations.
14 July 2011
Unicredit will roll out Surecomp's Imex back-office trade finance system across multiple locations, starting with Italy and Germany. The vendor beat China Systems and Misys to this deal.
06 July 2011
A round-up of recent orders in the financial technology sector worldwide. Polaris, 3i Infotech, Callataÿ & Wouters, Capital Banking Solutions, TCS and others have gained new deals. Housing Bank for Trade Finance, Reserve Bank of India, Unicredit ...
14 June 2011
Siam Commercial Bank, Thailand's oldest domestic bank, has selected Surecomp to replace its existing trade finance system.
04 May 2011
A round-up of recent orders in the financial technology sector worldwide. Sungard, Misys, Tieto and others have announced new deals. Bank of Ireland, Bank of China, FirstMerit Bank and Qatar Exchange are among the financial institutions that have...
28 April 2011
A start-up Islamic bank in the Maldives has launched with the iMAL core offering from Path Solutions. The bank is Path's first in the country.
15 April 2011
Temenos' T24 solution has passed a milestone with a first go-live in Colombia. This is for trade finance functionality at Bancoldex. Bancoldex is the first taker of T24 in the country.
05 April 2011
FirstMerit Bank has taken a combination of OpicsPlus and Trade Innovation, Misys' solutions for treasury and trade finance. It will use Misys' portal for the front-end.
04 April 2011
BCGE is the first bank to have gone live with the Trade Risk Active Control (Trac) system from a local vendor, MIT.
04 April 2011
A round-up of recent orders in the financial technology sector worldwide. Fundtech, S1, Surecomp, Twofour and others have announced new deals. HSBC, Banco de Chile, Russian Commercial Bank, Ecobank and Saudi Hollandi Bank are among the financial...
28 March 2011
After the excitement and growth of 2008, banking systems sales in the established financial centres of the Middle East seemingly floated into the doldrums in 2009. Did 2010 deliver much needed motive power to the industry?
23 March 2011
Banco Internacional Guatemala has gone live with Surecomp's front-end trade finance product, Allnett. Banco Internacional in Ecuador is currently implementing Surecomp's solutions, and Banco de Chile has just signed with the vendor.
02 February 2011
A round-up of recent orders in the financial technology sector worldwide. Oracle FSS, Surecomp, Vermeg, ERI and others have announced new deals. Cal Israel, DBS Bank, SocGen Corporate and Investment Bank, CIMB Group and Indian Bank are among the ...
21 December 2010
Singapore-based DBS Bank, the largest bank in South East Asia, is building a next-generation electronic banking platform for corporate customers, focusing on 'anytime, anywhere' access and broadening its cash management and trade finance product...
21 December 2010
Misys extends its portal offering to the treasury and capital markets (TCM) business, including Summit, Opics and LoanIQ; adds Personal Finance Portal (retail e-banking) to Bankfusion Universal Banking and Equation; goes live with the first...
13 December 2010
Mexico-based Banco Monex has signed for Surecomp's Java-based back office system for trade finance, Alltra. Alltra will support the bank's letters of credit (LCs) business. The project will be completed in six months.
09 December 2010
Société Générale's corporate and investment banking unit, CIB, is gradually replacing its current Windows-based IBSnet trade finance system with Java-based Alltra from Surecomp. The solution is being rolled out worldwide, as part of the bank's 'Am...
12 November 2010
The next annual release of the TCS Bancs core banking system will have a full factoring module. Two pilot projects are now under way. In the front-end space, TCS is taking on the likes of S1 with its new multi-channel offering.
08 November 2010
Pinnacle Solutions has opted to use Eastnets' Swift service bureau to underpin the vendor's Synergy banking and trade services system, which stems from the development done for Commerzbank.
Article: ABN Amro takes CBA and Surecomp systems to underpin re-entry onto the international trade finance market
29 October 2010
ABN Amro is to roll out the IBAS system from Norway-based CBA for trade finance around the globe, starting with Singapore and Hong Kong. Rival supplier, Surecomp, will provide the front-end for this with its Allnett system.
27 October 2010
US-based trade finance software vendor, Complex Systems Inc (CSI), is about to go live with the front-end of its flagship offering, Clienttrade, at BBVA's Latin American hub. Meanwhile, Portugal-based Caixa Geral de Depositos (CGD) is deploying...
21 October 2010
Surecomp has sold a licence for its Allnett front-end trade finance solution to ABN Amro. The deal, which was signed in early October, will see the Netherlands-based bank roll out Allnett for its domestic market first and then for its entities...
30 September 2010
The system will be used by its international branches in Bahrain, Jordan, Kuwait, Oman and the UK.
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