Tag "trade finance"
FQX Leverages Blockchain & Electronic Signatures to Revamp Trade Finance & Money Markets
Switzerland’s fintech startup FQX seeks to revamp how companies around the world access finance by using blockchain and tokenization to make promissory notes transferable, cross-border and more cost-efficient. Promissory notes, are financial instruments that contain a written promise by one
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Swiss Fintechs Supporting Export
Trade finance is an industry that’s historically been inundated with paper trails and inefficiencies, and which still heavily relies on paper, phone calls, emails and fax machines. But with the emergence of new technologies and innovative business models, fintech companies
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Fintech Infographic of the Week: Blockchain for Trade Finance
Historically inundated with paper trails and inefficiencies, trade finance is a centuries old industry that’s ripe for disruption. One particular technology that’s been increasingly adopted by financial institutions and companies to improve processes, increase efficiency and reduce costs, is blockchain.
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Banks Ramp up Blockchain Trade Finance Race
Trade finance has become one of the key focus for blockchain technology use with the number of pilots and other trials dramatically increasing in 2017 and intensifying this year. Financial institutions such as HSBC, Standard Chartered, Societe Generale, Deutsche Bank,
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Fintech Logistic Startups Seek to Provide Greater Efficiency in Supply Chain
Supply chain and logistics tech companies are gaining momentum with over US$8.3 billion in venture capital having been injected into the sector since 2012. Supply chain and logistics tech companies are those that use software to improve efficiency across the
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Gatechain: Applying Blockchain To Trade Finance
Zurich-based Gatechain has developed a solution that leverages blockchain technology for trade finance. The solution reduces trading risks, processing time and costs, while guarantying better performance and improving cash flow. Trade finance is the financing of trade, and concerns both
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