Trade Finance Talks

U-shaped recovery - ICISA’s Richard Wulff on trade credit insurance and its bounce back from the pandemic

Like many products within trade finance, trade credit insurance has endured serious volatility during the last 12-18 months, thanks to the COVID-19 pandemic.
But while some products have struggled to bounce back - as evidenced by the growing trade finance gap - trade credit insurance has ultimately emerged from the pandemic stronger than before. 
And perhaps one of the best witnesses to that recovery is Richard Wulff, executive director of the International Credit Insurance & Surety Association (ICISA). 
Full transcript here: https://www.tradefinanceglobal.com/posts/podcast-s1-e75-u-shaped-recovery-icisas-richard-wulff-on-trade-credit-insurance-its-bounce-back-from-the-pandemic/(opens in a new tab)

Getting SaaS into surety and credit insurance - Tinubu’s co-founder talks insurtech

As the trade finance industry shifts towards more digitalised ways of doing business, new niches are opening up within the market.
 
One such niche can be found in digitalised trade credit insurance and surety markets, of which one of the largest players is Tinubu Square.
 
Tinubu Square considers itself the leading B2B software-as-a-service (SaaS) provider for trade-related speciality insurance, namely credit insurance with short-term, medium-term, and political risk, bonds and surety, working with 60 insurers, 218 brokers and over 1000 obligees based around the world.
 
Full transcript here:  https://www.tradefinanceglobal.com/posts/podcast-s1-ep74-getting-saas-into-surety-and-credit-insurance-tinubus-co-founder-talks-insurtech/

Pole Star, CarbonChain partnership delivers single-service sustainability, compliance solution

On the eve of COP26 - the biggest climate summit of the year - the world is more focused than ever on reducing carbon emissions, and on the role that individual companies can play in tackling climate change.
Starting this Sunday, COP26 will be the first UN climate conference since the publication of its landmark Intergovernmental Panel on Climate Change (IPCC) report in August this year.
Full transcript here: https://www.tradefinanceglobal.com/posts/podcast-s1-ep73-pole-star-carbonchain-partnership-delivers-single-service-sustainability-compliance-solution/

Sibos special: BAFT’s Tod Burwell, on the last century of trade and transaction banking

We have just finished the marathon, that is SIBOS Virtual, a festival of trade, treasury and payments. So what better way to celebrate, than to be joined by the CEO of the Banks Association for Financing Trade (or BAFT), Tod Burwell.
Full transcript here: https://www.tradefinanceglobal.com/posts/podcast-s1-ep72-sibos-special-bafts-tod-burwell-on-last-century-of-trade-transaction-banking/

The evolution of SWIFT

Today we’re talking about messaging. I’m sure we all have messaged before, humans might use whatsapp or messenger. Computers might use application programming interfaces, or APIs. Dogs bark at each other, dolphins message through using soundwaves. But what about banks? How do banks message one another?
Often banks need to talk to each other, confirming beneficiaries, recipients, payment amounts, and details of goods and services of their clients and transactions. SWIFT is the  financial industry’s neutral and trusted infrastructure provider, and is still moving towards the creation of frictionless instant payments in an ever-changing and complex environment. Today, we’re talking about the evolution of SWIFT. 
How has SWIFT changed, what challenges have they faced and how will they continue reinventing themselves in the highly competitive global payments market? 
To help me answer these questions, I’m delighted to be joined by Marcus Hughes, Head of Strategic Business Development at Bottomline. 
Full transcript here: https://www.tradefinanceglobal.com/posts/podcast-s1-ep71-evolution-of-swift/

Italy perspective - The future of open banking: automatic IBAN, PSD2 and APIs

The current banking landscape is going through a makeover. PSD2 and open banking has it’s advantages, but there are also many opportunities to continue to level the playing field, share risks and revisit the rules.
The Pandemic has driven the acceleration of open banking, from automatic IBAN and Identifier checking, to increased partnerships via APIs. 
Today, discussing, the importance of open banking ecosystems and the need for global digital transformation, I’m joined by Industry expert Liliana Fratini Passi, Managing Director at CBI and Vice Chair of UN/CEFACT.
Read the full transcript here: https://www.tradefinanceglobal.com/posts/podcast-s1-ep70-italy-perspective-future-of-open-banking-automatic-iban-psd2-apis/

Digitising trade: the time is now

World trade is central to economic growth and as we emerge from the pandemic, trade is paramount in enabling the global economy to recover. 
We’ve discussed trade digitisation and its many facets for some time now, but the pandemic has now rendered this critical, potentially a tipping point for scalable progress in digitisation.
But it’s not easy. Digitising a complex ecosystem involving myriad actors, rules and regulations, sprawled across both physical and financial supply chains in multiple countries and industries is a challenge. 
Today, discussing, legal harmonisation, Richer data and standards and interoperability, I’m joined by Industry leader and one of TFG’s Women in Trade, Louise Taylor Digby, Head of Trade Strategy at SWIFT.Full transcript: https://www.tradefinanceglobal.com/posts/podcast-s1-ep69-digitising-trade-the-time-is-now/

The freight crisis: HGV driver shortage, shipping blockages and the digital future of freight

Global supply chains have been and continue to be deeply impacted by the changes that have taken place in the last 12 months. From the Suez canal debacle which showed just how interconnected global supply chains truly are, to the current shortage of HGV drivers in the UK which poses a serious threat to supply lines to schools and hospitals, it is fair to say that the industry is, currently, facing significant challenges. 
Is the industry at a breaking point? And what can we learn from these challenges? To help me explore these questions I have Sam Greenhalgh, UK Sales Director at Zencargo!
Full transcript: https://www.tradefinanceglobal.com/posts/podcast-s1-ep68-freight-crisis-hgv-driver-shortage-shipping-blockages-and-the-digital-future-of-freight/

WOA Insights: Receivables rebounding and the role of open account finance post COVID-19

Open account business - buy now, pay later - drives economic activity worldwide. And during times of volatility, uncertainty and of course, the pandemic, the need for solutions when it comes to receivables finance has never been more pronounced. With more market participants, the rise of non-bank lenders, a drive towards digitalising the open account ecosystem, there’s a lot going on. 
So today, I’m joined by the two co-founders of WOA, Erik Timmermans and John Brehcist.
Full transcript: https://www.tradefinanceglobal.com/posts/podcast-s1-e67-woa-insights-receivables-rebounding-role-open-account-finance-post-covid-19/

Chief Economist insights: are iron ore prices propping up global trade?

Today we’re talking about some of the changes in trade in goods volumes, over the past 12 months. A lot has changed. We’ve had a commodity supercycle, with prices surging despite low volumes and amidst the pandemic, trade tensions continue all around the world. 
World trade of goods has declined some 12% in the last year, representing a loss of $22 trillion USD of trade. Is it all doom and gloom for trade, or will we see a resurgence? Data also lies at the heart of this problem, with siloed or even duplicated trade data flows. Today I’m catching up with Trade Data Monitor’s Chief Economic Analyst, John Miller.
Full transcript: https://www.tradefinanceglobal.com/posts/podcast-s1-e66-chief-economist-insights-are-iron-ore-prices-propping-up-global-trade/