Ngulminthang Lhanghal - Financial Expert

 As per the latest reports on Sept 13, 2021, Standard Chartered has announced its first green trade finance facility in UAE with an agenda to encourage Amplus Energy Solutions, a subsidiary of Amplus Solar, in its solar generation business. Amplus Solar, a member of the PETRONAS Group, is a distributed energy organization that facilitates low-carbon energy solutions to industrial and commercial clients. This announced sustainable trade finance solution in the UAE by Standard Chartered will enable it to boost:  1. Sustainable goods by coordinating with clients and partners to provide funds for underlying goods that fulfill sustainability standards. 2. Sustainable suppliers by assisting trade for suppliers who fulfill adequate thresholds against ESG ratings or metrics. For example, gender equality, reliable sourcing criteria, and water use. 3. Sustainable end utilization by concentrating on trade financing in sustainable businesses including renewable energy, energy effectiveness, blue e

CUBE, a global RegTech company working to simplify compliance for the world’s financial institutions, has launched RegAssure, a groundbreaking product that provides automated regulatory intelligence to small and medium-sized financial institutions.  CUBE has developed RegAssure specifically to cater for agile, lean financial organisations and FinTechs looking for effective compliance without the set-up costs and lengthy implementations. RegAssure has been designed to provide instant access to meaningful, relevant regulatory information that enables those working in obedience to get the job done in a fraction of the time it normally takes.  RegAssure is designed to evolve with companies and is underpinned by a simple user interface, enabling growing financial institutions to quickly begin using and benefitting from new capabilities without the impediment of business or technical complications. The result is a highly flexible, instantly accessible regulatory alerting, inventory and analy

As per the latest reports on Aug 25th, 2021, the Australian-based FinTech company, and a global platform, Airwallex declared its launch in the US in a public statement. The company will work under the latest approved licenses in the United States, demonstrating its presence in the first North American nation.  This launch will further help the company in extending its international growth momentum as well as make US-based businesses leverage a full range of products to execute their cross-border payment needs in a quicker, transparent, and safe way. The company is well-versed in facilitating cross-border payments, also explained in the statement that it is establishing one of five engineering centers in San Francisco, where Airwallex already maintains an office consisting of around 30 employees. Talking about other engineering centers, they are in Melbourne; Shanghai, China; Sydney, Australia; and the Netherlands. The reported expansion in the US is a result of a partnership with Evolv

As per the latest reports released by the commerce ministry, India’s exported goods decreased to $7.1 billion in the second week of August from $7.4 billion in the previous week. While the export of engineering goods and shipment of gems and jewelry were the contributory factors, export recovery eased because of the drop in the export of petroleum products, iron ore, and leather items.  When it comes to imports, the goods increased to $10.8 billion from $10.5 billion, prompting an import/export imbalance of $3.7 billion during the week, as shown by data. Imports of gold, unrefined petroleum, and valuable stones increased during the week while, on the other hand, the import of silver and transport equipment decreased. As per July data, India’s exported goods were recorded $35.4 billion worth, led by sped up economic recovery in essential western markets, as shown by the reevaluated data from the commerce ministry. Import of goods had increased to $46.4 billion, the second-highest in his

 Summery  An uneven & slow Covid-19 vaccine rollout associated with an inability to develop a strategy for coping with the pandemic has brought Hong Kong government policy to the target of business and finance industries.  The Hong Kong Government strategy is experiencing a more straightforward reproval from businesses and other industries in the finance sector in the past two months than in two years of political and social disturbance.  A lethargic Covid-19 immunization rollout combined with the inability to establish an exit plan from the global pandemic has finally triggered criticism among regional bankers. The financial service sector of Hong Kong has witnessed a privileged status, registering its contribution of over a fifth of the region’s total GDP each year. Over 70 of the world’s 100 largest banks are operating in the Chinese city, and they have been so far protected from the outcomes of Beijing’s tightening grip over Hong Kong. But currently, the bankers are revolting.

  On June 16, 2021, the Blockchain trade finance network provider, Contour launched its first domestic network in Bangladesh to facilitate considerable access to trade finance to SMEs in the form of digital letters of credit (LCs). Contour is owned by eight shareholder banks consisting of Bangkok Bank, BNP Paribas, Citi, CTBC, HSBC, ING, SEB, and Standard Chartered to provide a worldwide network for trade finance over distributed ledger that enables parties to execute transactions and retrieve information electronically. The main offerings of the network provider, Contour, revolves around Letters of Credits for which the platform has efficiently managed to cut back the processing time by as much as 90% during testing, from a normal of 10 days to under 24 hours end-to-end. Since October, the members of the trade finance network providers have been attempting to scale up the network, with Vinay Mendonca, global head of product, propositions, and structuring, trade, and receivables finan

 While it cannot be predicted accurately what type of economic damage will be there from the second wave of global pandemic ie. Covid-19, there is a general opinion among economists & financial experts that it will have severe negative impacts on the global economy. The Covid-19 has already caused the shutdown of businesses, transport and made people quarantine, leading remote working by the private employees worldwide. Not only this, but it has also compelled countries to close their borders and made us witness a mass migration by the laborers in search of a living. Since the global pandemic has spread at a fast pace and is continually infecting millions, it is bringing economic activities to a closer standstill as nations are required to bound strict restrictions on movement to stop the further spread of the virus. There is no doubt that the global economy is at a huge threat of damage. Here, we have brought you the opinions and views of one of the popular financial experts, Mr.

After witnessing already an in-active and slow-moving trade in 2019, the worldwide businesses and governments were expecting a smooth and accelerated recovery in 2020. But all their high expectations and market optimism were crushed by the outbreak of the Covid-19 pandemic. The year has registered itself as the most historic period when the global pandemic Covid-19 hit the worldwide trade & economy. The international trade transactions among importers & exporters as well as the logistic industry experienced various significant changes amid the second wave of Covid-19. Not only the pandemic led to a noticeable change in the global demand, but it also accelerated the favorable shift towards digital transformation for worldwide businesses. It has been a couple of months into 2021, various businessmen have already started using a plethora of digital tools to ensure their survival amid Covid-19. They are also transforming the way of trading. For example, several small owners have se

As per the latest reports on Aug. 30, 2021, the UK-based multinational banking firm Standard Chartered (StanChart) has introduced its blockchain trade finance through a joint venture with Linklogis, a Chinese supply chain finance technology provider. Known as Olea, the fully digitized platform is focused on fulfilling the requirements of institutional investors who are looking for opportunities in an alternative asset class with organizations in need of supply chain finance, as per the reports. Headquartered in Singapore, the blockchain trade finance platform Olea will be operated by Amelia Ng (SC Ventures, the innovation, fintech, and ventures unit of Standard Chartered) as CEO and Letitia Chau (Vice-Chairperson and Chief Risk Officer of Linklogis) as deputy CEO. Olea’s stringent risk analytics and safe platform facilitate investors' admittance to venture options for returns that match with their risk profiles. It gives a drastically straightforward, speedier, and stress-free way