Ngulminthang Lhanghal - Financial Expert

National Bank of Kuwait (NBK) was named “Best Trade Finance Bank in Kuwait for 2022” in the annual survey of Global Trade Review (GTR), a magazine specializing in global emerging markets and trade, commodity finance and transaction banking. GTR selected NBK as one of the leading banks in the Middle East and North Africa (MENA) region in the trade finance sector, based on customer and market-specialized institution surveys conducted around the world. The GTR Leaders in Trade awards recognize excellence in the trade, commodity, supply chain and export financing, and well as FinTech markets. By receiving this award, NBK demonstrates its leadership in financing mega deals and projects, benefiting from its strong balance sheet, extensive experience, in addition to the exceptional and sustainable relations with its clients both locally and internationally. Read more: https://ngulminthanglhanghal.mystrikingly.com/blog/nbk-named-best-trade-finance-bank-in-kuwait-for-2022

Bengaluru (Karnataka) [India], June 3 (ANI/NewsVoir): Continuing its efforts to empower businesses with fast digital and affordable access to liquidity, KredX, India's largest supply chain finance platform, today announced its collaboration with Tradewind Finance, a global financial solutions company to corroborate enhanced export and supply chain financing solutions for business corporates. This collaboration will focus on providing financing to KredX's customers for their international business, exports and imports, at competitive rates by leveraging KredX's platform and financing capabilities of both the companies. In November 2021, KredX received an "In-principle" approval by IFSCA to offer a platform for Indian companies to transact and raise financing for their exports and imports. This allows KredX to extend its expertise in offering a world-class transaction platform and offer financing solutions to its existing customer base as it continues to add new one

As per the latest news, a Singapore trade data-sharing platform, supported by banks, commodity houses, and state organizations, has enrolled 70 participants as part of the city-state’s endeavors to support certainty after a series of commodity trade finance frauds in recent years. The Singapore Trade Data Exchange (SGTraDex), which was established by bank DBS (DBSM.SI), commodity trader Trafigura and local technology controller, Infocomm Media Development Authority, was introduced on Wednesday, following the strategies put in place last year. “We are attempting to replicate what’s taking place in the real world,” said Antoine Cadoux, chief executive of SGTraDex Services. “The agenda is to adopt paperless technology across the end-to-end process.” “We suppose that with the value we are capable of demonstrating, we can touch that scale relatively faster,” according to Cadoux, a former consultant. Read more: https://ngulminthanglhanghal.mystrikingly.com/blog/singapore-s-new-trade-data-sha

Trade finance solution provider Surecomp is launching an application programming interface (API)-based trade finance platform designed to create a collaborative ecosystem of corporates, financial institutions and FinTechs.  Called RIVO, the platform enables collaboration between corporates and financial institutions for “centralized visibility of credit lines and utilization across multiple jurisdictions,” according to a press release Wednesday (May 18).  Surecomp President and CEO Guy Perry said RIVO was developed in cooperation with some of the biggest banks, financial institutions and corporates, “who will continue working with us to ensure it remains fully aligned to market needs.” He added that RIVO will play an important part in driving Surecomp’s commitment to sustainable global trade while also “removing barriers and facilitating collaboration.” “By bringing everyone together, we hope that the trade finance process will be immeasurably improved, reducing enormous overhead costs