Tag: trade finance
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Finastra and Tesselate digitalise trade finance for US banks
In a collaboration aimed at transforming the trade finance landscape, Finastra and Tesselate have joined forces to digitalise trade finance operations for banks in the United States. Revolutionizing Trade Finance with Digital Technology Trade finance, an integral part of global commerce, has traditionally relied heavily on manual processes and paperwork, resulting in inefficiencies, delays, and…
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Swift enables global eBL interoperability in trade finance
The rise of digitalization in the finance industry has brought forth numerous advancements, especially in trade finance. One of the significant breakthroughs is the interoperability of electronic Bill of Lading (eBL) systems facilitated by Swift. The Importance of eBL: The Bill of Lading is a crucial document in international trade. It serves as proof of…
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MonetaGo and Tesselate augment trade finance fraud detection
MonetaGo and Tesselate have joined forces to revolutionize the trade finance industry by enhancing fraud detection capabilities. Unveiling Advanced Fraud Detection Technology The collaboration between MonetaGo, a leading provider of enterprise blockchain solutions, and Tesselate, a pioneer in AI-based financial crime prevention, aims to address the increasing concerns related to trade finance fraud that have…