US-based Marco Financial Partners, a trade finance fintech firm targeting SMEs in the Americas, is teaming up with logistics giant DP World to become a lender on its Cargoes Finance platform. Marco, which provides working capital facilities to SMEs in the US and Latin America, says the partnership will allow users of Cargoes Finance “to .
The International Chamber of Commerce (ICC) has formed an advisory board comprising intergovernmental, policy and industry actors in the global trade and trade finance industry, in order to accelerate progress on the worldwide legal reform needed to enable digital trade. Launched today under the auspices of the ICC’s Digital Standards Initiative (DSI) governance board, the .
Micro, small and medium enterprises (MSMEs) are critical to the health of global trade, but limited access to financing is constraining their ability to create jobs, deliver economic growth and contribute to the recovery from the Covid-19 pandemic. In this Industry Perspective, Simon Paris, CEO of fintech company Finastra, and John Denton, secretary general of .
The International Chamber of Commerce (ICC) has published a framework for the trade finance industry as it grapples with the challenge of better serving smaller businesses. The document, titled Reconceiving the Trade Finance Ecosystem, sets out a road map for digitally connecting and facilitating interoperation among existing trade finance networks through sets of shared standards, .