World’s Best Trade Finance Providers 2021
Advertisement
For many trade finance banks that still relied on legacy systems and paper-based processes, the Covid crisis put them on a forced march into the future.
February 03, 2021
Trade finance bore the full force of the institutional crises inflicted by the coronavirus pandemic. Corporate entities and banks struggled with liquidity issues, supply chain disruptions and payment delays. Legacy platforms and archaic paper-based processes still in place at most trade finance providers created additional obstacles.
Goods nevertheless continued to move across borders, however, thanks in large part to fast action by authorities. In any crisis, there’s an immediate demand for liquidity; and at the start of the pandemic, governments and central banks stepped in with liquidity for the markets.
Citibank Appoints New Country Head for Pakistan
Ahmed Bozai has been appointed as the new Citi Country Officer (CCO) for its business in Pakistan.
He will be replacing Nadeem Lodhi, who retired from the bank last year. As CCO, Ahmed will assume overall responsibility for managing Citi’s business in the country and report to Elissar Farah Antonios, who was recently appointed as the Head of Citi’s Middle East and North Africa (MENA) cluster.
Until recently, Ahmed was the Chief Operating Officer for the EMEA Emerging Markets (EMEA EM) cluster, based out of Dubai. He has previously worked with Citi in Pakistan, Greece, and the United Kingdom in several areas, including Corporate Banking, Treasury & Trade Solutions, and Operations & Technology.
Volante Extends Collaboration with Citi for Global ISO 20022 Migration
Citi will be the first Volante customer to offer a unified approach to ISO 20022 migration across the globe.
News provided by
Share this article
NEW YORK, Jan. 19, 2021 /PRNewswire/
Volante Technologies, the global leader in cloud payments and financial messaging, and Citi Treasury and Trade Solutions (Citi) are deepening their longstanding relationship to accelerate the bank s adoption of the ISO 20022 financial messaging standard across its global payments operations. As a result of this collaboration, Citi will be the first Volante customer to offer a unified approach to ISO 20022 migration across the globe.
In its preliminary 2020 guidance released today, Deutsche Post DHL Group reported record operating profit (EBIT). DHL attributed the strong results to the global increase in e-commerce and associated parcel volumes during the year. Across its various divisions, eCommerce Solutions and Express reported the largest revenue increases, of 19% and 12%, respectively. Revenues were also up […]
Citi appoints Shahmir Khaliq as head of Treasury and Trade Solutions yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.