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India Singapore Pilot First Live Paperless Transaction Using Trade Trust Platform

The transaction took place following the India-Singapore Ministerial Roundtable and the meeting with Prime Minister Narendra Modi, , singapore, first live, paperless transaction, Trade Trust platform ....

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Paperless govt a key milestone in journey towards sustainable world

Dubai has become the world’s first government to go completely paperless ....

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A global first: Tata Steel-HSBC do blockchain-enabled paperless trade deal

Tata Steel together with HSBC has executed a blockchain-enabled, paperless trade transaction a global first for the steel industry.
The live trade finance transaction involved the export of steel by Tata Steel, India to Universal Tube & Plastic Industries, UAE, the steel producer informed via release today.
The end-to-end paperless trade transaction, executed over the Contour platform was made possible by a unique collaboration pivoted by Tata Steel across the spectrum over the Contour and essDOCS platforms.
The Letter of Credit (LC) was issued by HSBC UAE for Universal Tube & Plastic Industries, UAE (importer) with HSBC India as the advising and negotiating bank for Tata Steel, India (exporter). ....

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Wolters Kluwer to Acquire eOriginal, for €231M

Wolters Kluwer Governance, Risk & Compliance (GRC) is to acquire eOriginal, a Baltimore, Maryland-based provider of cloud-based digital lending software, for approximately €231m.
The completion of the deal is subject to customary closing conditions and expected before the end of 2020. The transaction will be effected through the purchase of eOriginal’s parent company, Paperless Transaction Management.
The acquisition extends GRC Compliance Solutions’ position in U.S. mortgage and loan document generation and analytics into the digital loan closing and storage adjacency.
Founded in 1996 and led by Brian Madocks, CEO, eOriginal is a leader in digital lending technology, serving more than 650 customers in the U.S., including banks, mortgage lenders, consumer lenders, and auto and equipment finance lenders. The eOriginal platform enables lenders and their partners to create, store and manage digital assets from close through to the secondary loan market. ....

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