Russia’s largest bank joins blockchain trade finance platform

The Swiss arm of Russia’s largest bank is exploring blockchain-based trade finance. A subsidiary of Russia’s largest bank, Sberbank, has joined a blockchain-based platform for commodity trade finance. Sberbank Switzerland AG has signed an agreement with Swiss trade finance platform Komgo to apply its blockchain-powered trade finance service. Representatives from Sberbank Switzerland AG told Cointelegraph […]

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Blockchain can shield banks from billion-dollar trade finance scandals, says exec

Blockchain can help the trade finance industry prevent billion-dollar scandals and ease trade financing, says expert. The pressure induced by the ongoing economic crisis, obsolete trade finance systems and mounting geopolitical tensions is pushing the international trade finance industry down a rabbit hole.  To add to the already critical situation, recent trade finance scandals involving […]

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Crisis as a Catalyst for Change: Southeast Asia Is Digitizing Finances

Southeast Asia’s relations with open finance and emerging technologies have become more prominent during the COVID-19 pandemic. As the COVID-19 pandemic swept across the globe, history seemingly repeated itself as familiar public health strategies were gradually implemented from one jurisdiction to the next. From recommendations of social distancing to lockdowns, such measures have disrupted even […]

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Interoperable Blockchains May Be the Future of Finance but Have a Ways Yet to Go

As interoperable blockchain solutions gain traction, many believe that the technology is still relatively nascent and needs more polishing. Cross-chain interoperability is a domain that has piqued the interest of many financial institutions over the years, as it stands to produce a technology that can potentially mitigate a whole host of their recurring operational issues […]

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