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Standard Chartered Reports Blockchain Letter Of Credit Transfer Between Thailand, Vietnam

PYMNTS

It was completed over the blockchain-based Contour network, which is an open industry platform and focused on digitizing trade finance. The trade involved a $50,000 shipment of plastics from Thailand's SCG Plastics to Vietnam's Opec Plastics Joint Stock Company , FinanceFeeds writes.

eCommerce 120
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B2B FinTech Tackles The Nuanced Challenges Of Marijuana — Beyond Banking

PYMNTS

The legal cannabis market continues to reach new milestones, the latest being the launch of the industry’s first commodity trading desk — with the latest service provider highlighting the opportunity in addressing the more nuanced challenges of an unfamiliar, emerging market. ” Beyond Banking Struggles.

B2B 70
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APAC capital markets during the COVID-19 crisis

Future CFO

FutureCFO spoke to three executives for their expressed views on the impact of COVID-19 on the Asia Pacific’s (APAC) credit market: Mike San Diego, chief financial officer at JK Capital Finance; James Ponsford, regional director & growth leader, Credit Solutions, Asia at Aon; and Matthew Wells, APAC regional commercial director for Euler Hermes.

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A Finance Primer on the New Payments Ecosystem

Bank of the West

Along with new opportunities, this open and collaborative environment also presents vulnerabilities related to cybersecurity and data privacy, which create risks for industry stakeholders. Key Regulatory and Industry Initiatives (KRIIs) related to cybersecurity and anti-money laundering (AML) continue to impact banks’ business models.

Finance 98
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Bitcoin Daily: Tencent Plans To Launch Digital Blockchain Bank; HMRC Does Not Consider Crypto As Currency

PYMNTS

“Hong Kong’s new regulations and supervision on digital assets transactions validates the importance of blockchain technology and digital assets, which is good news for the whole industry,” Cai said in a speech at the World Blockchain Summit in Wuzhen, China.

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Hedging or de-hedging, that is the question…

Simply Treasury

We have seen that harbors were blocked, goods could not be delivered, and even commodities or finished products became unavailable (e.g., semiconductors for the automotive industry or for white goods). Dynamic hedging of exposures. One of the problems with FX management is also the lack of adapted IT tools (even TMS’s).

IFRS 130
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Bitcoin Daily: VinX Grows Blockchain Tech On The Vine, Ripple MoneyTap Remittance App Goes Live 

PYMNTS

Overstock subsidiary Medici Ventures is investing in VinX , which is making a blockchain solution that monitors the ingredients of wine on their journey between the vineyard and the glass, according to reports. And a federal judge for a federal court has ruled that a cryptocurrency in a case is, in fact, a commodity, TheNextWeb reported.