ITFA

U.S. Small Business Administration Announces Strategic Alliance to Support Small Business Exporters

Retrieved on: 
Tuesday, June 20, 2023

WASHINGTON, June 20, 2023 (GLOBE NEWSWIRE) -- Today, the U.S. Small Business Administration (SBA) announced the signing of the Strategic Alliance Memorandum (SAM) with the International Trade & Forfaiting Association (ITFA).

Key Points: 
  • WASHINGTON, June 20, 2023 (GLOBE NEWSWIRE) -- Today, the U.S. Small Business Administration (SBA) announced the signing of the Strategic Alliance Memorandum (SAM) with the International Trade & Forfaiting Association (ITFA).
  • ITFA and SBA strive to facilitate the expansion of trade and trade finance globally to reduce barriers for small businesses selling abroad.
  • Together, the SBA and ITFA will work to educate exporters and lenders on financing methods and risk mitigation solutions necessary to facilitate global trade.
  • “SBA’s new agreement with ITFA aims to build capacity for exporting through education and technical training for both lenders and small businesses.

World Trade Board launches plan to empower SMEs through trade and finance

Retrieved on: 
Monday, March 27, 2023

LONDON, March 27, 2023 /PRNewswire/ -- The World Trade Board has today opened consultation on a major new framework to increase access to trade finance for MSMEs. Developed with contributions from major industry bodies and international stakeholders, the Financial Inclusion in Trade Roadmap identifies five key areas where coordinated action can make a significant impact. Crucially, the Roadmap aims to accelerate the pace of change by providing a holistic framework for public and private sector collaboration.

Key Points: 
  • LONDON, March 27, 2023 /PRNewswire/ -- The World Trade Board has today opened consultation on a major new framework to increase access to trade finance for MSMEs.
  • MSMEs make up around 90% of businesses globally, but accounted for just 23% of applications for trade finance in 2020.
  • Michael Vrontamitis, Deputy Chair of the World Trade Board, said: "Difficulty accessing finance means MSMEs are greatly under-represented in global trade.
  • The Financial Inclusion in Trade Roadmap can be found at the World Trade Symposium website and feedback should be sent to [email protected] .

World Trade Board launches plan to empower SMEs through trade and finance

Retrieved on: 
Monday, March 27, 2023

LONDON, March 27, 2023 /PRNewswire/ -- The World Trade Board has today opened consultation on a major new framework to increase access to trade finance for MSMEs. Developed with contributions from major industry bodies and international stakeholders, the Financial Inclusion in Trade Roadmap identifies five key areas where coordinated action can make a significant impact. Crucially, the Roadmap aims to accelerate the pace of change by providing a holistic framework for public and private sector collaboration.

Key Points: 
  • LONDON, March 27, 2023 /PRNewswire/ -- The World Trade Board has today opened consultation on a major new framework to increase access to trade finance for MSMEs.
  • MSMEs make up around 90% of businesses globally, but accounted for just 23% of applications for trade finance in 2020.
  • Michael Vrontamitis, Deputy Chair of the World Trade Board, said: "Difficulty accessing finance means MSMEs are greatly under-represented in global trade.
  • The Financial Inclusion in Trade Roadmap can be found at the World Trade Symposium website and feedback should be sent to [email protected] .

Cargill becomes first global supplier to commit entire edible oils portfolio to World Health Organization's best practice on industrially produced trans-fatty acids (iTFAs)

Retrieved on: 
Monday, December 6, 2021

This helps both Cargill and its customers comply with the World Health Organization's (WHO) recommended standard of a maximum two grams of industrially produced trans-fatty acids (iTFA) per 100 grams fats/oils by the end of 2023.

Key Points: 
  • This helps both Cargill and its customers comply with the World Health Organization's (WHO) recommended standard of a maximum two grams of industrially produced trans-fatty acids (iTFA) per 100 grams fats/oils by the end of 2023.
  • Cargill is an important part of our supply chain and we look forward to working together to continue to accelerate progress toward our iTFA goals."
  • Over the last 25 years, Cargill has removed an estimated one billion pounds (nearly 500,000 metric tons) of iTFAs from the global food supply, resulting in approximately 89% of its global edible oils portfolio already meeting the WHO's iTFA best practice.
  • Cargill's Global Edible Oil Solutions (GEOS) has more than 8,000 employees at more than 50 facilities in 20 countries.

Cargill becomes first global supplier to commit entire edible oils portfolio to World Health Organization's best practice on industrially produced trans-fatty acids (iTFAs)

Retrieved on: 
Monday, December 6, 2021

WAYZATA, Minn., Dec. 6, 2021 /PRNewswire/ -- As food manufacturers seek ways to help improve consumer diets, Cargill is supporting our customers by committing to remove iTFAs from its entire global edible oils portfolio. This helps both Cargill and its customers comply with the World Health Organization's (WHO) recommended standard of a maximum two grams of industrially produced trans-fatty acids (iTFA) per 100 grams fats/oils by the end of 2023.

Key Points: 
  • This helps both Cargill and its customers comply with the World Health Organization's (WHO) recommended standard of a maximum two grams of industrially produced trans-fatty acids (iTFA) per 100 grams fats/oils by the end of 2023.
  • Cargill is an important part of our supply chain and we look forward to working together to continue to accelerate progress toward our iTFA goals."
  • Over the last 25 years, Cargill has removed an estimated one billion pounds (nearly 500,000 metric tons) of iTFAs from the global food supply, resulting in approximately 89% of its global edible oils portfolio already meeting the WHO's iTFA best practice.
  • Cargill's Global Edible Oil Solutions (GEOS) has more than 8,000 employees at more than 50 facilities in 20 countries.

LBank Exchange Listed XinFin Digital Contract (XDC) on November 30, 2021

Retrieved on: 
Wednesday, December 1, 2021

Internet City, Dubai--(Newsfile Corp. - December 1, 2021) - LBank Exchange, a global digital asset trading platform, listed XinFin Digital Contract (XDC) token on November 30, 2021.

Key Points: 
  • Internet City, Dubai--(Newsfile Corp. - December 1, 2021) - LBank Exchange, a global digital asset trading platform, listed XinFin Digital Contract (XDC) token on November 30, 2021.
  • For all users of LBank Exchange, the XDC/USDT trading pair will be officially available for trading at 13:00 (UTC+8) on November 30, 2021.
  • XinFin Digital Contract (XDC), the digital asset powering the XDC Network, was listed on LBank Exchange at 13:00 (UTC+8) on November 30, 2021: https://www.lbank.info/exchange/xdc/usdt .
  • The XDC token was listed on LBank Exchange at 13:00 (UTC+8) on November 30, 2021, investors who are interested in XinFin investment can easily buy and sell XDC token on LBank Exchange by then.

MonetaGo Provides First-Ever Global Solution to Duplicate Financing Fraud in Trade Finance

Retrieved on: 
Monday, September 13, 2021

MonetaGo , a financial technology solutions provider, today announced a new platform to combat financing fraud in trade finance on a global level.

Key Points: 
  • MonetaGo , a financial technology solutions provider, today announced a new platform to combat financing fraud in trade finance on a global level.
  • The world of trade finance has repeatedly been the victim of duplicate financing fraud.
  • The MonetaGo Secure Financing Platform appears to be a simple utility that lenders worldwide could potentially use to greatly improve the trade finance experience.
  • "Duplicate financing fraud occurs far too often, impacting accessibility to affordable trade finance for millions of businesses around the world, said Jesse Chenard , CEO, MonetaGo.

XinFin's XDC Network Selected As the First Blockchain Company To Join the Global Trade Finance Distribution Initiative

Retrieved on: 
Wednesday, August 18, 2021

SINGAPORE, Aug. 18, 2021 /PRNewswire/ -- XDC Network , a highly interoperable, hybrid blockchain platform that supports global trade and finance, is honoured to have been selected as the first blockchain company to join the global Trade Finance Distribution (TFD) Initiative , a consortium of trade originators, credit insurers, and institutional funders on a mission to boost automation and transparency in trade asset and risk distribution.

Key Points: 
  • SINGAPORE, Aug. 18, 2021 /PRNewswire/ -- XDC Network , a highly interoperable, hybrid blockchain platform that supports global trade and finance, is honoured to have been selected as the first blockchain company to join the global Trade Finance Distribution (TFD) Initiative , a consortium of trade originators, credit insurers, and institutional funders on a mission to boost automation and transparency in trade asset and risk distribution.
  • We welcome XinFin's XDC Network to TFD Initiative as this enables us to bridge the US$19 trillion trade finance asset class with any type of funder through tokenisation and digital assets."
  • A first-of-its-kind, public-private hybrid blockchain platform, XDC Network brings energy-efficient smart contract and digital asset technology to the trade investment class.
  • Trade Finance Distribution Initiative (TFD Initiative) is an industry-backed drive to create the blueprint for global trade finance distribution.

Cleareye.ai joins ITFA & the Fintech Committee

Retrieved on: 
Monday, April 26, 2021

b'LOS ANGELES, April 26, 2021 /PRNewswire/ -- Cleareye.ai, a leading fintech platform that transforms banks into hyper-agile organizations, announced that it is joining the ITFA Fintech Committee.

Key Points: 
  • b'LOS ANGELES, April 26, 2021 /PRNewswire/ -- Cleareye.ai, a leading fintech platform that transforms banks into hyper-agile organizations, announced that it is joining the ITFA Fintech Committee.
  • ClearTrade is an easy-to-use digital workbench and proprietary rules engine to automate workflow of trade finance screening and compliance processing.
  • Our focus is to help reduce the TBML risks induced by the document-centric process, human centered review, and dependency on bank personnel.
  • "\nSarath Sasikumar, Co-Founder and COO at Cleareye.aistates: "ITFA is the perfect forum for a Fintech like us who want to make a significant impact to the Trade Finance ecosystem.