According to the Berne Union’s release, medium- and long-term (MLT) business reached $77 billion in H1, driven by large transactions in transport and renewables across North America and Europe. Renewable energy lodged more than $10 billion of new commitments in the period and is now the second-largest sector for new MLT business and the third-largest by exposure at $82 billion.

A new report from the International Chamber of Commerce (ICC UK) has set out a bold plan to build “digital trade superhighways”,

The Commonwealth launches a Model Law on Digital Trade to modernise trade rules, boost competitiveness, and unlock $1.2 trillion in growth by 2026.

#TTPulse: Africa Trade Gateway (ATG) launches National Adoption Initiative in Rwanda 🔸The Africa Trade Gateway (ATG), a digital trade ecosystem developed through collaboration between African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat, has launched a national adoption awareness initiative in Rwanda. This marks a crucial step toward operationalising the African Continental Free Trade Area’s vision of a unified, integrated African market. 🔸Designed as a one-stop platform, Africa Trade Gateway (ATG) connects buyers, sellers, financial institutions, and logistics providers across Africa, enabling businesses to find trusted partners, secure financing, complete cross-border payments, and access new markets efficiently. 🔸The initiative aims to increase intra-African trade by providing digital infrastructure that supports scaling trade activities, promoting economic integration, and creating jobs. Rwanda’s government plays a key role in local implementation, encouraging private sector engagement to embrace digital trade as a transformative leap in trade liberalisation. 🔸The launch gathered diverse stakeholders, including government officials, banking associations, diplomats, entrepreneurs, and trade organisations, reflecting broad support for accelerating the AfCFTA Digital Trade protocol through digital innovation. #africatradegateway #afcfta #digitaltrade #intraafricantrade #afreximbank #rwanda

#TTPulse: Bahrain Fintech Bay and MonetaGo announce national trade finance registry 🔸Bahrain Fintech Bay, a subsidiary of The BENEFIT Company (BENEFIT), has partnered with MonetaGo to develop Bahrain’s first Digital Public Infrastructure (DPI), beginning with a National Trade Finance Registry. 🔸The initiative aims to establish a unified digital platform to identify duplicate financing and invoice fraud and improve access to credit for small and medium-sized enterprises (SMEs). 🔸The registry will enable participating financial institutions to validate financing transactions in real time and is expected to improve data integrity in Bahrain’s financial sector. 🔸According to the partners, the project builds on MonetaGo’s registry technology previously implemented in other markets and aligns with the objectives of Bahrain’s Economic Vision 2030 to advance digital financial infrastructure. 🔸Following deployment, Bahraini banks and licensed lenders will be invited to join the platform. #bahrainfintechbay #monetago #tradefinance #digitalinfrastructure #fintech #smefinance #fraudprevention #gcc #ttppulse

The shift to ISO 20022 marks one of the most significant changes in global financial infrastructure in decades. ISO 20022 is a universal messaging standard that uses structured, machine-readable XML data to describe financial transactions. It replaces SWIFT’s legacy MT (Message Type) format, which has been in use for more than 40 years and relies on unstructured text fields with limited capacity for automation and analytics.

#TTPulse: Ripple acquires GTreasury to accelerate treasury management innovation 🔸Ripple has acquired GTreasury in a $1 billion deal, significantly expanding its presence in the corporate treasury market and gaining access to a broad base of leading global clients. 🔸This acquisition combines Ripple’s digital asset infrastructure with GTreasury’s four decades of treasury management expertise, enabling clients to unlock trapped capital and execute payments instantly. 🔸The integration empowers treasury and finance teams to manage liquidity, risk, and payments in real time, supporting digital assets such as stablecoins and tokenised deposits at scale. 🔸Clients benefit from enhanced cash forecasting, risk management, and compliance capabilities, alongside Ripple’s global payment network and blockchain solutions. 🔸The combined offering aims to modernise treasury operations by enabling faster, more efficient capital activation without compromising security or regulatory standards. #treasurymanagement #digitalassets #ripple #gtreasury #blockchainpayments #liquiditymanagement #corporatetreasury #financialtechnology

#TTPulse: World’s first Negotiable Goods Document (NCD) template formally released in China 🔸The world’s first Negotiable Goods Document (NCD) template was formally released at the 2025 Annual Meeting of the China Maritime Law Association and the 11th China-Foreign Maritime Law Conference on 19th October. 🔸The launch was led by Zhang Yong, President of the China Maritime Law Association and Deputy General Manager of China COSCO SHIPPING Corporation, alongside Xu Minqiang, Party Secretary of Dalian Maritime University. 🔸The NCD template follows the United Nations Commission on International Trade Law’s approval of the draft Convention on Negotiable Goods Documents in July 2025, which will be submitted to the United Nations General Assembly for adoption later this year. 🔸Initiated by China to address the needs of the China-Europe Railway Express, the Convention fills a legal gap by establishing a negotiable goods document applicable across all transport modes, including multimodal transport. 🔸The NCD template is developed through collaboration between COSCO SHIPPING Group and Dalian Maritime University, and integrates COSCO’s bill of lading with the blockchain-based Global Shipping Business Network (GSBN) platform. 🔸The template aims to standardise transport documents, facilitate trade financing, reduce logistics costs, and support the “one bill system” for multimodal transport and Belt and Road cooperation. #ncdtemplate #maritimelaw #negotiablegoodsdocument #coscoshipping #tradefinance #beltandroad #shippinginnovation #china

#TTPulse: BNP Paribas joins forces with Kresus for working capital optimisation 🔸BNP Paribas partners with Kresus to bring an innovative working capital optimisation solution to its clients. This collaboration will enable their clients to defer disbursements by up to 90 days while paying suppliers on time. 🔸This is achieved through a secure and confidential process that ensures suppliers receive Standard Bank Transfers in the client's name. 🔸The combined solution from BNP Paribas and Kresus enables the transformation of card payments into wire payments, providing a short-term credit solution for tactical working capital optimisation. 🔸This card-to-account solution is fully secure and automated, allowing clients and suppliers to improve their DPO and DSO, respectively. 🔸The new solution requires no change to supply processes or the ERP system and ensures a smooth and efficient experience for clients, while maintaining the highest level of security and compliance. #workingcapital #treasurymanagement #BNPParibas #Kresus #paymentoptimisation

#TTPulse: Standard Chartered enhances global payments with Visa Direct integration 🔸Standard Chartered has implemented Visa Direct's digital payment network to enhance efficiency, transparency, and cost-effectiveness within its SC PrismFX platform and low-value global disbursement operations. 🔸The integration enables Standard Chartered to facilitate direct payment routing to beneficiary bank accounts through domestic ACH and instant payment rails, and local low-value payment systems, thereby eliminating intermediary processes. 🔸The service currently supports multiple currencies, with a structured expansion plan in place, aligning strategically with Standard Chartered's cross-border instant payments development framework. 🔸This integration is an extension of Standard Chartered's established collaboration with Visa, following their April 2024 strategic alliance wherein the bank incorporated Visa b2b connect's multilateral network to facilitate expedited cross-border business transactions. 🔸Standard Chartered's client base will benefit from this. Financial institutions, non-bank financial entities, payment technology providers, and corporate clients can now access accelerated transaction processing, reduced operational costs, and streamlined global financial transfers across more than 195 jurisdictions. #treasurytech #visadirect #crossborderpayments #instantpayments #standardchartered #visa

#SibosPulse: EBA CLEARING's Verification of Payee solution passes major scale testing 🔸EBA CLEARING has successfully completed large-scale testing of its Verification of Payee (VOP) solution with a broad community of STEP2 and RT1 users across Europe, confirming the system is ready to meet Instant Payments Regulation requirements. 🔸 The testing exercise enabled payment service providers (PSPs) to assess their VOP readiness, identify potential issues, and ensure smooth scaling of verification volumes ahead of the 9th October regulatory deadline. 🔸 This also included PSPs using both Fraud Pattern Anomaly Detection (FPAD) VOP and alternative VOP solutions, creating realistic conditions that enabled comprehensive end-to-end testing of transaction volume peaks across the entire ecosystem. 🔸 The FPAD system extends beyond basic verification to provide payment service providers with advanced fraud detection capabilities based on network-level pattern analysis. 🔸 More than 55 RT1 and STEP2 participants across 14 countries are preparing to adopt FPAD's VOP functionality by October, representing over 40% of the traffic in STEP2 SCT and RT1 systems. #paymentsecurity #instantpayments #fraudprevention #VerificationOfPayee #Europeanbanking #Sibospulse #Sibos2025 #Sibosannouncement

Late September 2025, the First Brands Group, LLC (FBG) filed for US Chapter 11 bankruptcy protection. Their chief restructuring officer declared debt totalling $11.5b. In the mix of debt were debt labelled “unsecured supply chain finance” of $800MM and “accounts receivable factoring” of $2.3b.

Souleïma Baddi, CEO of Komgo on the challenges of removing paper from trade and the role of connectivity in driving digital transformation across the industry.

Expanding access to trade finance in emerging markets is both a challenge and an opportunity. For global trade to function smoothly, liquidity must reach importers and exporters both in established markets and also in smaller, riskier economies where demand is rising fastest.

Government understanding of supply chains and increased defence spending are key to global security, Rebecca Harding, economist and chief executive of think tank the Centre for Economic Security, and editorial board member at TTP, says in a new book.

Today, the global economy is surrounded by geopolitical uncertainty and shifting trade patterns. In this, UK Export Finance (UKEF) stands as a critical pillar supporting British exporters as they venture into global markets. UKEF primarily provides guarantees to financial institutions, enabling them to lend to businesses involved in international trade and export. In March 2025, the UK government announced a decision to increase UKEF’s capacity by a third to £80 billion, signalling its commitment to positioning British businesses as formidable players on the international stage.