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- TTP Liquidity Brief | Issue 57 - Fraudsters, bananas, and 100 years of insurance
TTP Liquidity Brief | Issue 57 - Fraudsters, bananas, and 100 years of insurance
A century-old industry, a modern fraud challenge, and the latest developments across global finance.
🌟 A note from the Deputy Editor
The TTP team was collecting air miles again last week.
Part of the team was in Amsterdam for Money20/20 Europe to chat about the hottest topics in the payments space, including, of course, AI and stablecoins and digital identity and the future of payments. Meanwhile, in Vienna, we joined ICISA to celebrate its 100th anniversary.
That mix of old and new feels like a fitting theme for this week's newsletter.
Our slow read takes a look at trade fraud - one of the oldest challenges in this millennia-old space - but this time, with a modern twist. Technology, so it seems, may finally be helping the industry fight back. Give it a read!
Elsewhere, we've covered everything from African infrastructure finance and economic growth forecasts to real-time payments, treasury risk, and the growing overlap between trade and treasury teams. And, for those who prefer watching to reading, we also released the first in a series of Tunisia-focused trade digitalisation videos, and a conversation in TTP’s London studio where we ponder the UK’s premeditated industrial destruction. Curious?
We're also excited to be supporting an upcoming workshop with the ITFA Emerging Leaders Committee, taking place on June 17, focused on AI prompting. AI tools are becoming part of everyday working life, and knowing how to ask better questions is quickly becoming a valuable skill in its own right.
As always, there's plenty to read and watch.
Until next time — keep your documents genuine and your prompts clever.
— The TTP Editorial Team

Country of the Week: Ecuador
Did you know that Ecuador is the world's largest exporter of bananas? The country supplies roughly one in every four bananas traded internationally, shipping millions of tonnes each year to consumers across Europe, North America, and beyond. For a fruit so common that most shoppers barely think about it, bananas have become one of Ecuador's most important links to the global economy.
Ecuador trade stats (2024):
Total exports: $38.2B | Total Imports: $29.5B |
|---|---|
Largest export destination: China ($7.56B) | Largest import partner: United States ($7.96B) |
Largest Export: Crude Petroleum ($13.4B) | Largest Import: Refined Petroleum ($4.14B) |
Source: OEC
Slow Read
Perfect cover: how criminals learned to love a bill of lading – and why the game may finally be up
By: Tim Staheli
Global trade in goods and commercial services reached $34.65 trillion in 2025. Every one of those transactions generates paperwork. Banks process those documents, check them against international rules, and release funds or guarantees accordingly. The people responsible for that checking are skilled, trained, and (relative to the task) comprehensively outnumbered. Data is scattered across banks, shippers, insurers, and customs authorities, and the detailed documentation that accompanies every transaction creates a presumption of legitimacy that is, in practice, difficult to refute…
Trade digest
Treasury, payment and global banking digest
Topic of the week: Standby letters of credit
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