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FStech: Global banks team up for tech-driven trade finance initiative
Published on:
April 1, 2019
Fourteen global financial institutions - including HSBC, Lloyds, Deutsche Bank and Standard Chartered - have joined together to launch an initiative which aims to use technology to open up trade finance as an asset class for the institutional investors.
The Trade Finance Distribution Initiative (TFD) will initially focus on creating common data standards and definitions to enhance operational efficiency and improve risk management associated with establishing trade finance as an asset class.
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