Trade Finance Global launches a dedicated Correspondent Banking hub, in collaboration with BAFT and EBRD, to provide sector-specific content and resources for professionals in the global correspondent banking industry.
LONDON —Trade Finance Global (TFG) is thrilled to launch its latest addition to its platform—a dedicated Correspondent Banking hub, in collaboration with BAFT and EBRD. This innovative hub aims to provide a wealth of industry-specific content and resources, catering to the evolving needs of professionals in the correspondent banking sector across the globe, whilst amplifying the voice of key regions and markets.
Correspondent banking plays a pivotal role in international trade, facilitating secure and efficient cross-border transactions. In recent years, traditional correspondent banking has experienced exponential changes across product delivery and servicing, regulatory compliance as well as relationship building. Therefore the need to provide up-to-date knowledge and insights on this impactful sector.
Rudolf Putz, Head of the Trade Facilitation Programme, EBRD, said, “We highly welcome and support this initiative which might help us to raise awareness of the increasing difficulties of smaller banks and banks in early transition countries to establish correspondent banking relationships with foreign commercial banks.”
Responding to these changes, TFG has developed this hub to centralise pertinent information, making it easily accessible to industry professionals, banks, financial institutions, and trade finance practitioners worldwide.
The hub offers content in a wide range of formats, including articles, podcasts, and videos, covering various aspects of correspondent banking, such as market trends, regulatory developments, risk management, compliance, and technology advancements.
Tod Burwell, President & CEO, BAFT, said, “Trade Finance Global has been an important platform for thought leadership in the transaction banking industry, and BAFT is glad to further collaborate with them in support of their Correspondent Banking Hub.”
By leveraging TFG’s extensive network of global experts, thought leaders, and industry professionals, the Correspondent Banking hub ensures that the perspectives and insights from key regions and markets are prominently represented, enriching the discourse and fostering thought leadership in the industry.
Mark Abrams, Managing Director & Global Head of Trade and Receivables Finance, Trade Finance Global said, “Our Correspondent Banking hub is an exciting addition to the Trade Finance Global platform.
“We believe that providing a dedicated hub for this crucial sector will enable professionals to stay updated with the latest industry trends, deepen their understanding of complex topics, and foster meaningful connections within the correspondent banking community.”
In addition to the Correspondent Banking hub, Trade Finance Global continues to enhance its platform, delivering cutting-edge solutions that drive innovation and efficiency in the global trade finance landscape. With a strong commitment to empowering businesses of all sizes, TFG remains at the forefront of bridging the gap between trade finance stakeholders and supporting the growth of international trade.
BAFT, the leading global financial services association for international transaction banking, helps bridge solutions across financial institutions, service providers and the regulatory community that promote sound financial practices enabling innovation, efficiency, and commercial growth. BAFT engages on a wide range of topics affecting transaction banking, including trade finance, payments, and compliance. Follow Us: @BAFT
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