PYMNTS

JULY 5, 2018

That includes a new Know Your Customer (KYC) application for banks, as well as Hong Kong’s latest cross-border trade finance initiative using distributed ledger technology (DLT). “Traditional KYC processes are complex and often duplicative,” said R3 in its announcement, according to CoinDesk.

Blockchain 47

Blockchain Distributed Ledger Technology (DLT) Cross-Border Finance 47

PYMNTS

FEBRUARY 11, 2020

. “Many have tried to shoehorn blockchain technology into solutions [where] it doesn’t quite fit, [but] trade finance, supply chain finance and cross-border payments [are] some of the few examples of commercial use where it can genuinely make a real difference,” he said. But blockchain goes further, said Tarone.

Finance 53

Finance Technology Cross-Border Distributed Ledger Technology (DLT) 53

Fintech Review

FEBRUARY 25, 2025

Fraud is another significant concern, as manual processing and the lack of transparency make trade finance susceptible to counterfeit documents, duplicate financing, and fraudulent claims. Stricter regulations, while necessary to prevent financial crimes, also contribute to slowing down approvals for trade finance transactions.

Finance 85

Finance Technology Distributed Ledger Technology (DLT) Fraud Detection 85