The Lessors Network Blue Arrow   Return To Breaking News Network      
Lessors Network Logo

The Equipment Finance Industry has grown to over $1 Trillion in the U.S. with over 5 million Websites according to Google. Understandably, it can be difficult identifying and evaluating the resources you need using Traditional Search Engines. What you need is a vertical networking platform providing free access to everything "equipment finance". This is where the largest equipment finance community on the Web can help...

Blue Arrow   Go To Home Page
.
Lessors Network Ad
LeasingWorld
Lessors Network Shadow
LeasingWorld | Media

LeasingWorld magazine is a world leader for leasing news and analysis. Because we see our leasing industry as a global community, we tailor our output to satisfy the whole of the leasing world, right across the globe.

Jan Szmigin - +44(0)1905 621444
.
Join The Lessors Network
Lessors Network Shadow
Lessors Network Membership
.
Does Your Association Membership Include Free Multi-Channel Promotion of Your Organization? Why Not?

The Lessors Network, an Equipment Finance News & Media Network, incorporates Multi-Channel Advertising Platforms, Publishing Platforms and Networking Platforms to promote Members within the largest equipment finance community on the web!

.
Blue Arrow   Learn More...
.
Breaking News Network
    Arrow  Submit Press Releases  
Lessors Network Shadow
.

Commerzbank, other banks join UBS and IBM trade finance blockchain

.

NEW YORK (Reuters) - Commerzbank AG (CBKG.DE), Bank of Montreal (BMO.TO), Erste Group Bank AG (ERST.VI) and CaixaBank SA (CABK.MC) have joined an initiative launched by UBS Group AG (UBSG.S) and IBM Corp (IBM.N) aimed at building blockchain-based technology to support trade finance transactions.

The platform called Batavia would help banks and their clients automate the trade finance process, which remains highly manual and paper-based, the participating companies said on Wednesday.

In trade finance, banks provide funding and other services to importers and exporters to facilitate commerce.

Among other things Batavia will allow parties to track a transaction from when a shipment leaves a port to when it reaches its destination.

Blockchain, which was first developed to power cryptocurrency bitcoin, is a shared ledger of data that is maintained by computers, rather than a central authority. Over the past few years, banks have been investing millions of dollars in adapting the technology to run some of their data heavy and complex processes.

Blue Arrow   Continue Viewing This Reuters Story

.

  Free Headlines In Your Inbox

Email Alerts
Every day we send out free Email Alerts with the most important
headlines of the last 24 hours (excluding slow news days).
.
.
 Blue Arrow


.

A Lessors.com, Inc. Company     © Copyright 1998 - 2017
.