First Asia-Europe Marco Polo transaction pilot completed between Commerzbank and Bangkok Bank

Commerzbank and Bangkok Bank have jointly run an international trade transaction based on Distributed Ledger Technology (DLT), the first Europe-to-Asia trade transaction completed on the Marco Polo network.

The transaction comprised the supply of glass tubes from German specialty glass manufacturer Schott to Thai packaging manufacturer A.P.A. Industries, with the entire flow of information mapped via R3’s Corda DLT platform. All parties involved were able to communicate and view trading data simultaneously via specially set up digital nodes.

Enno-Burghard Weitzel, head of product management trade services at Commerzbank AG, says, “We are happy to be one of the drivers to develop this digital solution for trade finance and to support clients with our expertise.”

Following outreach by Moorgate, the news was covered by: Finextra, Fintech Finance, TRF News (behind paywall), TXF News (behind paywall), IJGlobal (behind paywall), Global Trade ReviewDer Treasurer, The Paypers, Tokenpost, Block Tribune, and Fintech Insight.

Natixis’s Emmanuel Verhoosel discusses global expansion plans with PropertyEU

In an interview with PropertyEU, Emmanuel Verhoosel, Natixis’s new global head of real estate and hospitality, discusses the French bank’s plans to reinforce its London office and expand its business in Germany.

Natixis already has a ‘special place in the US (among European banks)’, according to Verhoosel, and plans are in place to ‘reinforce’ the London office to increase the focus on financing core assets and to better service global clients.

The new Natixis head also wants to further develop business in Germany, and comments, ‘the next big thing for us is Japan’ in terms of new global real estate investing trends.

Read the full interview in the April edition of PropertyEU.

Natixis and Groupama Group launch innovative green insurance product

Natixis has teamed up with Groupama Gan Vie, a subsidiary of the Groupama Group, to launch the first green structured note that is entirely supportive of the energy transition. The move reflects both groups’ proactive approach to the fight against climate change.

The product offers a means to directly finance renewable energy projects in order to ensure more environmentally-respectful energy production. The funds collected will be invested exclusively in wind, solar, hydraulic and biomass projects that respect responsible management criteria. The structured not will be issued by Natixis and launched on 1 May.

Elie Bitton, Head of EMEA Sales and Global Head of Financial Engineering, Natixis Global Markets, said: “We are proud today to be able to offer an investment solution that is 100% committed to the climate, and we thank Groupama for its trust and confidence in this high-profile operation.”

Following outreach from Moorgate, news of the launch was covered by El Asesor FinancieroNoticias CanariasStructured Retail ProductsInternational AdvisorCompelo and Investment Europe.

BNY Mellon launches new global survey examining the trade finance gap

BNY Mellon, with support from the ICC, has launched its new global report and survey: “Overcoming the Trade Finance Gap: Root Causes and Remedies.

The findings reveal that trade finance rejection rates are increasing in a third of institutions. These numbers are significant, and highlight the challenge many businesses are facing when it comes to accessing funding for trade not only persists, but could be getting worse.

With the trade finance gap remaining a significant threat to the health of global trade, the survey examines its causes and, importantly, moves the conversation towards resolution – exploring participants’ views on what they think could most effectively help to close the gap.

Read the survey to find out what the industry had to say about the factors driving the gap, and what they believe the focus should be to address it.

Commerzbank completes first Marco Polo transaction pilot, covered by specialist press

Commerzbank and Landesbank Baden-Württemberg (LBBW) have recently – for the first time – successfully executed the necessary data transfers to complete two commercial transactions via blockchain-based trade finance network Marco Polo.

“The transaction proves that blockchain technology offers our clients state-of-the-art financing for trade transactions,” says Nikolaus Giesbert, divisional board member for Trade Finance & Cash Management at Commerzbank. “We see a valuable opportunity here to work together to develop and bring to the market innovative trade finance solutions.”

News of the transaction was covered by: Banking Technology, Bitcoin Exchange Guide, BlockTribune, CMTFile, Coin Speaker, Coin Telegraph, CoinDesk, Der Treasurer, Disruption Banking, Financialit, FinExtra, Fintech Finance, FinTech Futures, Global Treasurer, Global Trade Review, Ledger Insight, The Paypers, TokenPost, Trade Finance Global, TRF News, TXF, TXF tracker (behind paywall), & Yahoo

Leveraging technology to bridge the efficiency gap in transaction banking: BNY Mellon writes for Banker Middle East

Technology is evolving at a rapid rate, presenting banks with opportunities to enhance transaction processes and deliver real added-value to clients. In Banker Middle East, Bana Akkad Azhari, Head of Relationship Management CIS & MEA, Treasury Services, BNY Mellon, discusses the fintech appetite in the Middle East, and how collaboration between local banks, global banks and fintechs can provide banks with access to the technology initiatives they need to modernise their services.

To read the full article, please click here

BNY Mellon discusses fintech’s growing role in the Middle East in Gulf Business

Fintech activity in the Middle East is building considerable momentum, with increasing demands from corporate clients and consumers for better transaction services a key factor driving this change. In Gulf Business, Bana Akkad Azhari, Head of Relationship Management CIS & MEA, Treasury Services, BNY Mellon examines how innovative technologies such as robotic process automation, artificial intelligence and blockchain could help to enhance existing processes, and allow banks to meet the ever-real need across the Middle East to deliver quick, efficient and transparent banking solutions.

To read the full article, please click here

Senior appointments within Natixis covered by the specialist press

Natixis recently announced several senior appointments:

 

  • Stéphane Honig is appointed Head of Strategy and a member of the Executive Committee effective February 11, 2019. He joins Natixis with over 20 years of banking experience.
  • Stéphane About is appointed CEO, Corporate & Investment Banking (CIB) EMEA (excluding France), effective March 01, 2019. He is currently CEO, CIB Americas, and remains a member of the Natixis Executive Committee.
  • Olivier Delay is appointed CEO, CIB Americas, effective March 01, 2019. He is currently Global Head of Real Assets, CIB, and remains a member of the Natixis Executive Committee.
  • Anne-Christine Champion is appointed Global Head of Real Assets, CIB, effective March 01, 2019. She is currently Global Head of Distribution & Portfolio Management, CIB, and remains a member of the Natixis Executive Committee.
  • Isabelle Reux-Brown is appointed Global Head of Distribution and Portfolio Management, CIB, and a member of the Natixis Executive Committee effective March 01, 2019. She is currently Global Head of Human Resources for CIB.
  • Alain Bruneau is appointed Global Head of Compliance at Natixis and member of the Executive Committee effective March 18, 2019. He is currently Head of Compliance, CIB.
  • Stéphane Morin is appointed Deputy CEO, CIB Americas, effective March 18, 2019. He is currently Global Head of Compliance for Natixis.

The news was covered by: IJ Global, TXF, IFRInvestment Europe, S&P Market Intelligence, Finnews Asia, Risk.net, Global Capital.

 

Natixis’ Global Head of Equity Capital Markets, Eric Arnould, discusses outlook on the IPO market in Bloomberg interview

In an interview with Bloomberg, Natixis’ Global Head of Equity Capital Markets (ECM), Eric Arnould, discussed outlook on the ECM market for 2019.

Speaking with the publication, he explained that global equity volatility is set to continue next year, with the first quarter likely to be rather quiet for equity deals.

 

To read the full article, please click here.