It’s all about the Trust – The Role of eIDAS in International Trade and Trade Finance

For many banks, Trade Finance is a sizeable contributor to both their Fee and (NII) Net Interest Incomes. From simple products like Letters of Credits and SBLCs, to complex Structured Trade Finance products – banks play a key role in greasing the cogs of the international trade machine. The reason these products exist is two-fold. Firstly, it is about financial leverage in the form of short-term working capital. But more than that – it is about creating trust.

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eIDAS, PSD2 and The Digitization of International Trade

 Imagine a scenario where a small company is importing a million dollars’ worth of goods for local distribution. A signature mismatch in one of the shipping or trade financing documents is raised as an exception and the whole transactions gets delayed. The goods sit at the port incurring demurrage and other charges, the supply chain is disrupted, the distributors don’t have the goods that they have pre-sold, the financing charges continue to ramp up and a profitable trade has now turned into a nightmare!

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Secure Transactions with eIDAS

Under eIDAS, the EU aims to facilitate cross-border digital transactions and pave the way for a Digital Single Market. Qualified electronic signatures and seals play a decisive role with this goal. Thanks to eIDAS, users can obtain both as a service via remote signing/sealing as well. How do users benefit from it? And what do trust service providers need to implement?

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Trends and observations from RSA Conference San Francisco 2019

As one of the world’s largest and highly-regarded cybersecurity conferences, the RSA Conference has steadily grown from its original form as a phone conference in 1991. Known as the RSA Data Security Conference, its first in-person event drew more than 200 attendees. Today, simply known as the RSA Conference, its events have spread over the globe in addition to their yearly San Francisco conference.

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How high-trust industries are benefiting from e-signatures

We often talk about the benefits of e-signatures for businesses. There are some that apply to every organization, such as the cost and efficiency benefits, but there are certain industries that experience more advantages than others from the switch to e-signatures.

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Crypto agility - How to determine your timeline for post-quantum preparation

There is a significant uncertainty when it comes to the impact of quantum computing on modern cryptography. Perhaps the largest concern centers on just exactly when the quantum cryptography apocalypse will occur. While there are flurries of activity surrounding both the development of stable quantum computers and the cryptography algorithms that can withstand them, many are operating on what is at best a "loose" timeline. To help you on your journey to crypto-agility, let's take a look into how to determine your timeline for post-quantum preparation.

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The Gateway to SEPA

The Single Euro Payments Area (SEPA) is a collection of 34 countries in Europe with over half a billion customers and 23 million businesses. As far as markets go, this one is one of the biggest and most lucrative for financial services firms of all sizes. European, American and Asian firms are all competing for a slice of the pie and winners are the ones who are willing to innovate.

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European FinTech Innovation and Opportunities

2018 was the year when BigTech companies like Google, Apple and Amazon made deep inroads into traditional banking domains. Additionally, a lot of newer FinTech start-up companies also joined the fray and expanded heavily across Europe, Asia, Africa and North America.  It was also the year when blockchain tech began to be adopted by mainstream companies who realised its potential outside of its previous exclusive use in cryptocurrencies.

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Innovation in Payments – How Lithuania is leading the way

In December 2018, Google received an e-money license from the Central Bank of Lithuania. This will allow Google to process payments and issue e-money throughout the EU. Prior to this, Google Pay had limited authority and used to save customer card details in a digital wallet and use that for payments. Now, they can store and transfer funds directly.

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