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4 Things to Watch for in the Trump Administration

In Financing, KYC, regtech, Regulation by VendorMach

Global Trade Spend Increase As was reported recently, the Trans Pacific Partnership (TPP) is now dead. What does it mean for the supply chain? It means, if you are a US business with some business operations overseas, expect increased supplier spend. You may need to offset new law that will come into place by diversifying the risk with local suppliers for non critical operations. Less Taxation, More Jobs? There is talk of increased repatriation of multinational funds sitting in foreign markets. As much as $2.6T is stashed abroad and they have been there for a while (current 35% tax not an incentive …

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Brexit and Trade Finance

In Cross border, Financing, Invoices, SMB by VendorMach

The pound hit 31 year lows against the US Dollar on Friday October 7 at $1.18/£. For exporters, good news in the short term. British Prime Minister Theresa May confirmed she will steer the country to a hard-Brexit, meaning opting out of the European single market to preserve immigration quotas. “While a weaker currency can give exporters a boost, those advantages can disappear when the slide is as fast and disorderly as sterling suffered last week, according to Nomura Holdings Inc.” Trade finance: Short to mid term solution Will trade finance offer a solution to fledging exporters as the currency sinks further? UK exporters looking …