The digital transformation of trade finance: An urgent present and a bright future

The COVID-19 crisis arrived during a transformative period for trade finance, largely through digitisation and the emergence of new platforms.

Despite the hardship caused by the pandemic, the crisis has also reinforced a desire for banks, global institutions, and technology providers to work together.

Around the world, banks are reconsidering their trade finance business model, viewing digitalisation as one of the most important trends that will shape the industry in the coming years.

Source:- https://blogs.worldbank.org/psd/digital-transformation-trade-finance-urgent-present-and-bright-future

 

 

Recent Posts

The 12 Days of Trade Finance

The 12 Days of Trade Finance

The 12 Days of Trade Finance (To the tune of “The 12 Days of Christmas”) On the first day of trade finance, Traydstream gave to me, A platform that’s seamless and AI-powered, you see. On the second day of trade finance, Traydstream gave to me, Two document checkers,...

Embracing the Future: Putting It All Together!

Embracing the Future: Putting It All Together!

We have quickly covered many topics in the past 6 blogs.  I hope this has been helpful.   Let’s use this final blog in the series to summarize it all and be ready to keep moving forward in  2025 and beyond.   The next three years demand massive changes in the...