Reshaping Trade Finance in Africa – Webinar of 7 July 2021

Reshaping Trade Finance in Africa – Webinar of 7 July 2021

Traydstream invited representatives of Co-Operative Bank of Kenya and ABSA Bank Kenya to discuss on-going technology developments in trade finance in Africa. Dayo Fagade, a member of the Traydstream team introduced the session and the panelists as follows: Dorcas Mugambi, Head of Wholesale Banking, Co-Operative Bank of Kenya Lydia Wangari Karanja, Director, Transaction Banking, ABSA Bank Kenya Jerry Shikhule, Global Origination Lead, Traydstream Moderator: André Casterman, Chair Fintech Committee, ITFA The debate delivered the following key messages: Digitization has become a key mechanism for SMEs to access trade finance. It therefore helps address the trade finance gap that remains huge at both global and African levels The pandemic has accelerated the adoption of digital trade finance solutions by SMEs and corporates; digitization is therefore becoming a pre-requisite for banks to operate in trade finance Digitization is at the core of most trade finance banks and their operations. It therefore covers the full transaction cycle from transaction initiation in the front office to processing in the back office Digitization enables banks...
Read More