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

Sameer Sehgal at Business Unplugged by 360tf

Sameer Sehgal at Business Unplugged by 360tf

Watch for an insightful session with Sameer Sehgal at Business Unplugged by 360tf! In this exclusive event, Sameer Sehgal, CEO of Traydstream, shares his invaluable knowledge and experiences in trade finance.

Digital Transformation: How It Impacts Us

Digital Transformation: How It Impacts Us

Digital transformation is revolutionizing the operations of Corporates and Banks, enhancing efficiency and transparency. Here’s an in-depth look at how it significantly impacts operational processes and the challenges it presents, particularly in foreign trade....