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

Why alignment matters in Digital Trade

Goods move across borders, payments follow their own routes, documents are checked and re-checked, yet the processes that hold everything together rarely draw. When they work, they disappear into the background. It is only when something falters that their complexity...

Driving consistency in Trade Finance

Trade finance has always depended on systems that, for the most part, are relatively unnoticed. Documents arrive, are examined, accepted or rejected; payments follow; obligations are discharged. When everything works as it should, there is very little to see. The...