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

Traydstream signs agreement with ITOCHU

Traydstream signs agreement with ITOCHU

Traydstream signs agreement with ITOCHU to deploy its SaaS platform to digitize and automate trade document processing  Traydstream has been mandated by ITOCHU, one of the top Japanese trading and investment companies, and has started use of its trade digitization and...

Embracing the Fundamental Shift: AI Trade Finance Redefined

Embracing the Fundamental Shift: AI Trade Finance Redefined

The integration of Artificial Intelligence (AI) in the trade finance industry has sparked a revolution, reshaping the way transactions are executed, risks are managed, and investments are made. Among the many applications of AI, AI in trade finance stands out as a...

The Best of Trade at Traydstream!

The Best of Trade at Traydstream!

The UCP 600 (Uniform Customs & Practice for Documentary Credits) is a certified publication issued by the International Chamber of Commerce (ICC). It includes a set of regulations comprising 39 articles that govern the international document credit practice and...

Embracing Kaizen: How Traydstream Fosters Continuous Improvement

Embracing Kaizen: How Traydstream Fosters Continuous Improvement

The pursuit of excellence is not just a goal; it's a necessity. Companies must constantly adapt, innovate, and improve to stay competitive. One philosophy that has proven instrumental in achieving this continuous improvement is Kaizen, a Japanese term meaning "change...