Issue 01 . Jan 2022
This issue of Trade Finance Talks examines the intersection of traditional practices and technological advancements in trade finance. The industry, rooted in age-old methods like the bill of exchange from the Middle Ages, faces pressure to modernise. COVID-19 highlighted inefficiencies in shipping, banking, and sustainability, prompting a reevaluation of these processes. This edition examines the evolution of the payments industry, now driven by the demand for 24/7 real-time transactions and innovations. Digitisation has enhanced payment accessibility and efficiency, benefiting SMEs and emerging markets. However, it also brings challenges, such as data sharing concerns and fraud, with tactics like double financing. The issue also addresses the vital role of freight and forwarding within the trade finance ecosystem and the broader impact of macroeconomic factors on supply chains. Lastly, the edition discusses the intertwining of compliance and climate-conscious practices, suggesting that enforcing standards could be crucial for the future of trade finance.
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