How do fintechs work with banks, and how can we rethink the customer journey for trade finance? TFG spoke to industry experts, in partnership with Finastra.
Fourteen leading global financial institutions have launched the Trade Finance Distribution (TFD) initiative to use technology and standardisation for the wider distribution of trade finance assets.
Trade finance has been a very slowly moving space when it comes to embracing digital innovations. However, the coin is now flipping: new data sharing technologies and ambitious plans from major trade originators provide much hope for a new trade finance landscape to emerge in the foreseeable future. Will the new trade consortia succeed to scale, and by when?