With the passing of the UK’s Electronic Trade Documents Act (ETDA), the digital trade world is changing. While this is welcomed news for the entire industry, it also means that new partnerships and innovations need to come to fruition.

The potential impact of the UK’s incoming Electronic Trade Documents Bill goes far beyond a boost to the country’s trade prospects. By enshrining in law that a digital document is equivalent to physical paper, the reform means that counterparties can issue and process documents electronically by default, – and with UK law acting as the basis for trade transactions across much of the world, the opportunity for transformation is unprecedented.

Deepesh Patel, editor at Trade Finance Global, spoke to Enno-Burghard Weitzel, SVP Strategy, Digitization & Business Development at Surecomp, in a webinar entitled “Taking trade finance digital – buy vs build.”

As we move into 2023, it will be crucial for solution providers to adapt and collaborate in order to seize the opportunities presented by digitisation for game-changing value creation.

ESG may be front-of-mind, but how can the wider implications of sustainability help different areas of trade?
While the environmental, social, and governance (ESG) agenda is clearly front-of-mind at the moment and a crucial element of sustainability, the topic is more nuanced than it might first appear.

After another tumultuous year for trade finance in 2021, the industry is set to face a number of challenges – both old and new – as we head into 2022.

Deepesh Patel, Editor at Trade Finance Global, interviewed Enno-Burghard Weitzel Senior Vice President Strategy, Business Development, Digitization, at Surecomp to discuss MSMEs struggle to access finance and how technology can be crucial to trade growth.

The trade finance space has seen a huge influx of capital in the development of fintech solutions to address some of today’s most pressing trade challenges.

The need for trade finance digitization has never been clearer. In today’s pandemic-ravaged landscape, banks face multiple challenges, including the legislative shift to digital trade documents and growing regulatory scrutiny, changing customer behaviour and increasing competition in the form of trade finance investment funds.