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.