Vinay Mendonca, Chief Growth Officer, Global Trade and Receivables Finance at HSBC, sat down with Deepesh Patel at Sibos Toronto to discuss these shifts and how they are influencing trade finance.
Vinay is responsible for setting and executing HSBC’s growth strategy for its trade, receivable and supply chain finance business. HSBC is the world’s largest trade bank facilitating more than USD800 billion of trade annually through 5,000 trade specialists in 56 markets. Vinay and his team work with the largest global corporates and FIs and their buyer/supplier ecosystems to structure solutions and programmes that facilitate commerce across the globe. Under Vinay’s leadership, HSBC is driving the digitisation of trade to facilitate more resilient and agile supply chains. HSBC is forging public and private partnerships to accelerate digitisation, embed Trade as a Service on new venues and platforms and to develop sustainable trade finance solutions.