The financial services industry (FSI) has changed dramatically over the past decades due to technological developments in telecommunications, information technology, and financial practice.
2022 was a year of seismic and rapid changes for international trade and trade finance. War in Europe, COVID-19, and inflation created unimaginable disruptions in the industry. This dynamic phase is creating opportunities and gives way for new entrants in the ecosystem.
The digitisation of the trade finance industry has brought considerable change to the market in recent years.
Emerging technology and innovation create distinct hierarchical structures such as real-time data on volume, velocity, variety and value of trade that can improve the quality of sustainability reporting principles.
Twenty years ago Asia had a 12% share of the global factoring market. Today that share is 25%.
In this article, FCI’s Lin Hui looks at factoring’s two decades of steady growth in Asia, and where the industry goes from here…
A group of central and commercial banks has successfully tested the integration of wholesale central bank digital currencies (CBDCs)