As the APAC region solidifies its global trade leadership, banks gain an opportunity to serve new finance needs as long as they make needed technology and process changes.
TFG heard from Finastra and Cognizant discussing trade and supply chain trends in Asia for 2020. Accounting for half of global GDP, what are the biggest challenges that lie ahead?
TFG have created an interactive periodic table of projects, consortia, networks and companies in blockchain and DLT for trade finance
Tokenization is a concept with the potential to solve many trade financing problems that exist for business. TFG heard from Crowdz CEO Payson Johnston.
The Letters of Credit (LC) process is perhaps one of the more recognisable elements of trade finance that needs innovation. TFG spoke to Carl Wegner, CEO of Contour to find out more
TFG heard from crpyto expert Oliviere Depiere on the future of money in its cryptographic and legal dimension fully backed by the State, that is, in the present case, by the Swiss National Bank.
TFG spoke to Olena Gryniuk at SME Banking Club to explore these in relation to CEE.
TFG spoke to Global Trade Solutions CEO on the potential for DLT to help alleviate issues around port congestion in the shipping industry.
Macro uncertainty continues to be a key factor impacting growth as we continue to see a slowdown in trade flows. TFG spoke to BofA’s APAC team
Recent trade developments with the US and China had accelerated a trend of companies in the South-East Asian region
TFG heard from Leumi UK’s Gil Karni and Yifat Oron, on the four top trends predicted for 2020
We caught up with Peter Jameson, Head of Trade and Supply Chain, Asia Pacific in Bank of America. We discussed the highlights of 2019 and the opportunities in 2020 for the trade, receivables and supply chain finance. There will be continued pressure on trade flows, with reduced volume, commodity prices, and financing demand. Despite this, Asia Pacific’s growth prospects remain favourable as compared to other regions. Businesses continue to seek growth and focus on further developing their banking needs in the region.
We discussed with AIG some of the challenges and opportunities in the trade credit insurance sector. Enabling the much-needed reduction of the trade finance gap, and bringing in a wider array of investors while mitigating the risks of such expansion in the backdrop of geopolitical uncertainty will be a huge challenge in 2020. However, dealing with a broader collection of participants in the trade finance ecosystem in terms of jurisdictions, size of the borrower, types of assets and fintech entrants set us up for interesting times.
Envoy Group, the innovative London based supply chain and trade finance team, is accelerating its expansion following a $13 million institutional investment committed from Alcedo Digital Ventures. With its end-to-end solution focused on Latin American trade, the company can now process significantly greater trade volumes and launch new functionality, including the NVOY Stellar based tokenised payment solution for frictionless and zero cost payment of cross border trades and related services.
As the most authoritative voice in the trade finance industry, ICC Banking Commission, maintains a permanent dialogue with regulators and supervising bodies, helping to develop regulations affecting the industry.