TFG heard from Iain MacLennan, VP Trade & Supply Chain Finance, Finastra on how blockchain and DLT can close in the trade finance gap experienced by SMEs.
Interbank and bank-to-corporate messaging remains a challenge, and whilst the industry welcomes moves towards structured data and SWIFT’s new messaging types, there are still challenges.
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?
Building any start-up into a successful business is a challenge, including tech start-ups. There was a time when tech was the most popular industry to start a business in, but thanks to this boom, there is now a lot of competition.
The crypto trading scene has changed dramatically over the past couple of years. When the 2017/18 bubble burst, Bitcoin was seen as the mad doginance world and only those who were insanely courageous, or perhaps merely insane, would go anywhere near it. Yet here we are in 2020, the waters of volatility have calmed and both individual hobby traders and institutional investors are getting into crypto trading like never before.
With the growth of major players such as Ant Financial in Asia in 2019, TFG asked Accenture’s European Banking Lead, Cecile André Leruste, on her thoughts and predictions for trade and SCF in 2020, focusing on growth coming out of South Asia.
“Look before you leap”, is how the saying goes. In stock trading, the relevance of this principle is greatly amplified. Many investors, both big and small, are drawn to stock market trading because of the positive results that it promises to bring. More often than not, the returns are quite substantial, provided you know how to play the game.
We heard from BCG’s Sukand Ramachandran on the consequences of trade wars and Brexit for global trade, and what this could mean for 2020. Will there be a downturn or disruptive shock, or will innovation and new capital help trade in the next 12 months?
Accounting is a crucial facet in every industry because it allows you to keep track of your profit and expenses. With this, you ensure that you have more money coming in rather than going out, which will prevent your business from failing.
Putting up a business typically involves complex financial processes—the kind that can be overwhelming for anyone who’s new to the field. To avoid getting into monetary troubles, it’s important that owners get all their finances ironed out right from the start.
Shop Talk: TFG spoke to VP Trade & Supply Chain Finance ahead of 2020, to catch up on what kept tech giant Finastra on their feet in 2019, as well as hearing their top predictions for technology, trade and supply chain in 2020
Investing is a particularly interesting means of generating value in the long term. Of course, some may refer to this as a refined and somewhat intelligent means of gambling, but that would be to discredit the essential work and research conducted by many investment banks or startup investment funds all throughout the country.
No matter what industry your business is working within, it can benefit from investing in an app. By opting for enterprise applications development you’ll be able to unlock countless opportunities that will help to improve the visibility of your products or services.
Bookkeeping can be a time-consuming task for small business owners, but to manage, optimize, and track your business progress over time, you will require it. Sooner or later, you will need to invest in a small business accounting system to get ready for tax time and manage your flow of finances.