The digital transformation of the banking operations of guarantees and documentary credits to shift from the paper-based and labour-intensive models to a digital trade ecosystem.
The need for trade digitization has never been more prevalent than it is today, especially with pandemic-induced restrictions emphasizing the inefficiency of paper-based trade. Our Editor, Deepesh Patel sat down with Contour’s CEO and Chief Product Officer, as well as TradeLens’ Head of Strategy and Operations, to discuss how fintech can come together to partner to solve these problems.
It’s easy to think that having to adapt to external circumstances will have a negative impact but many firms have used this opportunity to re-think and reset processes, and actually improve how they operate.
A session by Loh Sin Yong from Infocomm Media Development Authority (IMDA) at TXF’s Global Trade Virtual 2021, explored one potential solution to the now highly paper-reliant trade.
SWIFT’s upcoming SR 2021 release is set to bring some significant changes to trade finance messaging standards – specifically those relating to guarantees
Oswald Kuyler, Managing Director of ICC DSI talks to TFG about promoting digital trade, harmonisation and trade standards.
TFG / SME Finance Forum exclusive, with Marcus Wallenberg, B20 Saudi Arabia, on the future of trade in the form of e-commerce and sustainable trade.
A TFG / SME Finance Forum exclusive B20-Business at OECD joint interview on reducing barriers that SMEs in particular encounter in their quest to participate in Global Value Chains (GVCs).
Simplifying and standardising trade finance faces a myriad of challenges but is necessary to enable open, secure trade finance. I caught up with Harri Rantanen at SEB to find out more about the objectives and mission behind Standardised Trust.