The Journey to Trade Finance Transformation

The fundamentals of global trade are changing and will have direct impact on every bank’s trade and supply chain finance business. Trade finance operations are historically characterized by manually intensive and mostly paper-based processes. To reduce the inherent inefficiencies and costs, corporate users understand that they must adopt more automated and digitally enabled solutions. Consequently, their banks, in combination with technology partners, must be capable of transitioning from the vision of a digitalized trade finance ecosystem to the reality of software applications, an underlying infrastructure architecture, and a governance model that allow corporate users to access trade finance products and services as expected.