Latin American banks pioneering digitalisation of trade finance

By Olivier Paul, Head of Policy at the Banking Commission Paperless trade is the future of trade finance. At least that is one of the key takeaways from the ICC’s 10th Global Survey on Trade Finance, with results indicating that over 60% of respondents are moving towards further digitalisation of their trade finance offerings. Encouragingly, the survey, which gathered thoughts from 251 banks in 91 countries, included its highest participation rate from Latin American banks. Some 12% of participants are based in the region, up from only 8% participation in the previous year’s report. Results from the region were particularly compelling, with a clear focus on the development of digital trade and emerging technologies, despite the new challenges this transformation […]

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related

Barbados, a groundbreaker in international agenda proposals and energy transition goals

Prime Minister Mia Mottley is behind the recent rise...

The roadmap for new policy-making: a conversation with the Executive Secretary of ECLAC. 

Although unthinkable, the pandemic brought something good. “It moved...