Tag "trade finance"
Banks View Digitising Trade Finance as a Top Priority
Around the world, banks are reconsidering their trade finance business model, viewing digitalization as one of the most important trends that will shape the industry in the coming years, according to a new survey. The International Chamber of Commerce (ICC)
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Asian Development Bank Report Suggests That Blockchain Can Help SMEs Gain Funding
Digital innovation and in particular blockchain technology can increase small business access to finance, according to a new study by Asian Development Bank. In a report, titled Fintech for Asian SMEs, ADB explores how technologies such as distributed ledger technology
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Blockchain in Trade Finance: Arguably the Hottest Banking Trend Right Now
In the journey to digitalizing trade, blockchain and distributed ledger technology (DLT) have emerged as powerful technologies promising to bring tremendous new opportunities for trade finance. At the 2018 Singapore Fintech Festival, experts discussed the many opportunities that blockchain brings
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The Potential of Blockchain for Trade and Value Chains
Distributed ledger technologies (DLT) are set to play a critical role in reducing the worldwide trade finance gap, lowering barriers and improving processes, according to a new study by the World Economic Forum (WEF) and Bain & Company titled Trade
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Blockchain to Improve Trade Finance
Trade finance, where financial institutions provide credit facilities in order to guarantee exchange of goods, is a centuries old industry that is hampered by challenges such poor customer experience, increasing cost pressure and substantial regulatory burden. With its manual, cumbersome
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Fintech Logistic Startups Seek to Provide Greater Efficiency in Supply Chain
Supply chain and logistics tech companies are gaining momentum with over US$8.3 billion in venture capital having been injected into the sector since 2012. Supply chain and logistics tech companies are those that use software to improve efficiency across the
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