The digitisation of trade finance is a work in progress and still in its early days. Banks must ensure that they are flexible in both adapting to and driving innovation.
As more smaller businesses follow the multinationals and move outside of their home market, the problem of trapped working capital is increasingly common.
Two decades into the 21st century, international trade still relies heavily on paper documentation. IT entrepreneur Roberto Capodieci believes that blockchain is set to transform the process and shake up supply chain finance.
Small and medium-sized enterprises (SMEs) and African countries are feeling the biggest impact, reports the International Chamber of Commerce.
Forecasts for 2016-2020 place Africa as the second fastest growing region in the world (at a compound annual growth rate (CAGR) of 4.3%), just below Emerging Asia.
The letter of credit transaction used blockchain technology on a system devised by tech start-up Wave.
The two banks and the Infocomm Development Authority of Singapore have developed an app for Letters of Credit transactions to be executed via blockchain.
Merger and acquisition activity has boomed in recent years as many companies used their accumulated cash piles to finance strategic deals. Although treasury plays a key role in successful M&A transactions, its contribution can often be misunderstood or underappreciated.
Traditional investment management has been steadily transformed by sophisticated financial technology and the launch of crowdfunding platforms promises to accelerate the process.
The third annual ‘Receivables Finance and Alternative Capital Seminar’, hosted in London recently by law firm Reed Smith and BCR Publishing, offered insights from receivables financing platforms, banks and alternative investors into how this market is developing.