The future of digital treasury tech will bring about the death of shared services, payment factories and supply chain finance, argue Standard Chartered executives. They met with GTNews to discuss seeing a greater connection between treasury and the physical supply chain and the dramatic digital advances being seen in Asia, Africa and the Middle East.
Despite significant technological advances in recent years, many banks are being held back by legacy technology. Estimates suggest banks spend up to 80% of their IT budgets on legacy technology maintenance.
Many may think the phrase “trade finance” is really just a euphemism for financial complexity. Yet the historically paper- and manually-intensive processes are giving way to modernisation and digitisation. Pay close attention to the changes.
Before the crisis trade was growing faster than GDP. Now it isn’t, buffeted by a dangerous mix of economic and political headwinds.
The information and communications technology sector is suffering a triple whammy from slower growth, thin profit margins and fierce competition, claims Atradius.
The South Korean former container shipping giant has raised only a fraction of the amount needed since its bankruptcy nearly a year ago.
Businesses must have a broad investment portfolio and a range of trading relationships to survive in today's volatile economic climate.
Despite the country’s latest financial bailout, the outlook for Greek corporates over the next year is no better than mixed according to trade credit insurer Atradius.
Late payments were experienced by 64% of companies in 2016, a recent Coface report found.
Global trade finance demand dramatically outpaces supply by an estimated USD$1.6trn a year.