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THE DIGITAL JOURNEY IN TRADE FINANCE

August 14, 2018

Trade finance powers international trade and is vital for turning the wheels of global commerce. However, challenges still remain in mitigating risks and improving operational efficiency. The greatest challenge in trade finance is the significant operational cost and risk involved in the paper-intensive transactions. Efforts to digitalise highly manual solutions started decades ago, and there have been attempts by both industry players and banks to deliver new solutions to digitalise various parts of the trade finance value chain.

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