The Trade Finance drive towards digitisation
There has been unprecedented focus on digitisation of entire trade finance ecosystem across the banking industry. Countries are coming up with their digitised trade platforms and opportunities to collaborate now extend beyond the traditional trade finance players. In a fast evolving landscape, what will the future of trade look like? Will we see emergence of multiple government driven trade platforms? How do banks and corporates respond to these developments? The importance of standards and a common language for trade finance gains even more importance in these times, what is being done on that front?