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Let’s forget about technology, about open banking, cloud and APIs; let’s talk about generating value, about enabling customers to drive growth, about facilitating a more inclusive, efficient and enhanced service, to banks and in turn to bank’s corporate customers. Let’s use open banking as a means to open up trade finance, to make it more accessible to those smaller businesses who may not previously have had the means.

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In terms of trade finance there is significant impact resulting from the decommissioning of this rate. So why - if it plays such a critical role in global markets – is the sun going down on LIBOR? We explore the reasons for the change and how the pace of transition is accelerating fast. We are ready for the LIBOR sunset and we want to ensure you are too!

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The need for trade finance digitization has never been clearer. In today’s pandemic-ravaged landscape, banks face multiple challenges, including the legislative shift to digital trade documents and growing regulatory scrutiny, changing customer behavior and increasing competition in the form of trade finance investment funds. In light of these challenges, it’s essential that banks embrace the opportunities brought by digitization...

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Due in November, SWIFT’s upcoming SR 2021 release is set to bring some significant changes to trade finance messaging standards - specifically those relating to guarantees/standby letters of credit. But while the new standards do have cost implications for banks, it’s also important to understand that the transition needn’t result in sunk costs. Instead, there is an opportunity for banks to leverage the changes as an effective way of improving customer service and driving growth.

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What is supply chain finance? Late payments and cash flow bottlenecks are two of the biggest factors behind supply chain breakdowns and poor supplier performance. Not only can they damage supplier-buyer relationships, they can affect other supplier relationships along the chain causing disruption and incurring costs. Supply chain finance is ultimately about facilitating the movement of capital to help manage risk across the chain, while limiting disruption and streamlining transactions.

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As cloud adoption continues to gain pace across all industries, banks are increasingly seeing the value. Recognizing that the benefits are outweighing the risks, they have begun moving away from their legacy IT infrastructures and are achieving significant results in the process. There have been some important moves recently with notable deals between cloud vendors and major banks which are now changing the face of cloud adoption, particularly in the world of global trade finance.

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