Blog

The trade finance landscape experienced a notable turning point towards digital adoption in 2024, with financial institutions and corporations recognizing its strategic importance. Historically burdened by paper-heavy processes and fragmented systems, the trade finance sector is now embracing digitization as an essential rather than an optional tool.

Before we dive into the trade finance transformation that Generative Artificial Intelligence (AI) can bring, let’s review it from a wider perspective.

The digitalization of trade finance has the potential to significantly enhance corporate competitiveness. Innovation is not limited to products or services; the digitization of trade finance is now a critical lever for improving overall performance. Simplifying operations, standardizing and automating processes, managing risks, and increasing transparency are some of the major challenges European companies face today - particularly for their treasurers.

The pandemic, subsequent supply chain shortages and the escalation of the Russian/Ukraine conflict followed by the war in Gaza, have refocused attention on supply chain resilience.

In today's fast-paced global economy, businesses face significant challenges in managing trade and supply chain finance, from complex manual processes to a lack of visibility over credit lines and liquidity. This blog explores how trade finance automation can simplify these operations, reduce risk, and improve efficiency.

Known for its strategic location and robust infrastructure, The Netherlands has long been recognized as a pivotal player in global trade. One of the largest exporters of agricultural products globally, the country’s efficient agricultural supply chain and innovation in food technology have enabled it as a key exporter of flowers, vegetables, dairy products, and meat. It is also a major player in the chemical, pharmaceutical and industrial machinery sectors. A significant exporter of refined petroleum products, the country is also investing in renewable energy technologies, making it a key player in the future energy landscape.