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As businesses strive to optimise processes, enhance efficiency, and meet growing customer demands, the tools they use need to evolve as well. For those who trade internationally, having the most up-to-date, innovative trade financing tools and processes can mean the difference between success and failure in foreign markets. To share more about the current landscape of digital trade finance processes, Surecomp surveyed nearly 100 trade finance professionals.

Indonesia, Southeast Asia’s largest economy, is experiencing a significant transformation in its trade finance sector. This transformation is largely driven by digitization, which is reshaping the landscape of import and export businesses, boosting trade finance growth, and prompting top trade banks to innovate. As corporates demand better digital customer service, the Indonesian trade finance sector stands at the cusp of a new era.

Meet Tal Weiser, the dynamic Chief Revenue Officer (CRO) of Surecomp, a visionary leader in the financial technology space. As a seasoned professional with a wealth of experience, Tal currently plays a pivotal role at Surecomp, where he drives the growth of the cutting-edge trade finance solutions. With a background rooted in both technology and finance, Tal brings a unique perspective to the ever-evolving landscape of open banking in payments and trade finance.

We believe that sustainable global trade promotes growth and improves people’s lives. The better the world trades, the better society is, so we are on a mission to enable seamless, sustainable trade for companies of every size. But why is digital trade necessary? Why should importers and exporters be embracing seamless, frictionless, paperless trade and leveraging digital solutions to secure trade finance funding and growth?

Trade and supply chain finance are vital components of global commerce, facilitating the flow of goods and financing across borders. However, we explore here several key challenges that banks face in managing these operations efficiently and discuss how adopting a Software as a Service (SaaS) - or rather a Trade Finance as a Service (TFaaS) solution - can help overcome these challenges.

Efficient bank guarantee management is a critical line of business operating between financial institutions and their corporate customers. It involves the issuance, monitoring, and execution of bank guarantees, which are a crucial instrument providing financial security to facilitate various types of transactions, contracts and projects. However, the traditional methods of managing and storing thousands of paper-based guarantees often pose significant challenges for both banks and their clients, particularly in Australia where their usage extends far beyond the typical realms of international trade finance to much of the country’s domestic business banking too.