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In a recent webinar by Bankers Association for Finance and Trade (BAFT), Surecomp’s Enno-Burghard Weitzel and Paul Warfield from Huntington National Bank discussed how banks can future-proof their compliance requirements - and address talent retention challenges - with digital trade finance.
Read moreAt the start of the summer, Surecomp hosted an event to raise awareness of the benefits of ‘collaborative trade finance’ in Utrecht, Netherlands. It was an opportunity for Dutch corporate treasurers to hear the latest industry trends in digital trade and to hear from multinational logistics firm Vanderlande about their journey with Surecomp’s RIVO platform.
Read moreThe potential impact of the UK’s just approved Electronic Trade Documents Bill goes far beyond a boost to the country’s trade prospects. By enshrining in law that a digital document is equivalent to physical paper, the reform means that counterparties can issue and process documents electronically by default, - and with UK law acting as the basis for trade transactions across much of the world, the opportunity for transformation is unprecedented.
Read moreThe compliance burden on US trade finance lenders has never been higher. For several years, banks have grappled with a gradual escalation of rules and requirements to prevent financial crime, coupled with the threat of tough enforcement action. In the past year, the introduction of sanctions against Russia has upped the stakes further.
Read moreAfrica is growing its reputation as a hotbed for technological innovation, while shifting supply chains and economic diversification efforts are opening exciting new opportunities for trade. However, access to trade finance facilities remains a long-standing challenge, particularly for the continent’s vast number of SMEs. Digitizing processes and documents could prove a much-needed catalyst for bringing African trade into a new era.
Read moreThe world of trade finance has long been a bastion of traditional processes and systems, with many institutions relying on time-tested approaches and a web of interconnected relationships. However, as the global economy becomes increasingly digital and interconnected, the need for banks and corporates to adapt and transform their trade finance operations has never been more critical.
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