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Trade Finance
Disrupting Fintechs are paving many ways to give newer and momentous trade finance solutions for agile “banking-logistic” preposition befitted in current global sailing goods and cross broader regulatory paperwork’s and well paralleled by funds movement with secured and technologically driven financial transaction platform.
Trade finance the $10 trillion dollar buttresses which uphold the $18 trillion trade market. Historically speaking, banks have been the ideal facilitators for international trade, providing payment channels and financing both buyers and sellers, but recent developments are putting pressure on traditional systems and forcing even the most sophisticated of legacy players to look for new solutions.
Though traditional methods continue to function, events show them to be gradually diminishing in efficiency, creating a chasm of unmet demand which is reported to be around $1.5 trillion.
From quick, immediate updates to long-term applications which require sustained research, reliance on antiquated manual processes and digitizing key trade documents, like Letters of Credit (LOCs), to reduce cost and improve efficiency. Others are looking to replace the process altogether with longer term applications of distributed ledger technologies (DLTs).
Trade financing, where financial institutions provide credit facilities in order to guarantee exchange of goods, is a centuries old industry that hasn’t seen much change with the growth of global trade flows. Trade Finance can operate leveraging a Block chain based infrastructure to drive efficiencies, reduce cost base and open up new revenue opportunities, like newer models of credit and funding guarantees backing the trade.
Author is a Fin-tech entrepreneur having excellent track record of over 20 years of banking and financial industry in U.A.E, Saudi Arabia and India. Wide-range of experience in Corporate & Wholesale Banking, Treasury, Investment Banking, Funds, Corporate, Commercial, Credit, Cash, Trade Finance, & Islamic Operations.
Outclass expertise in Products & Regulatory Controls, Risk Management, in “Business Modeling” focused on bespoke client products along with technology adoption. Proven in-depth understanding of micro/macro financial market econometrics, Offshore, Cross Border Banking and Legal Barriers.
Major Strengths:
• Debt & Asset Management
• Treasury, Investment & Funds
• Credit Management & Product Development
• Structured products and Restructuring
• Hedging and Derivative Markets
• FinTech & Reg Tech Advisory
Expert in Regional/Global Regulatory operational management having exemplary accolades in Islamic Banking with high end achievements in structured products.
Expertise in Global Intelligence, Value Research, Product Development & Processing, projects related to current global disruptive technological changes & its adaptation through FinTech Landscape – micro/macro.
Author is a Fintech Writer, Market Researcher, Speaker & Panelist in various International Banking & Technology Forums: Terrapin, Clear stream/Euroclear, Fleming, BII, Allan Lloyds, Trescon, Alpha-one, PWC, Finastra Universe - Misys-Connect etc.
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