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  • Democratising The Trade Finance Process Through Digitalisation

    The World Trade Organisation (WTO) estimates that 80–90% of world trade relies on trade finance. It is a mechanism that not only ensures security between importers and exporters but can also extend a line of credit to companies desperately needing cashflow to get their operations moving.
    Pandemic disruptions, political upheaval and currency fluctuations have made companies more nervous to trade internationally.

    “With every crisis, trust among the participants goes down and that’s when you reconsider the risk that is involved in open account transactions,” says Enno-Burghard Weitzel, senior vice president of Strategy, Digitalisation and Business Development at Surecomp.

    “The more insecure these financial flows to physical supply chains are, the more you want to secure them with a guarantee” from trusted financial intermediaries. Unfortunately, trade finance has not always been a straightforward solution due to an excessively manual process, and a lack of access to smaller corporates who might not have the know-how to get the best deals.

    Read more: https://ngulminthanglhanghal.wordpress.com/2023/05/22/democratising-the-trade-finance-process-through-digitalisation/

    #tradefinance #WorldTradeOrganisation #Digitalisation #Democratising #supplychains #Surecomp #NgulminthangLhanghal
    Democratising The Trade Finance Process Through Digitalisation The World Trade Organisation (WTO) estimates that 80–90% of world trade relies on trade finance. It is a mechanism that not only ensures security between importers and exporters but can also extend a line of credit to companies desperately needing cashflow to get their operations moving. Pandemic disruptions, political upheaval and currency fluctuations have made companies more nervous to trade internationally. “With every crisis, trust among the participants goes down and that’s when you reconsider the risk that is involved in open account transactions,” says Enno-Burghard Weitzel, senior vice president of Strategy, Digitalisation and Business Development at Surecomp. “The more insecure these financial flows to physical supply chains are, the more you want to secure them with a guarantee” from trusted financial intermediaries. Unfortunately, trade finance has not always been a straightforward solution due to an excessively manual process, and a lack of access to smaller corporates who might not have the know-how to get the best deals. Read more: https://ngulminthanglhanghal.wordpress.com/2023/05/22/democratising-the-trade-finance-process-through-digitalisation/ #tradefinance #WorldTradeOrganisation #Digitalisation #Democratising #supplychains #Surecomp #NgulminthangLhanghal
    NGULMINTHANGLHANGHAL.WORDPRESS.COM
    Democratising The Trade Finance Process Through Digitalisation
    Trade finance offers exceptional growth opportunities for businesses looking to trade internationally, but has sadly lagged behind other services due to its complicated nature and high barrier to e…
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  • # Global Risk Analytics Market
    Risk Analytics Market Research Report
    The Risk Analytics Market looks propitious over the forecast period. The acceleration in several cyber attacks, counterfeit attacks and data violations across different enterprises because of the increasing trend of digitalisation and surge in government managerial norms will drive the market share.
    For Additional information, Click to Access Complete : https://gmiresearch123.blogspot.com/2021/11/risk-analytics-market-by-geography.html
    # Global Risk Analytics Market Risk Analytics Market Research Report The Risk Analytics Market looks propitious over the forecast period. The acceleration in several cyber attacks, counterfeit attacks and data violations across different enterprises because of the increasing trend of digitalisation and surge in government managerial norms will drive the market share. For Additional information, Click to Access Complete : https://gmiresearch123.blogspot.com/2021/11/risk-analytics-market-by-geography.html
    Risk Analytics Market by Geography – Opportunities and Forecast, 2019-2026
      Global Risk Analytics Market Expansion in the Risk Analytics Market looks propitious over the forecast period. The acceleration in seve...
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