Prepare for the electronic trade documents bill

The electronic trade documents bill is coming soon. Find out what it means for digital trade finance and how you can use technology to accelerate digitalization now.

We live in an increasingly digital world. However, trade finance is still relying on physically transporting paper documents.

With around 4 billion paper trade documents in circulation, the costs of printing, storage, retrieval, scanning, and mailing add up significantly. This is before you factor in the costs involved with fraud risk, errors, environmental impact, and the lack of efficiency from manual processing.

Join our upcoming webinar with speakers from Finastra, Enigio, and Lloyds Banking Group. Our expert panel will discuss how new legislation will accelerate digital trade and how technology now aligns with market practice and legislation. We’ll look at examples from the market on how to digitize without needing to change current processes, systems, and business practices. Then, we’ll provide alternatives to the platform approach and how to digitize from the bottom up. Finally, we’ll tackle the practical next steps banks can take to accelerate digitalization.

Key takeaways:

• The landscape today and why change is happening at great speed
• The challenges facing trade finance
• How banks and trade financiers can digitize global transactions effectively
• Practical next steps