Trade Finance: How can Local and Regional Banks Compete with International Banks?
Get to know how Finastra is discovering capabilities of trade finance technologies
The term digitization is also used to describe the transition from paper to electronic documentation. However, it covers a far broader range of digital technology application uses in trade. To improve trade finance, blockchain, Al, trade networks, and other technologies are being used.
Many banks, however, are baffled by the speed of digitalization, the application of technology, and the investment required to keep up with the rate of change. Is it really realistic for small and regional banks to compete with the investment and resources available to today's largest multinational players in trade finance?
Smaller banks can now build trade finance solutions more successfully than ever before, thanks to their capacity to deploy technology fast, at scale, and in a way that is ready to meet the needs of corporations in the future.
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