International Chamber of Commerce hosted their Annual Trade & Supply Chain Finance Conference at The London Institute of Banking & Finance.
The conference explored challenges between the global trading economy & the banking industry’s ability to meet demands for trade finance.
The banking sector are working together to make trade finance better and more accessible, particularly to SMEs, whilst leveraging technology to their advantage in assessing risk.
Trade is no longer about ships & planes but more about digital and services. Politics is interfering with economics in a negative state, causing global uncertainty resulting in difficulties for SMEs.
Trade finance is now ecosystem based, through complex supply chains.