Digital Innovation in Trade Finance - Have we reached a tipping point?
(WorldNews Belgium)

The Boston Consulting Group (BCG) published a white paper, to which SWIFT contributed, on digital innovation in the area of trade finance. Trade finance has lagged other financial services in moving from paper to digital. The number of players and stages in the trade transaction flow did not help to standardise processes: up to 20+ entities can be involved in a trade transaction (e.g. importer, exporter, importer`s bank, exporter`s bank, shipper, freight forwarder, customs...