The 2024 CGI and BAFT Trade Technology Survey provides insights into how financial institutions navigate these changes and plan for the future. The survey reveals the strategic priorities and challenges which banks face and offers a comprehensive view of their adaptation strategies. 

The potential of this richly diverse region is vast, and as recent developments show, this potential is being adeptly fulfilled. As this edition will demonstrate, it is crucial to monitor trade finance developments in Africa and the Middle East, as they will likely inform the industry’s trajectory across the world.

India introduced digital Trade Receivable Discounting System (TReDS) platforms in 2017 to help SMEs overcome late payment issues, with three licensed entities expected to reach $25 billion in throughput by FY 2024-25.

ABN AMRO Bank has gone live using Commercial Banking Applications AS (CBA)’s IBAS to help combat financial crime.

Toronto, 30 July 2024 – Surecomp® today announced a new collaboration with Visa, a world leader in digital payments.

Exploring the evolution of trade finance in the fourth industrial revolution. Learn about the impact of technology and advancements on the financial system.

Learn about ITFA’s Fraud Working Group and their efforts to combat cross-border fraud in trade finance.

HSBC has introduced its new e-commerce digital payment platform, Omni Collect, in the UAE in collaboration with Saudi-based FinTech company, Geidea.

Discover the relationship between digitalisation, legislation, and international trade. Explore the impact of the Electronic Trade Documents Act (ETDA) in the UK.

Standard Chartered partners with Visa for efficient cross-border payments. Find out how this network simplifies B2B transactions and reduces costs.