TFD Initiative’s Open Access sits down with CEO of Coriolis Technologies, Rebecca Harding, as she discusses why technology is now at the centre stage of discussions around trade finance.

The Covid-19 crisis arrived during a transformative period for trade finance, largely through digitization and the emergence of new platforms. This is an area where we see an intense movement toward innovative technologies and digitization.

In fact, fintechs are now leading the product innovation heralded by rampant digitization. The digitization of trade finance not only makes it easier to satisfy administrative requirements but also enhances internal risk management systems. It will only serve to increase the size of the trade financing market.

This session shares how #fintechs are leading the product #innovation and #digitization in the trade finance space and how the digital transformation of this space will lead to the overhaul of the entire financial services sector.

Guest Speaker: Anil Gopinath, CTO, Drip Capital

Moderator: Kalpana Singhal, CEO & Chief Editor, Techplus Media Group

#tradefinance #digitaltransformation #dripcapital #bfsi #fintech #cxotechsummit #cxotv

Africa is amid a trade finance crisis set to be significant and lasting. The continent’s trade finance gap already stood at $81 billion in 2019, then as the pandemic hit, economic outflows from Africa soared above $5 billion in Q1 2020 as international banks became risk-averse in emerging economies. Now SMEs already facing cashflow difficulties amid the pandemic are confronted with an increase in letters of credit request rejections. Can pan-African banks take advantage of the international banking contraction? And can the African Continental Free Trade Area (AfCFTA), in its inaugural year, pump life into intra-Africa trade finance?

Sudhir Dole, CEO, Trade Information Network, and Rajasekar Sukumar, Vice President, Europe, Persistent Systems speak to FinextraTV about how banks are increasingly looking to mitigate the risks associated with trade finance, fraud risk, and double financing, and the need for a secure platform that offers an information registry for the safe exchange of data.
We learn about how Fintechs are helping solve the trade finance gap, the risks Trade Information Network helps to mitigate via their platform, the importance of partnerships in delivering such disruptive change, and how Persistent has helped Trade Information Network to achieve its objectives.

For all your fintech-related news, please visit https://www.finextra.com.