by Raphael Barisaac, Head of Trade Products, Global Transaction Banking, UniCredit
While much of digital innovation is directed at large and multinational corporates, small and medium-sized enterprises also stand to benefit considerably from digital technology – and can play an important role in driving adoption. For this to happen, banks must make solutions readily available to corporates of all sizes – from MNCs to SMEs – working with them to develop new and compelling use cases.
Small and medium-sized enterprises (SMEs) are just as well poised to benefit from digital trade finance solutions as their larger counterparts – and, what’s more, they could be the vehicle that drives mainstream adoption. Indeed, the sheer number of SMEs – combined with their agile set-ups – makes them an excellent breeding ground for developing further use cases.