Eyes on the Prize

Intensifying the Focus on Trade Digitisation

The challenging economic outlook and its potential impact on global trade were hot topics at Sibos 2022. But there were also highly encouraging indications that perennial themes, such as ESG and digitisation, are entering a decidedly pragmatic phase. Two experts from J.P. Morgan Payments share the inside track on the latest trade-related developments, including an exciting partnership with AI-driven fintech platform, Cleareye.

Having already endured three chaotic years for markets and economies, banks and corporates are bracing themselves for further turmoil as 2023 continues into its second half, with ongoing macro uncertainties, geopolitical tensions, and the war in Ukraine demanding they remain on the front foot, says Natasha Condon, Global Head of Trade Sales, J.P. Morgan Payments.

Indeed, the challenging outlook had been one of the main talking points at Sibos in Amsterdam back in October 2022. Speaking to TMI shortly after the conference Condon highlighted some of the key issues for banks and corporate treasurers that had been discussed animatedly, both on and off stage, at Sibos. These were notably the strong dollar, inflation, volatility, and the latest advances on the road to digitisation.

“For banks, the way the external operating environment is playing out is causing considerable pain in terms of dollar funding, cost of funds, credit, capacity, risk-weighted assets – all the kinds of issues you expect to test the banking market when times get hard,” notes Condon.

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