On the cusp of momentous change, the trade finance ecosystem is experiencing a significant restructure with the introduction of new technologies and market participants. In an unpredictable economy, treasurers need to adapt their initiatives to conform to new global trade dynamics.
The start of a new decade has ushered in a variety of market developments that have the potential to redefine the trade finance sector. We caught up with Jean-François Denis, BNP Paribas, to explore the changes on the horizon and how they might benefit corporate treasurers.
A lasting partnership between Bahrain-headquartered AIG and BNP Paribas has kick-started a number of long-term digitisation and automation initiatives, resulting in improved finance and treasury processes.
Treasury and supply chain disruption caused by external factors is nothing new, but recent developments may be making it the new normal. Therefore, the ability to switch technology and supply chains to new locations/suppliers with the minimum of upheaval is becoming a business imperative. This applies not just to the physical supply chain but also the financial one that underpins it, which presents corporate treasuries with significant additional challenges.