Working capital conversations between banks and corporates have typically focused on individual bank products, rather than the specific needs and challenges of the corporate – leaving opportunities and efficiencies on the table. But that’s all changing now, as Adeline de Metz, UniCredit, explains.
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.
Increased pressure from investors and consumers is driving corporates to hold their suppliers increasingly accountable to sustainable and ethical standards. However, technological innovations are making sustainable SCF more of a tangible reality for treasury professionals in all areas of the industry.
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.
Technologies such as artificial intelligence have the potential to make it easier for treasurers to gain visibility and control over their cash. But simply investing in these technologies is not enough to achieve working capital efficiencies.
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.