The complexity of trade finance digitalization was a key topic for debate at the recent Sibos conference.
However, suggestions that the complexity of the task has been underestimated were largely dismissed by several experts Euromoney spoke to.
Jean-François Denis, global head of trade solutions at BNP Paribas, says market participants are well aware of the complexity of the trade finance ecosystem and that this is reflected in the fact the various digitalization initiatives are not designed to be fully end-to-end.
“There is a need to focus on specific products and geographies initially,” he adds.
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