Trade finance’s next challenge is getting innovators to work together

There is no shortage of great ideas in digitalizing trade finance. If only all these systems and programmes would talk to one another.

Trade finance, above all areas of banking, has long been considered ripe for disruption. It is a vast market where some practices seem to belong to the previous century: surely the only reason you could ever conceivably need a fax machine these days is to deal with the paperwork around trade finance.

And it is an area where Covid-19 has made existing problems worse: the Asian Development Bank says the gap in trade finance availability hit $1.7

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