One question we look forward to exploring in the Euromoney Trade Finance Survey 2025 is: which main trends impact your day-to-day trade finance activities?
Operating in such a documentation-heavy environment, banks and corporates are focused on digitising this space. A key takeaway from Sibos regarding trade finance, as noted by the Euromoney team on the ground, is that the industry is speaking a common language – so there is hope for digital future of trade finance.
Hope grows as banks shared with Euromoney some impressive figures:
Over 50% of DBS’s documentary trade transactions are now digitally initiated;
More than 70% of ING’s Benelux trade transactions are digitally initiated;
Over 30% of Lloyds’ direct guarantees are now digitally issued;
All of Santander’s supply chain finance transactions can now be initiated digitally.
Considering where the trade finance sector was just a few years ago, these figures highlight remarkable progress.
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