What is next for trade finance digitisation?

Banks are going to great lengths to digitise trade processes while acknowledging the various obstacles to completely removing manual or paper-based transactions.

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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