The last two years have been a difficult time for SMEs, who have had to grapple with the challenges of supply chain disruptions, a global credit crunch, and inflation during the COVID-19 pandemic.
But despite the uncertainty and volatility of the last two years, SMEs’ working capital practices have evolved significantly, and perhaps irreversibly.
Though the global trade finance gap has continued to make new highs, hitting $1.7 trillion in 2020, both SMEs and the banks that serve them are now focusing on new ways to access much needed capital.
At the forefront of this challenge is digitalisation, which in trade finance is driven by a mixture of new technologies and partnerships that aim to increase efficiency and reduce costs.
But where does the industry currently stand on the challenge of digitalisation, and how much closer are we to the ambitious goal of frictionless, borderless trade finance?
Joining TFG's Deepesh Patel to discuss is Iain MacLennan, head of trade and supply chain finance at Finastra.
Read more here: https://www.tradefinanceglobal.com/posts/podcast-open-by-default-finastras-iain-maclennan-on-fintech-partnerships-digitalisation-and-helping-smes-triumph-in-an-uncertain-macro-world/
Moving beyond gender: challenging stereotypes and biases in the workplace
Swiss Re Corporate Solutions’ Natalia Clements on challenges in the workplace and equitable company policies
From policy to practice: navigating the road to digital trade in 2023
Trade and receivables finance, in football terms
Dirty financing: the slow progression of ESG
To agriculture and beyond: a look at how IoT technology is transcending industry silos
The fight against economic crime in the UK: an inside look at the Economic Crime Transparency and Enforcement Act
’22 in 22 minutes
Incoterms: customs, case studies, and industry challenges
Float or sink: BIMCO discusses eBL adoption, standards, interoperability
Part 2: Enablers that empower and support women-owned or women-led MSMEs
Part 1: Increasing access to financing and empowering women-owned or women-led MSMEs
Trade4MSMEs on breaking down international barriers to trade
The future of BaaS and innovation in the cross-border payments space
SWIFT thinking: how the global payments system can help digitalise trade finance
Hipotekarna Banka on trade finance, multilateral support, digital transition in Montenegro
Faces of trade: the people behind the policies
Correspondent banking in the Caribbean: the impact of ‘derisking’ on the real economy
The lifeblood of global trade: improving financial inclusion for SMEs
UKEF, DIT, and TFG release trade and export finance guide
Create your
podcast in
minutes
It is Free
Bank of America Treasury Insights
Human Capital Leadership
The Power of Music Thinking
BusinessWISE
3 Takeaways