The Journey to Trade Finance Transformation

Global trade is changing how people trade with each other, where they trade, and what they trade.

Boston, London, 8 September 2021 The fundamentals of global trade are changing and will have direct impact on every bank’s trade and supply chain finance business. Trade finance operations are historically characterized by manually intensive and mostly paper-based processes. To reduce the inherent inefficiencies and costs, corporate users understand that they must adopt more automated and digitally enabled solutions. Consequently, their banks, in combination with technology partners, must be capable of transitioning from the vision of a digitalized trade finance ecosystem to the reality of software applications, an underlying infrastructure architecture, and a governance model that allow corporate users to access trade finance products and services as expected.

This report presents Aite-Novarica Group’s view of where the trade finance software industry is heading and reviews the likely future-enabling technology applications and infrastructure stacks. To validate these anticipations, Aite-Novarica Group refers to the findings from an analysis conducted on Capgemini’s approach to trade finance transformation.

Clients of Aite-Novarica Group’s Commercial Banking & Payments service can download this 15-page Impact Brief. To learn more about the topic covered in this Impact Brief, please contact us at [email protected].

This report mentions Capgemini as the player of reference to validate the research findings.

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