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The C-Suite Challenges of a Trade Finance Bank
Trade Finance has been a well established and important business for Banks and Financial Institutions. Hardly any domestic or international Trade activity can take place safely and successfully without some form of trade financing, in fact as much as 80% of annual global merchandise trade is enabled through some form of trade financing. This financing can range from traditional instruments like Letters of Credit, Bank Guarantees to a more contemporary form of open account based supply chain financing. An insight into the challenges that plague the C-Suite of a bank determined to lead the trade finance business. Is Digitization the answer ? Read on