Mitigram reposted this
The trade finance gap has risen to $2.5 trillion and is expected to widen further. Amidst this disparity, Joshua Kroeker (Mitigram) explains how digitalisation and technological innovations can provide easily accessible trade finance to growing corporates and SMEs at a reasonable cost. Read blog: https://lnkd.in/ekkZwsfc Read Mitigram's company entry on the Innovation Lab: https://lnkd.in/eEHvmf7p
Congrats to Mitigram for making the “cut” … welcome to TMI - Treasury Management International Innovation Lab ! Joshua Kroeker do keep us updated on all the exciting developments in the Trade space … I see that Standard Chartered Corporate & Investment Banking are forecasting 16% of the predicted 30 Trillion $ of Toxenised Assets will come from Trade Finace and real world assets by 2034 …
Tom Alford got spot thank you!
Nice piece Joshua Kroeker - mind the gap, please!
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2moThe $2.5 trillion trade finance gap is a significant challenge, especially for SMEs and emerging markets. To bridge this gap, digitalisation and innovative technologies such as blockchain, AI-driven credit assessments, and digital trade platforms can play a crucial role. These solutions can streamline processes, reduce costs, and enhance transparency, making trade finance more accessible and efficient. For instance, blockchain technology can offer secure and immutable transaction records, reducing the risk and uncertainty for financiers. AI can assess creditworthiness faster and more accurately, providing SMEs better access to needed funds. Digital platforms can connect global trade participants, providing a seamless and integrated ecosystem for trade finance. By embracing these innovations, we can create a more inclusive financial environment, supporting growth and resilience in the global trade landscape.