<Role of FinTech platforms in the trade finance industry> by Swati Babel, Triterras’ VP of Business Development. Click to read article.

African Development Bank approves $75mil facility for FirstRand Bank to enhance trade financing on the African continent

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Role of FinTech platforms in the trade finance industry

The role of FinTech platforms in the trade finance industry is to provide an efficient and cost-effective way for businesses to finance their international trade transactions. The platforms offer several advantages over traditional banking products, including access to capital, flexibility and cost effectiveness, as well as agility and efficiency.

Paperless trade for UK businesses to boost growth

The Electronic Trade Documents Bill introduced in Parliament earlier in October 2022 last year, aims to boost the UK’s international trade, already worth more than £1.4 trillion, and will reduce the estimated 28.5 billion paper trade documents printed and flown around the world daily.

70% of finance executives predict growth & slowing inflation by end 2023

The global Future of Finance Study, of C-Level Executives across 300 international financial institutions found that over two thirds of firms expect the economic outlook to improve over the next 12 months.

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