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

See what our CTO, Sri Vasireddy says on the Vision & Strategies for Digital Transformation

LinkedIn
Facebook
Twitter

In a recent interview with Triterras’ strategic partner Unqork, our CTO Sri Vasireddy talks through his thoughts on digital transformation and puts it into a simple perspective – trade finance must value the customer perspective as the first step.

“Think from the unmet need of a customer perspective and completely leave technology and solution aside,” says Sri Vasireddy.

By empowering the front line to the customer to do more, we reduce the gap between what we want versus what is not there. Others in the industry believe technology is what should sit at the forefront of transformations, and that tech, as a standalone, can bridge the gap of business. But Triterras’ vision and overall strategy has a bigger focus on a lifetime learning of new perspectives and needs.

Triterras believes our approach has a knock-on effect that meets the developments, from customer to business, to product manager, to product owner to architect to the developer. By always learning, and building a plan of action that originates from the challenge, Triterras develops and further refines products that matter.

Click here to watch our CTO Sri Vasireddy, as he speaks alongside Steve Dunn, Head of Innovation & Fintech Strategy at SMBC and Yen Chen, Unqork’s Head of Capital Markets.

Top Articles to Read Next

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

The approved facility will enhance FRB’s ability to underwrite trade finance transactions originating from issuing banks in several countries, including transition states and low-income countries across Africa. It is estimated that when fully utilized, this RPA facility, will support approximately $500-600 million of trade over the next 3 years, of which more than $100 million will support intra-African trade and exports.

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.

We use cookies to improve your browsing experience and to analyse the use of our website. By using this website, you agree to the use of our cookies in accordance with our Cookies Policy and Privacy Notice.