ICC BANKING COMMISSION JAKARTA 2017: Day 2(Thurs 6 April) 11.15 Trade Finance Digitalisation: Opportunities and Obstacles

TradeFinanceDigitalisa0onOpportuni0esandObstacles

•  Opportunity–  TechnologyEvolu0on–  DLTTechnologyacceptanceand

realisa0onofitspoten0al–  Mindsetchangetofindnewsolu0ons

acrosscompetencies(Innova0on)–  Willingnesstoexperimentandexplore–  Marketengagement–  Inclusion/EngagementofSME’s–  Profitabilityandcostpressureonall

par0es

•  Obstacles–  Legalframeworksandlegalacceptance–  DigitalCompetency–  Currentorganisa0onformsandrulesof

engagementnotfitforpurpose–  ManagersandOrganisa0onsstuckinexis0ng

paradigm–  FindingaBusinesscasethatcreatesmul0ple

benefitsamongpar0eswithwin/winscenarios–  Coordina0onofallpar0estoatransac0on–  Globalco-ordina0onforengagementand

development

TradeFinanceDigitalisa0on

•  Whatistheobjec0veofDigitalisa0on?•  Whichcompetenciesinternallyandexternallyneedtobeinvolved?•  Whatglobalorregionalbodyisgoingtoregulate?•  WhataresuccessstoriesandpiPalls?•  WhataretheDo’sandDon’ts?•  Whatarethebiggestconcernsandfears?•  WhatcantheICCdomoretohelptheindustryanditsmembers?•  Whoelsethenbanksneedtogetonboardinordertoscalesomethenewsolu0onsand

technologies?

TradeFinanceDigitalisa0on-Issueswewanttoaddressattoday’spanel

Greatextent

Somewhat

VeryLiRle

Notatall 15%

11%

18%

19%

overall

Deg

ree

ofdigitaliza0

on

Rejec0onratefortradefinancetransac0ons0% 20%

Rejec0onratesdonotdeclinewithlevelofdigitaliza0on

Tradefinanceusersrela0velyunfamiliarwithdigitalalterna0ves

0

10

20

30

40

50

Debt-basedsecuri0es P2P Crowdfunding

43%recogni0onrate

4%usage5%usage

15%usage18%recogni0onrate

28%recogni0onrate

%