Misys and D+H joined forces to create the third largest Fintech company in the world. Find out more about Finastra Contact us There is a substantial and growing level of unmet demand for trade financing Regulatory compliance requirements around KYC demand high investment Digitization and the state of fintech Doing nothing is no longer an option The potential of a ‘Digital Trade Bank’ Digital ‘platformification’ of trade and working capital finance to boost margins, enter new markets and grow the business while maintaining SWIFT compliance to ensure your digital foundations Contact our Finastra experts to discuss your digital trade strategy Share a quote of the report with your network State of the market: trade, finance and development Trade impacts economic conditions, living standards and financial inclusion Trade will grow at 4.3% annually to USD 19 trillion by 2020.” Boston Consulting Group Nearly a billion people have been lifted out of extreme poverty.” The Economist Global growth is projected to rise from 3.1% in 2016 to 3.5% in 2017 and 3.6% in 2018.” IMF “World Economic Outlook” Trade finance revenues predicted to grow by 4.7%.” Boston Consulting Group 3.1% 2016 2017 3.5% 2018 3.6% 3.6% 4.7% 1bn US $ 19tn $ 45% of global demand for trade finance originates in Europe, China and advanced Asia. ICC 61% perceive more demand for, than supply of, trade finance around the world. ICC US $ 1.6tn annually the gap in global trade finance – particularly in Asia. Asian Development Bank Trade finance is disproportionately available to multinationals and large corporates and consistently absent in the micro, small and medium-sized enterprise (MSME) segment. ICC US $ 50 million US $ 125 80% 2 hours are the estimated potential annual cost savings the digitization of the trade finance business could achieve per standard LC is the minimum by which courier charges could be reduced report that the deployment of digitally driven products and solutions have demonstrably contributed to revenue growth The elimination of paper from trade finance transaction processing could reduce throughput time by two hours per transaction 30% of time spent on compliance could be saved through automation David Hennah Head of Trade Brian Edmondson Global Lead for Trade Finance Ben Singh-Jarrold Marketing Strategist - Trade ICC report highlights 4.7% growth in trade finance revenue and $ 6bn savings through digitization of trade #digitaltradebank ICC Rethinking Trade 2017: Courier charges could be reduced by $ 125 per LC with a #digitaltradebank ICC Rethinking Trade 2017: 30% of the time spent on KYC compliance could be cut at a #digitaltradebank Read the full report with the Finastra article Learn more about FusionBanking Trade Innovation • A comprehensive, front-to-back trade and supply chain finance solution • Unrivalled automation for documentary trade and supply chain finance • The broadest digital front end for working capital finance on the market • Fully compliant with the SWIFT changes in 2018 and 2019 • The latest innovations in digital trade finance • Your choice: on-premise, cloud or hybrid The Outlook of digital transformation in Trade and Supply Chain Finance Digitization represents ~ US $ 2.6–6 billion savings opportunities (up to 35% over 3 to 5 years) Today 12 - 18 Months 3 - 5 Years US $ 12-16bn global trade opportunities cost base Intelligent automation: Intelligent OCR, artificial intelligence programs, predictive analytics, robotics Collaborative digitization: eDocs, electronic bills of lading Emerging digital solutions: Smart contracts and distributed ledger technology global trade opportunities cost base after digitization US $ 8-13bn Source: BCG & Finastra analysis 20-35% US $ 2.6 - 6 billion $$$$$$ Cost control is key area of focus for banks 68% Over 68% identify compliance and regulatory requirements as significant concern Increase in disconnected “digital islands” of activity, bridged by legacy paper and process-intensive activity The rise in correspondent banking cost per relationship, due to compliance 15,000 - 75,000 € 68% say SCF and tech are areas with the highest growth potential in trade finance 1.4% Only 1.4% see fintechs as a threat 44% say development of emerging platform propositions, as strategic focus 7% Only 7% see themselves at the leading edge of innovation RETHINKING TRADE & FINANCE 2017 The journey to digitization and collaboration This infographic presents the findings of the report “Rethinking Trade & Finance 2017” by the ICC Banking Commission, in association with Finastra and explores the potential of the Digital Trade Bank in driving efficiency, intelligence and deeper financing in the end-to-end supply chain. The most comprehensive survey on trade finance, it gathers 255 responses from banks in 98 countries.