iGTB’s Head of Trade and Supply Chain Finance, Anand Pande, has been featured as an industry expert in a roundtable for BCR’s World Supply Chain Finance Report 2018, published in January at the Supply Chain Summit in Frankfurt, Germany.
The 4th edition of the report interviews domain specialists on how technology is not only helping shore up supply chains, but is also bringing together banks and technology providers. As one excerpt from Pande on how technology is changing supply chain finance, he writes: “There is optimism regarding the progress made on the risk mitigation, compliance, due diligence and cost reduction sides of supply chain management, thanks to the application of technologies such as optical character recognition, imaging, robotic process automation, natural-language processing and artificial intelligence.”
To access BCR’s World Supply Chain Finance Report 2018 and see Anand’s full contribution to the roundtable, please go here.
Speaking at BCR’s 2018 Supply Chain Finance Summit, Angela Koll, Specialist, Trade & Supply Chain Finance at Commerzbank, offers her views in this year’s edition of the Supply Chain Finance Report, which accompanies the event. On pages 27-28, Koll highlights the value that the Bank Payment Obligation (BPO) can bring to the industry.
iGTB has implemented a comprehensive supply chain finance platform for Bank of Baroda, India’s International Bank.
With a $418 billion finance gap in the Indian SME sector alone, the roll-out of the digital platform will extend new financing and working capital opportunities to the bank’s numerous clients – and their partners – expected to boost the number of digital transactions across the nation. Prime Minister Narendra Modi’s “Digital India” initiative – which aims to drive economic development through wide-ranging digital transformation across the country – has set an ambitious target of reaching 25 billion digital transactions in 2017-18.
Furthermore, increasing trade across a country rapidly establishing itself on the global stage is a high priority – India’s exports of $261 billion are up by 47.7 per cent since 2009, and its internal trade as a proportion of GDP is at a healthy value of 54 per cent.
Finally, by supporting the bank’s manufacturing clients across the country, the platform is helping Modi’s “Make in India” initiative become a reality – transforming India’s economy into to a world-class manufacturing hub.
The news was covered in a number of specialist and tier-one outlets: Asian Banker, Asian Banking and Finance, Business Standard, PYMNTS, Banking Technology, Finextra, FTSE Global Markets, IBS Intelligence, The Paypers, TXF, TRF News, GB&FR, Fintech Finance, Fintech Time, Finance Digest, Indian Commodity, Capital Market, IBV, India Info Online, Investment Guru India, Religare Broking, Supply Chain Log.
In a video interview filmed at the recent Sibos conference, The Banker‘s Joy Macknight asked Enno-Burghard Weitzel, head product management trade services at Commerzbank, for his take on the top trends in finance today, including progress on blockchain, the value of the bank payment obligation (BPO) and the rise of sustainable trade.
Anand Pande, Head of Supply Chain Finance and Trade at iGTB, has been cited in the leading “Finance and Economics” article in the October 14th-20th edition of The Economist. The article describes how technology is reshaping the financing of firms that sell to other firms, and is leading banks into new alliances with technology specialists. In the article, Anand highlights the unmet demand in supply chain finance, calling it “a land of unrealised promise”. Litesh Majethia, Head of Supply Chain Finance at iGTB client Bank of Baroda, is also featured in the article.
To read the full article, please go here.