ICC Banking Commission’s Olivier Paul explains how digitalisation can help bridge the trade finance gap in Gulf Business

In an article for Gulf Business, Olivier Paul, Head of Policy at the International Chamber of Commerce Banking Commission, explains how the move towards paperless trade could help bridge the US$1.5 trillion gap between the demand and supply of trade finance.

Digitalisation will help decrease costs, increase efficiency and allow the introduction of non-banks and fintechs to the sector.  These factors combined should help increase market capacity, in turn allowing for a progressive reduction in the trade finance gap.

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