ICC Banking Commission’s Olivier Paul explains the growing interest in supply chain finance in Documentary Credit World

In an article for Documentary Credit World, Olivier Paul, ICC Banking Commission Head of Policy, explains that banks are increasingly embracing supply chain finance solutions and digitalisation of the trade finance sector.

Expanding on findings from the ICC’s 10th Global Survey on Trade Finance, Paul says that the overall outlook for trade finance generally, and supply chain finance specifically, is one of growth and optimism, despite regulatory and compliance concerns.

The full article can be read in the June edition of Documentary Credit World, pages 22-24.

ICC Banking Commission’s Olivier Paul discusses supply chain finance and digitalisation in Treasury Management International

In an article for Treasury Management International, ICC Banking Commission’s Head of Policy Olivier Paul expands on results from the ICC’s 10th Global Survey on Trade Finance.

Findings from the survey, which gathered responses from over 250 banks in 91 countries, revealed that while traditional trade finance provision is on the up, there is now a corresponding growth in SCF. What’s more, most banks are taking steps towards embracing digitalisation, with over 60% of respondents indicating they have implemented or are in the process of implementing technology solutions as part of their trade finance processes.

The full article can be read here.

ANZ and ICC Banking Commission’s Mark Evans quoted on the impact of blockchain on trade finance in The Banker

In an article for The Banker, Mark Evans – member of the International Chamber of Commerce (ICC) Banking Commission Executive Committee and ‎Managing Director, transaction banking, at ANZ – comments on the benefits of blockchain in trade finance.

Evans says that Distributed Ledger Technology (DLT) “enables every participant in the chain to be able to see all transactions or touch points in one ‘block’ of information. This provides a high level of visibility and transparency to the progress of the transaction.”

To read the article in full, please click here.

Tradeteq’s Michael Boguslavsky quoted in article for The Global Treasurer, arguing that AI could help more SMEs secure trade finance

In a recent article in The Global Treasurer on international regulation reducing banks’ ability to offer trade finance, Tradeteq’s Head of AI, Michael Boguslavsky, argues that artificial intelligence (AI) could help mitigate such issues – particularly for SMEs.

Boguslavsky notes that AI has the capacity to “evaluate and potentially recognise credit quality of a more diverse set of companies than the traditional models”. These traditional models, such as the Altman Z credit scoring model, no longer suffice as they do not consider all of a company’s variables. Boguslavsky emphasises AI’s flexibility, and how using it could open up the trade finance market to non-bank investors, who are not faced with the same rigorous regulations as banks.

To read the full article, click here.

UniCredit’s Adeline de Metz talks Women in Trade Finance for GTR

As part of the GTR Women in Trade Finance series, Sanne Wass interviews Adeline de Metz, UniCredit’s global co-head of trade finance and working capital solutions, on her career path, current job and her advice for other women embarking on careers in the industry.

The first woman in her family to pursue higher education and a career, de Metz recounts how, initially, following her husband’s career across the world led her to a diverse set of jobs within banking. De Metz believes this variety of experience helped her stay “mobile, flexible, adaptable in terms of mindset”, leading her to where she is now. De Metz advises other women in the industry to do the same – “never say yes to a job or stay in one because ‘it looks nice on the business card’”.

To read the full article, click here.

Tradeteq’s Michael Boguslavsky on how machine learning can improve credit scoring for SMEs in TRF News

Michael Boguslavsky, head of AI at Tradeteq, and author of a newly-released whitepaper, “Machine Learning Credit Analytics for Trade Finance”, has written a commentary for Trade & Receivables Finance News where he discusses how machine learning techniques, combined with broader and deeper company data, can dramatically improve credit scoring for SMEs. Current scoring methods – such as forms of the Altman Z-score – are a primary reason SMEs so often fail to secure the trade finance they need, argues Boguslavsky.  Using new models, receivables finance becomes more accurate and less risky, making it a more readily available and less costly source of working capital for SMEs than ever before.

Go here to read the full article.

ICC United Kingdom Secretary General discusses the need for updated digital trade rules in the latest issue of World Trade Matters

Writing for the Institute of Export and International Trade’s professional journal, World Trade Matters, Chris Southworth, ICC United Kingdom Secretary General, explains why digital trade rules – which haven’t been updated at the WTO since 1998 – should be reformed at the international level.

Digital trade is key to enabling SME growth and access to the global economy in both developed and emerging markets, Southworth writes. However, blocks to online sales due to misaligned and unilateral regulations prevent many growing companies from trading abroad.

For this reason, rules on digital trade should be collaboratively reviewed and updated at the WTO – ensuring that the UN’s sustainable development goals (SDGs) are incorporated to align the needs of both developed and developing economies.

Read the full article on page 18 of World Trade Matter’s Spring 2018 issue.

Untapped potential: UniCredit’s Holger Frank and Siow Chin Yeo discuss Asia’s emerging trade asset market for The Asian Banker

Asia’s estimated $600 billion trade finance gap is an enduring problem – but supporting and facilitating a sophisticated secondary market for trade finance assets may be, at least part of, the solution. UniCredit’s Holger Frank, Head of Global Transaction Banking and Financial Institutions Group, Asia Pacific, and Siow Chin Yeo, Head of Trade Finance, Asia Pacific, opine in The Asian Banker that digital advances are turning this vision into reality.

With compliance issues, regulatory capital requirements and tightening margins  restricting banks’ ability to lend to SMEs (who contribute two-thirds of Asia’s trade finance gap), new digital platforms are being developed that offer trade receivables to non-bank investors on a secondary market, argue Frank and Yeo.

CCRManager, which launched in 2017, is one such example. Processing $1.5bn worth of transactions to date, it’s helping to increase bank trade finance lending and, ultimately, boost the Asian economy.

To read the full article, click here.

In the Financial Times, John WH Denton, ICC Secretary General, encourages WTO reform and sustainable trade rules

Writing for the Financial Times, John WH Denton, International Chamber of Commerce (ICC) Secretary General, remarked that the current rules-based multilateral trading system has created unprecedented job creation and poverty alleviation.

Following the US administration’s decision to impose steel and aluminium tariffs on its trading partners, Denton warned of the dangers of not keeping protectionist trade policies in check and urged G20 leaders to strive for reform at the international level, insisting trade rules should work for everyone, every day and everywhere.

Read the full article here.

Tradeteq’s Michael Boguslavsky discusses AI-powered credit scoring for SMEs in The Global Treasurer

Author of a newly-released whitepaper, ‘Machine Learning Credit Analytics for Trade Finance’ and head of AI at Tradeteq, Michael Boguslavsky has written an expert piece for The Global Treasurer where he discusses how machine learning techniques, combined with broader and deeper company data, can improve credit scoring for SMEs. Current scoring methods – often forms of the Altman Z-score – are a primary reason SMEs so often fail to secure the trade finance they need, argues Boguslavsky.

Go here to read the full article.