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Exciting journey ahead! Read more about our partnership with TradeWiz ✨ #DanskeBank #TradeFinance #TradeWiz

🔔 Missed our latest blog post on "Embracing Cash: Exploring Europe's Top 5 Cash-Reliant Countries"? Now's your opportunity! Dive into the fascinating insights on cash reliance in Europe. Stay informed with Cashmaster: https://lnkd.in/eaYpX35e #CashInsights #EuropeCashTrends #StayInformed #Cashmaster

“With great power comes great responsibility” I want to leave the world a better place than I found it and a big part of this is fighting for positive change. For far too long, banks and large financial institutions have made small businesses suffer with hidden fees or overly complex information. That’s one of the reasons why I focused CopyHouse on Fintech — so we could help make this system fairer or at very least build the brands that would. So I was super delighted when Hannah McGrath asked me to be part of this campaign for Wise End the Opt challenges banks to make international transaction fees more transparent so SMEs can make better decisions with their money. Read more in the London Daily News at 👉 https://lnkd.in/edCE5MPU #fintech #financialservices #changemakers

💥 The banking industry's digital transformation is a joke! 💥 Lloyds Bank is taking a bold step by teaming up with Cleareye.ai to revamp its trade finance tech—but why did it take so long? 💡 Think about it—trade finance, the backbone of global commerce, has languished under clunky, antiquated systems for decades. Sure, their collaboration promises streamlined processes and enhanced transparency, but isn't it a bit late in the game? Shouldn't a financial giant like Lloyds have pioneered this years ago? Here's why this matters: 🔍 Efficiency: Cleareye.ai's solutions could drastically reduce the operational inefficiencies that plague trade finance. Imagine cutting down processing times from days to mere hours! 📊 Transparency: The integration of advanced AI can offer unparalleled transparency, reducing fraud risks and enhancing trust among global trading partners. 🛠️ Flexibility: With modern technology, banks can offer more flexible financial products to cater to the ever-evolving needs of businesses, large and small. This is where Finotor shines too, enabling personalized financial analysis and accounting with astoundingly adaptable features. 🚀 🔥 Real-World Impact: Consider a small business owner navigating international trade. The hurdles of traditional trade finance can be debilitating. Now, with Lloyds and Cleareye.ai's innovations, they can focus on growth rather than paperwork. Yet, here's my burning question: Why are industry titans only now waking up to the power of AI in trade finance? This tech isn't new, but the willingness to embrace it has been sluggish at best. The lag in adoption has cost businesses and economies dearly in terms of missed opportunities and stifled growth. What do you think? Is this a revolutionary move, or just another late-to-the-party effort? 🤔 Franck BRUNET ---------------------- Liked this post? Want to see more? Ring it on my profile 🔔 Connect with me 🔝 Follow me: #franckbrunet #finotor

Cross-border payments remain focus for Fed Tools that automate processes, reduce costs, and promote effective safeguards across jurisdictions could enhance cross-border payments. Cross-border payment services provide faster, cheaper, transparent, and inclusive options, benefiting citizens and economies worldwide, potentially supporting economic growth, international trade, global development, and financial inclusion. The multilayered, cross-jurisdictional, and multi-currency cross-border payments system could be simplified to reduce complexity, speed up payments, and increase costs. Private and public sector are collaborating to enhance the cross-border system, offering technological tools for a new digital system that could be beneficial. #crossborderpayments #BankingTransformation #realtimepayments https://okt.to/LIRvBx

Explore the latest article on cross-border payments for essential insights into global trends shaping the market. A must-read for those handling international transactions and seeking to stay ahead in the global economy. #CrossBorderPayments #GlobalBusiness #FinTech

Explore the latest article on cross-border payments for essential insights into global trends shaping the market. A must-read for those handling international transactions and seeking to stay ahead in the global economy. #CrossBorderPayments #GlobalBusiness #FinTech

Explore the latest article on cross-border payments for essential insights into global trends shaping the market. A must-read for those handling international transactions and seeking to stay ahead in the global economy. #CrossBorderPayments #GlobalBusiness #FinTech

Terrific piece by Deutsche Bank following the recent BAFT (Bankers Association for Finance and Trade) Europe Bank-to-Bank conference. Deutsche Bank Corporate Bank's Clarissa Dann reports on the panel featuring Gwynne Master (Lloyds Banking Group); André Casterman (Casterman Advisory); Chris Sunderman (Digital Container Shipping Association (DCSA); and Alberto Gutierrez (Barclays). This excellent article (linked below) outlines three distinct trends that I shared on the panel and that are unfolding in the new funding landscape: - New market entrants. Complementing the bank positions in trade finance, alternative trade finance and embedded lenders are providing more liquidity – particularly for smaller companies. “We see SMEs served by alternative non-bank platforms extending liquidity,” he said. - Logistics providers expand into trade. Using APIs to connect to financial systems, logistics providers are using funding from banks and the capital markets to service their customers. “There are a lot of opportunities to connect the B2B world where trade originates and the capital markets world looking for assets to allocate liquidity to.” Echoing some of the distribution themes from the Trade Finance Investor Day 2023 Casterman added that third party liquidity, moving from the originate to distribute model, also addressed balanced sheet considerations highlighted by BAFT CEO Tod Burwell earlier. - Regulation/policies and technological innovation driving change. This picks up Sharyn Trainor’s point about drivers of adoption and several themes in the Guide to Trade Finance about why single platforms had not been successful. “You cannot expect the whole world to join a single platform and you need operability,” reflected Casterman. He saw Web3 technology based on distributed ledger technology (DLT) as a key enabler here. Read more here: https://lnkd.in/ewpSbQ6p The ITFA #Fintech #Committee is supporting new entrants engage with incumbents and new partners across origination and distribution. Reach out for more insights on DNI Initiative and TFD Initiative.

Explore the latest article on cross-border payments for essential insights into global trends shaping the market. A must-read for those handling international transactions and seeking to stay ahead in the global economy. #CrossBorderPayments #GlobalBusiness #FinTech