Digitisation should be high on the agenda in cross-border trade transactions as banks and corporates seek to minimise their exposure to multiple risks. Increased fraud, the continuing effects of the pandemic, Brexit and trade friction with China have all made trade riskier. Even before COVID-19 struck, a handful of well-known banks started to withdraw from financing oil and gas transactions because of the operational risk and losses they incurred. The eruption of COVID-19 continues to cause major disruption, opening up opportunities for fraud that have prompted warnings from the US Attorney General, US security agencies and Interpol. Tech giant IBM…
Digitisation answers the quest for risk mitigation in global trade
Digitisation answers the quest for risk mitigation in global trade
