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BNY Mellon Treasury Services

Addressing the Trade Finance Gap

by internationalbanker June 10, 2019

Trade finance fuels trade; if firms are unable to access it, this can have significant consequences for business development and global commerce. The current US$1.5 trillion gap between the demand for and supply of trade finance is undeniably a substantial barrier to economic growth. A recent BNY Mellon survey canvassed industry participants to discover what steps they think should be taken to close the gap, and the results point to two potential sources of relief: technology and regulatory revision.

June 10, 2019

Finance

Technology and Collaboration: Harnessing Opportunities in the Evolving World of Trade

by internationalbanker January 21, 2019

In spite of the recent rise of protectionism amongst major trade partners, international trade growth is strong, with emerging markets providing the main impetus. Trade growth could be even stronger if not for the shortfall in trade financing supply relative to demand, a gap that is partly due to regulation compliance. Technology is coming to the rescue, not only in addressing the trade finance gap but ameliorating operations throughout trade channels.

January 21, 2019

Banking

PSD2: Opening Up Banking

by internationalbanker April 16, 2018

The introduction of the European Commission’s banking directive PSD2 both recognises the shift towards Open Banking and helps drive the change; with banks expected to share private financial data with third-party providers at the request of clients, the payments industry is entering a period of radical change. What are the implications for the financial landscape, and how are banks adapting to the revolution?

April 16, 2018

Technology

The Power of Fintech: Transforming Payments, Transforming Strategies

by internationalbanker October 5, 2016

The transaction sector will never be the same; financial technology has permanently altered the way payments are processed. But the fintech revolution is not merely a retail-banking event; it is also set to transform the corporate-payments space—and forward-thinking banks are ensuring that they stay in the lead through digital innovation.

October 5, 2016