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Navigating supply chain disruptions for banks

Banks need to enhance their digital capabilities so that firms can quickly receive trade financing support, without the need for physical interaction.

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In banking, businesses used to be sanguine about going entirely digital especially in the trade space. But due to entrenched practices and inertia, there was always the backstop of couriers and fax machines. This has now changed.

The Covid-19 pandemic is expected to have a prolonged impact on our lives.

According to the World Trade Organization, the year 2020 could see the worst collapse in international trade since the Great Depression, with a decline of between 13 and 32 per cent. Sectors such as automotive,...

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