Inspired by the success of “Industry 4.0”, innovators in other sectors are examining how advances in complex data analysis and connective technology can translate to their own activities. In the field of trade finance, the implications are beginning to become clear – with staggering potential for collaboration, writes Sebastian Hölker, head of structuring and implementation of SCF products at UniCredit, in Trade & Export Finance.
Indeed, by working together with trading partners, banks and insurers, corporates can create highly sophisticated financing programmes that closely match the needs of the entire supply chain. This is a revolutionary approach – promising drastic improvements in liquidity, risk mitigation and pricing for all involved. We call it Trade Finance 4.0.
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