For Deutsche Bank, Supply Chain Finance (SCF) has become the fastest growing business lines within the trade finance product family – with payables finance (also commonly referred to as reverse factoring and approved payables finance) displaying revenue growth rates of 20-30% in recent years.
However, the market is yet to capitalise on its full potential. Indeed, a 2015 McKinsey report indicated that while the SCF market has a potential revenue pool of US$20 billion, only a tenth of that potential is currently being captured globally.
So how can SCF maximise its potential moving forwards?
Inspired by discussions between leading industry experts at the ICC Academy’s 6th Supply Chain Finance Summit, Deutsche Bank’s Flow pinpoints the need for greater collaboration, more effective utilisation of technology and data, and the creation of truly “end-to-end solutions”.
To read the full article, please click here.