ICC Banking Commission’s Dan Taylor explains how trade finance is changing fast in TradeReady

In an article for TradeReady, Dan Taylor, member of the International Chamber of Commerce Banking Commission’s Executive Committee, discusses why and how global trade is changing, as well as exploring the key links between trade, trade finance and value creation in the wider economy.

In particular, innovative technologies encouraged by new, non-bank actors, increasing protectionism, changing regulation and compliance measures – such as PSD2 and Know Your Customer Requirements (KYC), are all playing a major role in shifting the trade finance landscape. Taylor explains that shared principles surrounding regulation and compliance can help level trade finance –  bridging the US$1.6 trillion trade finance gap.

The full article can be read here.

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