How can payables finance reach its potential? How can it help to plug the trade finance gap – 74% of which is accounted for by small and medium-sized enterprises (SMEs) and mid-caps, and 40% of which originates in the Asia-Pacific region? And what role can new technologies play in the payables finance business?
Bringing together leading professional from across the banking, fin-tech, and insurance space, BCR’s 3rd World Supply Chain Finance Summit, hosted in Frankfurt between the 31 January and 1 February 2018, fostered debate and discussion around such fundamental industry questions.
While recognising the long-term potential of innovative new technologies such as blockchain technology, discussions at the Summit made it clear that providers need to remain focused on developments and changes they can make in the here and now. In the short-term, it was agreed that standardisation, access to, and more effective utilisation of data, and improved industry-wide collaboration, held the key to market growth.
A full report of the World Supply Chain Finance Summit is featured in Deutsche Bank’s Flow.