Accenture Banking Blog

TREND 5: Innovation soars in trade finance

Trade and supply chain finance is on the brink of a new era. There is unprecedented down-market demand for relevant products, but without digital capabilities, commercial banks cannot efficiently scale to manage the volume nor effectively underwrite the credit exposures. For this reason, leading banks are sharpening their digital edge to compete against a host of innovative fintechs. They are choosing the partners they need to build the modern, interconnected solutions today’s customers demand. Not only are they modernizing; they are also persuading their division executives that investing here is a no-brainer. Those that are doing this well are transforming the last analog frontier of commercial banking and, in the process, consolidating their long-standing relationships with existing customers and growing their market share.