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Paperless Trade Insights Q3 2019

Paperless Trade
trade finance
trade finance gap
Digital Trade
Trade Facilitation
electronic bill of lading
Rio Tinto
BNP Paribas
  Paperless Insights Q3 2019 HEADER

In our latest quarterly issue: mapping today’s digital trade finance ecosystems, digitization as the key to bridging the global trade finance gap, initiatives and further calls for digital standards in trade plus much more! + SUBSCRIBE

Industry News & Views

DIGITAL ECOSYSTEMS BCGDigital Ecosystems in Trade Finance: An excellent report on digital ecosystems in trade finance, feat. insights on the current state of trade digitization, mapping today's tech landscape combined with survey results on pains, opportunities & adoption outlook (source: TFG). + READ MORE

TRADE FINANCE DIGITIZATION FINEXTRAEuropean trade finance at dawn of digitisation: Nordic and Dutch corprorates & banks could be leading the charge toward a digitized future for European trade finance, amid reports of increased use of digital trade platforms in these regions (source: Finextra). + READ MORE

TRADE FINANCE GLOBAL TREASURERWhat will tech-led trade finance look like: According to The Global Treasurer, the streamlining of processes via innovative tech such as AI and blockchain is now making trade finance products more inclusive than ever (source: Global Treasurer). + READ MORE

ADB ESCAP REPORTAPAC Trade Facilitation Report 2019: Bridging Trade Finance Gaps through Tech: UNESCAP & ADB release joint 2019 APAC Trade Facilitation Report, with a strong focus on how digital trade facilitation measures can bring prosperity for the region (source: ADB). + READ MORE

TRADE FIN GAP ASSETWhy the global trade finance gap is going to get worse: Coverage on ADB's recent 'Trade Finance Gap, Growth & Jobs Survey,' where 60% of respondent banks expect the gap to increase over the next 2 years, hampering economic growth (source: The Asset via ADB). + READ MORE

TFX NEW TOOLSOld processes – new tools: Trade and transaction banking professionals argue that tech is the primary solution to more accessible financing and cheaper cost of debt for SMEs, seeing a digital future for what is still a largely analog industry (source: TXF). + READ MORE

SMEs BLOCKCHAIN TRADE MAGSME Global Traders are Banking on Blockchain: A look into the challenges faced today by SME traders seeking accessibility to finance, and the potential role of blockchain tech in accelerating access to trade finance (source: Global Trade Mag). + READ MORE

BC WORRIES EUROMONEYTrade finance’s blockchain dreams still far from reality: Transaction banking professionals argue for more standardization and regulatory/government acceptance to enable tech such as blockchain to become a standard in the industry (source: Euromoney). + READ MORE

UNIVERSAL TRADE NETWORKUTN becomes Digital Standards Initiative led by ICC: ICC takes leadership of the Universal Trade Network (UTN), which now becomes the Digital Standards Initiative (DSI), as part of efforts to develop standards to accelerate digital trade (source: TFG). + READ MORE

GTR MARINA BLElectronic bills of lading: How secure are they really?: Our very own Marina Comninos discusses key legal & security aspects of using electronic Bills of Lading (source: Global Trade Review). + READ MORE

SKULDSwitch bills of lading: According to leading marine insurer, Skuld, the risk of having multiple bills in circulation can be mitigated using eB/Ls, as eB/Ls can be amended while goods are in transit without the need for issuing new ones (source: SKULD). + READ MORE

TRADE FRAUDTrade-based fraud in Asia – a many-headed beast?: A look into recent high profile trade-based fraud cases in Asia, and how trade digitization (incl. blockchain/DLT tech) can play a key role in mitigating ongoing fraud risks (source: Global Trade Review). + READ MORE

ECONOMIST GOODS DELIVERY DIGITIZATIONDigitisation is helping to deliver goods faster: An overview of recent developments in supply chain digitization, with one commentator positing that digitization will have the impact on supply chains that steam and electricity had on manufacturing! (source: Economist). + READ MORE

essDOCS News

FIRST PAPERLESS TRADE IRON OREessDOCS enables first fully integrated paperless trade in iron ore: Our CargoDocs solution enabled the first fully integrated paperless trade transaction in ironore, involving RioTinto, Cargill, HSBC & BNP Paribas – combining tech from essDOCS, Voltron & Chinsay. + READ MORE

VAKT ESSDOCSVAKT expands ecosystem with essDOCS collaboration on NWE barge markets: Announcing our collaboration with VAKT – the energy post-trade ecosystem underpinned by blockchain – in digitizing North-West Europe tank barge trades & beyond. + READ MORE

SINOCHEM WORKSHOPSinochem & essDOCS trade digitization workshop held in Beijing: Exciting times ahead as we kick off our joint efforts with Sinochem Energy High-Tech Co. in digitizing energy & chemicals trade in China & the Asia-Pasific region. + READ MORE

BREXIT ESSCERTOh, Brexit (and essCert): essCert's Brian Smith gives some much needed words of reassurance amid the ongoing Brexit uncertainty. + READ MORE

essDOCS in Numbers

Paperless Insights Q3 2019 Metrics



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