As the pace of digitisation accelerates worldwide, adoption of cloud-enabled solutions is set to transform trade finance. Surecomp is at the forefront of this trend, while upholding the highest standards of data protection, regulatory compliance and risk management to increase collaboration between banks and corporates and across markets and sectors.
Joseph Giarraputo, the Founder and Editorial Director of Global Finance, talks to Arjo Haksteen, Surecomp’s Head of Solution Consulting, about how cloud-based digital transformation is reshaping trade finance and the ecosystem of banks, corporates and cloud providers.
Selected by Global Finance as Best Trade Finance Software Provider for the third consecutive year, Surecomp is well-positioned to capitalise on this shift.
Haksteen explains that banks want to digitise processes to improve the customer experience by deploying new features and more personalised services and delivering them faster. Yet ‘anytime, anywhere’ solutions require real-time data insights, unlocking the potential of modern technologies, such as artificial intelligence (AI) and blockchain.
Digitisation drives greater cost efficiency, scalability and standardised software. This in turn makes trade finance solutions easier to scale and quicker to bring to market, and also enhances integration across various trade platforms and solutions.
By using reputable cloud service providers that have invested in the right infrastructure, compliance and monitoring capabilities, solution providers with rigorous protocols and controls, like Surecomp, can guarantee date protection andconfidentiality via a robust security and risk framework.
“The revolution of AI and machine learning will continue to go beyond our imagination, and we will see practical applications of blockchain and DLT technology,” says Haksteen. Widespread adoption of paperless digital trades and end-to-end digital workflows will lead to greater interoperability between different platforms and market segments, along with industry specific, multi-cloud strategies.
Watch for a deeper understanding of what’s driving digital trade finance and to learn how Surecomp is delivering best-practice, cloud-based solutions for corporates and financial institutions alike.
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