Finance News

Story: ICC 2020 Survey’s Revelation on World’s Trade Finance.

By Ayobami Abiola

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ICC 2020 Survey Reveals deep truths about World trade Finance

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Big Hurdle: Paper-use

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What Xinfin Blockchain is doing about these Challenges

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XinFin’s Tradefinex in Education

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The future, fate and the hopes of Small to Medium Enterprises, SMEs are beginning to look brighter as alternative financing is becoming their safe haven after they have been…

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The 2020 International Chamber of Commerce ICC survey reveals some foundational truth about the current state of the world’s trade finance.

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“From Big Data to blockchain, everyone agrees that digital technologies hold immense transformative potential for the global trade finance industry, which remains largely…

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Only 21% of the respondents have, to a great extent, removed the use of paper for settlements and financing, while 46% have removed paper use to some extent, and 33% haven’t…

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It is important to note at this point that the use of paper in the financing of trade is one of the greatest barriers today.

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“The lack of inclusion of SMEs in global trade is often referenced by the SME trade finance gap, recently, it has become clear that there is a much larger underlying problem.

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Another crucial point is that Education remains a great challenge for SMEs especially in accessing financing. 

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XinFin’s Tradefinex was built specifically to solve the problems that many banks today are beginning to tackle.

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Tradefinex seamlessly connects, buyers, suppliers, financiers, and brokers to digitize or tokenize invoices, bills of lading, etc. using smart on the XDC protocol.

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World of Open Account- WOA “Alternative Finance” learning lab is focusing on the education and exposition of SMEs, Non-bank originators, and other key players to showcase their…

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