Bain uses cookies to improve functionality and performance of this site. More information can be found in our Privacy Policy. By continuing to browse this site, you consent to the use of cookies.

Financial Times

HSBC takes tech route to end trade paper trail

  • August 10, 2017
  • min read

Financial Times

HSBC takes tech route to end trade paper trail

Consultants caution that trade finance lacks more than technology: that the Victorian system has endured so long is testament to the lack of alternatives and absence of standardization. Unlike in, say, ecommerce, there is no ecosystem of banks, shippers, ports and customs.

“Banks and others have been working on this for decades,” said Thomas Olsen, a partner with Bain & Company.