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Financial Times

HSBC takes tech route to end trade paper trail

HSBC takes tech route to end trade paper trail

  • 10.08.2017
  • 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.