Today, global trade and shipping is facing a major challenge. Exacerbated by COVID-19, the global trade finance gap has ballooned to over $3.4 trillion, partly due to centuries-old practices and the use of paper that still dominate most of global trade and shipping today.
GSBN’s Trade Finance solution enables financial institutions to leverage logistics data in their underwriting and risk management processes when they provide financing products to customers who are using GSBN’s members as their logistics service providers. Its API connectivity also to enables companies to develop new applications to address different challenges and unlock new challenges.
Trade Finance Advisory Group
GSBN’s Trade Finance Advisory Group was established to explore the technical, legal and regulatory frameworks needed to break the siloes between the global supply chain and financial institutions. Its members include Bank of China, DBS Bank, HSBC.
For more details, please contact us.