icc banking commission jakarta 2017: day 2(thurs 6 april) 11.15 trade finance digitalisation:...
TRANSCRIPT
TradeFinanceDigitalisa0onOpportuni0esandObstacles
• Opportunity– TechnologyEvolu0on– DLTTechnologyacceptanceand
realisa0onofitspoten0al– Mindsetchangetofindnewsolu0ons
acrosscompetencies(Innova0on)– Willingnesstoexperimentandexplore– Marketengagement– Inclusion/EngagementofSME’s– Profitabilityandcostpressureonall
par0es
• Obstacles– Legalframeworksandlegalacceptance– DigitalCompetency– Currentorganisa0onformsandrulesof
engagementnotfitforpurpose– ManagersandOrganisa0onsstuckinexis0ng
paradigm– FindingaBusinesscasethatcreatesmul0ple
benefitsamongpar0eswithwin/winscenarios– Coordina0onofallpar0estoatransac0on– Globalco-ordina0onforengagementand
development
TradeFinanceDigitalisa0on
• Whatistheobjec0veofDigitalisa0on?• Whichcompetenciesinternallyandexternallyneedtobeinvolved?• Whatglobalorregionalbodyisgoingtoregulate?• WhataresuccessstoriesandpiPalls?• WhataretheDo’sandDon’ts?• Whatarethebiggestconcernsandfears?• WhatcantheICCdomoretohelptheindustryanditsmembers?• Whoelsethenbanksneedtogetonboardinordertoscalesomethenewsolu0onsand
technologies?
TradeFinanceDigitalisa0on-Issueswewanttoaddressattoday’spanel
Greatextent
Somewhat
VeryLiRle
Notatall 15%
11%
18%
19%
overall
Deg
ree
ofdigitaliza0
on
Rejec0onratefortradefinancetransac0ons0% 20%
Rejec0onratesdonotdeclinewithlevelofdigitaliza0on
Tradefinanceusersrela0velyunfamiliarwithdigitalalterna0ves
0
10
20
30
40
50
Debt-basedsecuri0es P2P Crowdfunding
43%recogni0onrate
4%usage5%usage
15%usage18%recogni0onrate
28%recogni0onrate
%