Displaying items by tag: digitisation
Mitigram's Head of Asia, Johan Egnell will join the European Chamber of Commerce, Singapore (EuroCham Singapore) panel on Digitalisation in Trade Finance on May 12 *Wednesday) at 9AM SGT together with SWIFT, ING and Fratelli Cosulich Group.
"Globalization and digitization have transformed companies into digital enterprises, and new market opportunities and counterparties can potentially be found and exploited quickly, However, trade finance has not kept up." said Mitigram's CEO Milena Torciano in her recent interview with PYMNTS.
Lower commodity prices and scarcer demand have been pushing some African countries into deeper recessions, especially those heavily depending on the export of metals and oil. According to GTR the risk of sovereign default has grown across countries in Africa because of currency risk and higher debt levels. In such a challenging environment, trade finance executives have urged MDBs (Multilateral Development Banks) to “intervene decisively” and increase risk appetite in the continent by providing credit support to banks.