Displaying items by tag: innovation
Digital solutions have proven their worth in the pandemic. Even before that, platform solutions provided a new infrastructure for trade finance. Beyond the aspect of efficient settlement, mediating supply and demand is also a significant application area.
"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.
Less than six months after launching the Open Market Discovery module, Swedish fintech Mitigram is releasing their latest, and to date biggest, add-on to their Trade Finance platform: TxM - Transaction Manager, a solution that will allow corporates to manage all their Trade Finance Transactions in one application.
STOCKHOLM, Feb. 16, 2021 /PRNewswire/ -- In May 2017, The Economist wrote an article echoing the idea that data had overtaken oil as the world's most valuable resource. For as much truth there is in such a statement, it is equally true that the only thing worse than not having data to work with, is to have "bad data" that lead to bad decisions.
Mitigram has launched a unique initiative in the Trade Finance space, with the creation of the first Trade Finance focused podcast on Linkedin. The first episode features special guest, Head of Country Risk at HSBC Ms. Victoire De Groote. Subscribe to the podcast on www.linkedin.com/showcase/trade-finance-podcast
COVID-19 has shown to the world the true colors of centralizing manufacturing in one country, China. As the economy stopped during the first lockdown, corporates started considering the idea of distributing their manufacturing needs across the globe, mostly towards new emerging markets. That is, however, easier said than done.
Over the past decade there has been a shift in strength between Western and Eastern banking. While Asia used to look at the West as an example of banking in terms of product and service innovation, the numbers recently shared in a research publication by McKinsey’s Future of Asia paints a different picture of the current situation.
Mitigram has released Open Market DISCOVERY; a significant new module that will further democratise trade finance by helping corporates, traders and banks to build global networks, access new relationships and originate new trade transactions.
The Mitigram marketplace was first piloted in 2015 alongside some of Scandinavia's largest corporations and banks, and has since then grown to 200+ top registered corporates, traders and financial institutions.