Displaying items by tag: technology
Mitigram is the most trusted network in Trade Finance and used by many of the world’s largest corporates and banks. This video will show how the Open Market Discovery module can help banks to see more business opportunities and acquire new customers.
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.
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.
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.