Trade finance gaps continue despite fintech breakthroughs

Trade finance gaps continue despite fintech breakthroughs

ADB estimates the 2017 global trade finance gap at $1.5 trillion. 2017 was the year that blockchain fully captivated trade finance. Every discussion of trade finance included at least a mention of financial technology (fintech). In the annual ADB Trade Finance Gaps, Growth and Jobs Survey , we expected to find the 500+ surveyed banks and 1,300+ firms reporting significant changes in the trade finance ecosystem. What we found instead suggests that while trade and finance are changing dramatically, trade finance is shifting more slowly. This is an important distinction for policy makers seeking to drive more finance to […]