How can standardised global processing benefit trade finance?
The banking industry has evolved amidst a decrease in financial activity and an increased pressure on cost reduction. Global corporations now expect consistently high levels of customer service. However, the challenge for banks is to offer specific, localised knowledge for domestic markets, while offering a consistent global service to their corporate customers.
Trade finance is now looking at the challenges and potential benefits of standardised worldwide processing or ‘global processing’ – the ability to complete financial transactions regardless of location.
Finextra have gathered a panel of experts to discuss issues surrounding global processing and the implications for trade finance. Join us to hear from:
- Enrico Camerinelli, senior analyst, Aite Group
- Gareth Watts, head of Trade and Supply Chain Finance Product and Structuring, EMEA at Bank of America Merrill Lynch
- Sameer Sehgal, MD, Trade Head EMEA, GTS at Citi
- Mike Lamond, Product Manager, Trade Services, Misys
Our panel will discuss:
- What does it mean for a bank to offer a ‘complete, global service’?
- What are the benefits of global processing?
- What are the challenges of global processing?
- What does global processing mean in a practical sense – what are the business issues that will be addressed?
- What are the risk and governance issues brought up by globalisation?
- What are the biggest risks to not implementing global processing?
- Is the main resistance to global processing a ‘fear of change’?
- What are the opportunities for trade finance?
Register now to view this webcast