Interviewed By TABLive
Kai Fehr, global head of trade and working capital, Standard Chartered Bank talked about trade platforms and how marketplaces are transforming supply chain finance for clients and partners. He shared that channelling financing in the supply chain industry is critical, amid liquidity and credit crunch. He sees that the ASEAN markets will be the largest winner in the changes that are happening in the global supply chain. “Our friends in Vietnam did an amazing job to attract business. And they are accelerating that path. You have other countries like Indonesia, Malaysia, as well as Thailand, benefiting from it,” Fehr said. StandChart also announced the launch of Trade Track-It, a one-stop digital trade transaction portal that offers its clients end-to-end visibility of their trade transaction status globally. “Capitalising on the digital advances that we've made in the pandemic era, we, as an industry and as a bank, got an amazing amount of unique opportunities ahead of us. Whether it’s using technology such as distributed ledgers, working with central banks on building digital currency capability, whether it's working with interconnected networks to create a seamless frictionless cross-border payment experience for a corporate client and the consumers out there,” he said.
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