Trade finance is being reshaped by the intertwined pressures of sustainability, digitalisation, and geopolitical turbulence.
The International Sustainable Trade Finance Framework (ISTFF), adopted by many banks including Standard Chartered, aims to standardize what āsustainable tradeā looks like across markets.
While the technology and standards for digital trade are emerging, interoperability between different platforms remains the biggest hurdle, especially for emerging markets.
Trade finance is being reshaped by three intertwined pressures: sustainability, digitalisation, and geopolitical turbulence. As emerging markets push for economic growth, banks face the difficult task of balancing development needs with global demands for environmental, social, and governance (ESG) stand...