London, 3 June 2020 – International trade has seen little innovation over the last 50 years. It is still labor- and paper-intensive, and requires paper documents shared via courier. This hasn’t been helped by the increasing level of regulatory and compliance requirements. However, in recent years, there has clearly been more attention focused on the emergence of new technologies and solutions to make trade finance processes more efficient. This will hopefully drive greater standardization and regulatory alignment across geographies. The COVID-19 pandemic is further accelerating this process.

Between October 2019 and April 2020, Aite Group collected publicly available market data and interviewed six international vendors of trade finance software solutions through survey questionnaires and telephone follow-ups to understand key trends and problems they solve through the use and offering of software applications to run trade finance operations.

This 20-page Impact Report contains two figures and one table. Clients of Aite Group’s Wholesale Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions BELLIN, CGI, China Systems, Finastra, Infor, Intellect Design, Oracle, Surecomp, and SAP.