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Buyers and suppliers stand to benefit from the greater transparency and coordination enabled by the digitalisation of supply chain finance platforms, says Mashreq Bank
Digitalisation can help narrow the global gap between available supply chain finance and the funds currently in use, according to Reda Ezzat, Senior Vice-President, Head of Trade and Structured Finance at Mashreq Bank.
Experts from Mashreq Bank credit the changing economic landscape and rising role of digitalisation in enhancing supply chain finance solutions
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UTC’s digital trade platform goes live with 7 banks rohma@khaleejtimes.com Filed on April 19, 2021 One of the first commercialised blockchain applications in the country, the platform will create an ecosystem for multiple trade-related entities UAE Trade Connect (UTC), a new nationwide blockchain platform, has officially gone live on Monday to help financial institutions combat fraud and duplication. Co-created by Etisalat Digital, seven leading UAE banks and Avanza Innovations, the idea was first proposed by First Abu Dhabi Bank to tackle key issues in the trade finance space. ...