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How Banks Are Improving Trade Finance Operations

How Banks Are Improving Trade Finance Operations

Bank trade finance operations units must prioritize areas that impact their client relationships and bottom line.

Boston, August 2, 2018 –Trade finance profits around the world are squeezed by costs of operations, fraud prevention, and especially costs for compliance. Although trade finance is part of a bank’s core business, the high number of players in the market reduces the added value, and competition is based on price. How can banks reduce the operational burden suffered by their relationship managers and operations teams?

This report investigates how much RMs are overburdened by administrative duties and how much time they could save to focus, instead, on value-added activities. Aite Group collected data from informal conversations with international bank trade finance executives between March and May 2018.

This 27-page Impact Note contains 11 figures and seven tables. Clients of Aite Group's Wholesale Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.

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