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Trade Finance Consortia: A Market Overview

Innovative technologies go beyond browser-based solutions and reap the full benefits of distributed ledger technologies, according to a new Aite Group report.
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While internet-based technologies have made giant steps into banks’ departments, trade finance has long remained anchored at “business as usual.” Something, however, is changing here, as corporate clients are pushing for more efficient and transparent operations. Aite Group’s latest report, Trade Finance Consortia: A Market Overview, explores how banks are joining forces to create consortia running trade finance operations on a single platform generally operated on a distributed ledger infrastructure.

“Banks are joining forces to create consortia running trade finance operations on a single platform generally operated on a distributed ledger infrastructure,” states Enrico Camerinelli, senior analyst at Aite Group.

This report profiles the digital platforms adopted by trade finance consortia that made their appearance in the last 12 months, offering an authoritative guide and advice on how the trade finance dynamics are radically shaping the strategies of financial institutions. This report is based on data points from publicly available sources and on interviews conducted between October 2018 and January 2019 with North American and European main reference executives operating in banks or with technology vendors. It profiles the following consortia: Batavia, Bay Area Trade Finance Blockchain Platform, China Trade and Finance Interbank Trading Blockchain Platform, Global Shipping Business Network, Komgo, Marco Polo, Trade Information Network, Trade Information Platform, TradeLens, Vakt, Voltron, and we.trade.

To speak with Enrico Camerinelli about this topic, please contact Aite Group at pr@aitegroup.com.

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