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The Future of Trade Finance: Trade Finance at a Crossroad

Langue(s) de l'événement
English

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- by invitation only - If you would like to get more information please contact Sylvie: sberthaud[at]fccsingapore.com

According to the International Chamber of Commerce (ICC), global trade will be worth USD25 trillion by 2027, from USD18.5 trillion in 2018. About 80% of world trade relies on Trade Finance, which generates four billion pages of documents every year.

In an effort to digitize Trade Finance, the Singapore Customs launched Networked Trade Platform (NTP), bringing together players across the trade value chain onto a single platform to enable end-to-end digital trade.

BNP Paribas and International Chamber of Commerce (ICC) Academy are pleased to invite you to a breakfast seminar to discuss the latest developments in Trade Finance, including CamelONETM Trade Finance, the first unified multi-bank trade portal launched on NTP in November 2019, and Incoterms® 2020.

Programme

8:30      Registration & breakfast

8:50      Welcome Remarks

9:00      Incoterms® 2020 Certificate. Daniel Kok, Managing Director, International Chamber of Commerce (ICC) Academy

9:30      Panel discussion:Trade Finance at a Crossroad

The promise of a paperless Trade Finance with shiny new technologies like blockchain or artificial intelligence has dazzled the world over. But how does the Trade Finance ecosystem need to change in order to make the digitized alternative a reality?

The panel discussion will aim to answer some key questions and share insights on:

  • What are the most important changes that need to happen in order to digitize Trade?
  • How are local regulations impacting these changes in cross-border Trade?
  • Among the new technologies, which ones are the most promising for real, practical results?

Moderated by Professor Alexander Capri, Senior Fellow and Lecturer, National University of Singapore, Business School, with confirmed speakers:

  • Ms Choo Wai Yee, Deputy Director, Networked Trade Platform (NTP) Office, Singapore Customs
  • Mr Desmond Tay, Chief Executive Officer, vCargo Cloud Pte. Ltd.
  • Mr Edwin Chan, Head of Transaction Banking Product Management, Asia Pacific, BNP Paribas

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