Richard Tynan, Managing Director a co-founder of TradeIX participated at the ITFA (International Trade and Forfaiting Association) annual conference in Edinburgh end of last year where digitization and standardisation of receivables was a key topic.
Richard Tynan explains in the article (see link) “Many of the challenges revolve around non-standardisation. Many of these assets are small-ticket, short-lived and are non-complex – but there are many different forms of them. So how should we deal with them? First, through standardisation – but this is going to take a long period of time. Second, with technology. The technologies available today reduce the cost of dealing with the complexity. Artificial intelligence (AI) is much cheaper now. And both of these two elements are starting to come together in this space.”
To read the full article, please visit the following link: https://www.txfnews.com/News/Article/6265/Digitisation-of-receivables-In-the-spotlight-at-ITFA-Edinburgh-meeting