In the latest FXX-MM Magazine from June 2017, Dani Cotti, CFO of TradeIX was interviewed on Digitalisation of Trade Finance. Please find an extract below.
TradeIX, CFO Dani Cotti, refers to the need to reduce the cost and time needed to update infrastructure to operate in a digitalized manner, as well as the regional regulatory changes required to accept digitalised rather than paper-based documents.
“In addition, the legal enforceability of digitalised documents needs to be adjusted accordingly in the various jurisdictions,” he says. “There are several regulatory benefits for trade finance digitalisation, though, the obvious being transparency and getting access to transaction and business data far more quickly. Trade finance digitalisation is in the interest of regulators and I expect them to embrace and support the industry’s efforts in this regard.” Read more here: FX MM