The independent, not-for-profit technology consortium Global Shipping Business Network (GSBN) welcomes the Bank of China (BOC), DBS Bank (DBS) and The Hongkong and Shanghai Banking Corporation Limited (HSBC) to form the consortium’s Trade Finance Advisory Group for digitalising trade finance.
According to the International Chamber of Commerce (ICC), there is an estimated trade finance gap of US$1.5 trillion which is projected to grow to US$2.5 trillion by 2025.
The aim of the Trade Finance...