Results from the International Chamber of Commerce’s (ICC) Global Survey on Trade Finance, based on insights from around 350 participants across over 80 countries, and enriched by contributions from experts from organizations such as the Asian Development Bank (ADB), AUSTRAC, Boston Consulting Group (BCG), Coriolis Technologies, HSBC, Kountable, SWIFT, and TXF, have been released. Supply chain finance and digital trade are identified as critical growth areas for financial institutions, with 86% of respondents in supply chain finance and 84% of those involved in digital trade indicating these as either immediate or near-future priorities.

A notable disparity was observed between global banks and local or regional ones regarding their supply chain finance programs and investment in digitization. While 64% of the global banks surveyed currently offer SCF platforms, this figure drops to just 13% for local banks and 38% for regional banks. Additionally, although 83% of global banks have a digital strategy, only 46% of local banks reported having such a plan, indicating an increasing gap among financial institutions of different sizes.