Case study – New tools in the fight against fraud
Events / 17-11-21 / Share Link
Well-publicised incidents of fraud have had a devastating impact on the bottom line and reputation of the trade finance industry, with regulators highlighting significant issues relating to both credit risk analysis and financial crime controls. The ability to check for duplication of all manner of documents before undertaking decisions on financing could prove crucial in restoring confidence to the sector.
With many viewing technology as key to achieving this objective, experts at GTR Asia 2021 Virtual consider the importance of taking a global lens to trade finance fraud, of gaining sufficient reach to address challenges in a more coordinated way through the adoption of global API standards, identity and security.