Private credit, partnerships, and platforms — reshaping trade finance from the rooftop in New York, In partnership with Trade Treasury Payments (TTP).
At the LiquidX Rooftop Event in New York City, Trade Treasury Payments (TTP) spoke with industry leaders from banks, fintechs, and service providers to explore how technology, partnerships, and new sources of liquidity are reshaping trade finance.
Dominic Capolongo, Chief Revenue Officer at LiquidX, said, “It’s an opportunity for folks from around the industry to gather, spend some relaxing time, and talk about where the market is going… One of the things we’re hearing a lot about is distribution.”
Paul H. Simpson, Vice Chairman at Broadridge, said, “If you take asset managers or areas where operations and service are needed, LiquidX provides the workflow and the technology, and Broadridge can step in and help on that.”
Marco Fracchia, Managing Director for Trade and Supply Chain Finance at Intesa Sanpaolo, said, “Banks obviously bring their corporate relationships, balance sheet, and funding capabilities, while the fintechs can really deliver on providing digital solutions – both the digitisation of assets, as well as onboarding and execution – the backbone to supplier finance programmes.”
Cory Speece, Managing Director for Supply Chain Finance and Global Trade at Huntington National Bank, said, “When you consider the types of programmes that regional banks of our size and smaller had been working on before the advent and infusion of technology like LiquidX’s, we were relegated to really small programmes with one seller, maybe one account debtor, a handful of invoices.”
Jordane ROLLIN, Managing Director and Head of Trade Finance and Working Capital, GTB Products at TD Securities, said, “Historically, banks and corporates were looking at ways to get more efficient in reconciling POs and invoices and making sure that data matched when they received various payments.”
“The client benefits are first about turnaround time, and then efficiency as well… Whereas before you would have to think about how to remove the paper from the equation, now, if you have a technology that allows you to extract data from paper and then run the checks directly, you don’t need to change as many of your processes. That’s what’s helping both banks and corporates.”
From private credit to data analytics, partnerships are blurring the traditional boundaries between banks, fintechs, and investors, building a more connected, inclusive, and technology-driven market.
Watch a short version of the video below, or read the full TTP article here.