So why can't we take trade finance digital?
We don't have the appropriate internal systems!
Enter proprietary banking solutions.
What happened?
It hasn't worked, our systems don't talk to each other!
Enter technology solutions.
What happened?
It hasn't worked, hardly anyone uses them!
Enter ICC digital rules.
What happened?
It hasn't worked, no one knows about them!
Enter standardisation.
What happened?
It hasn't worked, adoption is so slow!
Enter MLETR and ETDA.
What happened?
We don't have interoperability; we can't talk to each other!
The same problem we started with 30 years ago!
But, the signs are positive; we have now reached a synchronous connection between technology, practice, law and rules.
Now to ensure the market knows about it!