All roads lead to supply chain finance: Building an ecosystem for collaboration
We are thrilled to invite you to an exclusive webinar hosted by Finastra and CredAble. Join us as industry experts delve into the critical aspects of supply chain finance (SCF) and the benefits of a collaborative ecosystem. Bringing valuable insights from Sibos 2024, the speakers discuss how strategic fintech partnerships can elevate your SCF business, providing a competitive edge while seamlessly integrating new technologies.
Watch now and stay ahead in the ever-evolving world of supply chain finance.
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Supply chain finance (SCF) presents a significant growth opportunity for banks. The global supply chain finance market, valued at $6 billion in 2021, is projected to reach $13.9 billion by 2031, growing at a CAGR of 8.8% from 2022 to 20311
The increasing volume of financeable, highly secure payables indicates substantial potential for banks to expand their SCF offerings and capture a larger share of this growing competitive market.
However, banks face several challenges2 in running their supply chain finance businesses effectively:
- Compliance: onboarding suppliers can be complex, especially for new clients.
- Risk appetite: the risk tolerance of various parties in the value chain can limit the support that banks can provide, depending on the SCF method used.
- Cross-border complexities: different legal frameworks across regions can complicate the legalities of SCF.
- Lack of accounting and legal standards: the absence of uniform standards for certain SCF methods leads to varied implementation strategies and slow execution.
- Sustainability: the push for sustainability is transforming supply chains, requiring banks to ensure that all components meet sustainability standards.
Through the right partnerships, banks will be able to accelerate their SCF business and gain an advantage over the competition.
However, integrating new technology creates a challenge of its own; what is the blueprint for creating successful partnerships with fintechs?
Watch Finastra’s expert panel session, alongside our fintech partner CredAble, to learn more on:
- The importance of collaboration between banks, corporates, and technology providers
- Exploring ecosystem-based approaches to enhancing supply chain finance
- Some of the best examples of successful collaboration within supply chains
1Supply Chain Finance Market Research, 2031 – Allied Market Research, September 2023
2International Chamber of Commerce, Supply Chain Finance: major challenges banks face in delivering supply chain finance solutions, August 2019
