Historically, the Supply Chain Finance (SCF) market has been dominated by technology solutions provided predominantly by commercial banks. Today, more and more vendors specializing in SCF are entering the market, challenging commercial banks for market share. Banks and vendors are leveraging financial technology to up their game in the SCF space by developing platforms and tools to meet the needs of clients.
In this rapidly evolving market, corporates are now spoiled for options in terms of platforms to select. However, the choice can be complicated when choosing between a bank or vendor. Decision making can be daunting when evaluating multiple technology solutions, but can be simplified by considering the following:
- Ease of supplier on-boarding
- Liquidity and pricing advantage
- Relationship considerations
- Legal set-up
- Accounting
- Platform user interface
How are you deciding which technology solution provides the best value and functionality to meet your SCF needs?
Visit us at stand S038 at EuroFinance Barcelona to learn more about how our trade financing team can help you navigate the complex market for SCF technology platform providers and solutions.