While the world speeds ahead towards a world of futuristic automation, the trade finance world remains firmly stuck in the 20th century, with some fundamental processes still resembling those of medieval times. “It is widely acknowledged that trade finance is reliant on archaic, paper-based processes that have no place in the 21st century,” says Christoph Gugelmann, CEO of trade technology platform Tradeteq. Compared to the near instantaneous trades on the New York Stock Exchange, trade financing transactions could take weeks to clear. 

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