PODCAST | How alternative lenders are changing trade finance
Bridging the $2.5tn Gap: How Alternative Lenders Are Reshaping Trade Finance
The global trade finance gap has widened to an unprecedented $2.5 trillion, leaving countless SMEs without access to vital capital. As traditional banks retreat due to regulatory costs and risk aversion, a new wave of alternative lenders is stepping in to fill the void.
In this episode of the Trade Finance Talks podcast, Charles Osborne (from Trade Finance Global) sits down with Saurabh Goyal, CEO of Phlo Systems, to dissect this paradigm shift. Together, they explore how non-bank financial institutions are leveraging agility and technology to service market segments that banks have left behind.
Listen to the full episode to discover:
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Why the trade finance gap continues to grow despite market demand.
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The structural advantages alternative lenders have over traditional banks.
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The critical role of digitalization and specialized software (like finPhlo) in reducing operational costs and managing risk.
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Predictions for the future of trade lending in 2024 and beyond.