Digital finance forum: AI, data must link ‘digital islands’ to smooth trade finance

The use of technology in trade finance is advancing from digitising existing paperwork to re-engineering entire processes with artificial intelligence and shared data, according to bank executives at the Development & Innovation of AI for Digital Finance forum on Monday in Hong Kong. “When we are talking about digitalisation, we are actually making the current process digital,” said Raluca Popa, head of global trade solutions, commercial banking, Hong Kong, HSBC. “The future will require a...