C&M: Global industry for trade financing to be driven by increasing adoption of regulatory norms
Global Trade Financing Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-18 07:36:01
The Global Trade Financing market is to grow at a CAGR of 3.14 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing adoption of regulatory norms. The Global Trade Financing market has also been witnessing the change in demographics which affects the flow of trade finance. However, the lack of trade finance in developing regions could pose a challenge to the growth of this market.
The banks are gradually changing and adopting a different approach. The focus is shifting from a product-centric operating model to a client-centric model, because this enables banks to provide clients with more customized and personalized solutions and services. This helps the banks to create a niche market and strengthens their relationships with selected market segments. There will be similar reciprocation from the trade finance vendors as they establish strong relationships with key banking partners to ensure smooth supply of funding in times of financial crisis.
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