Supply Chain Finance: Banks Test Partnerships with Fintechs
Supply Chain Finance: Banks Test Partnerships with Fintechs
1 PagesSupply chain finance has emerged as a rare growth opportunity for commercial banks, proving resilient through the Covid-19 crisis and reaching about $1.8 trillion in global volume. The market is expected to grow 15 to 18 percent annually through 2024 in Europe and the Americas, far outpacing overall corporate banking revenue growth. Much of this expansion is driven by nontraditional, digitally enabled products, prompting banks to partner with fintechs to meet increasingly sophisticated client needs. Success depends on careful collaboration, strong technology, and maintaining direct customer relationships while offering integrated, one-stop solutions.
