TechNavio recognizes the following companies as the key players in the Global Trade Financing Market: BNP Paribas S.A., HSBC Holdings plc, JPMorgan Chase & Co., and Mitsubishi UFJ Financial Group Inc.
Commenting on the report, an analyst from TechNavio’s team said: “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.”
According to the report, one of the major drivers in this market is the regulatory norms brought into effect by Basel III. These regulations have enforced the banks to incur of high costs to cover the risks, which eventually increase the pricing for the clients.
Further, the report states that one of the main challenges in this market is the diminishing trade financing in developing countries. Due to the financial meltdown, the growth in the value of trade finance has remained very sluggish, particularly in developing countries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-trade-financing-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Trade Financing Market 2014-2018
