“As a crucial provider of trade finance, banks need to take concerted actions towards reducing the trade financing gap. “The importance becomes even more pronounced when considering the immense potential for trade, especially in emerging economies, ” he said. But financing is not the only area Standard Chartered is helping its customers with, as this forms part of its purpose in driving commerce and prosperity through its unique diversity. The pandemic has accelerated the pace of digitalisation, with Standard Chartered seeing more than 95% of its transactions performed online. EEA 2021 is organised by Star Media Group in partnership with Standard Chartered, with the Malaysia External Trade Development Corporation as patron.
Source: The Star October 26, 2020 00:56 UTC