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BAFT is the leading global association for international transaction banking. As a worldwide forum for analysis, discussion, and advocacy in international financial services, BAFT is embracing new technology for trade and cash management products and is particularly focused on leveraging distributed ledger technology.
BAFT’s Innovation Council was established to focus on emerging technologies, track use cases beneficial to the transaction banking industry, and engage with policy makers encouraging innovation while maintaining clarity around stakeholder roles and responsibilities of all stakeholders making up the financial industry ecosystem. BAFT continues to communicate to policymakers globally the need to rationalize laws and regulations to best leverage the developing technology and business models for the financial services industry.
BAFT is an industry voice educating policy makers in various jurisdictions on the numerous benefits of distributed ledger technology (DLT) and artificial intelligence (AI) in transaction banking.
Bringing trade finance into the digital age
Over the past few years, blockchain and distributed ledger technology have been positioned as the potential solution for flatter, smarter and more connected global trade and commerce. But, why hasn’t adoption by the industry taken off yet? This discussion examines BAFT’s DLPC Best Practices publication to find explore the challenges surrounding digital trade finance.
- BAFT Innovation Council
- Distributed Ledger Technology
- Artificial Intelligence
- Trade Digitization