- From: 01 Dec 2016 To: 02 Dec 2016
- Berlin, Germany
Bancomext CEO, Alejandro Diaz de Leon talks to Trade Finance about the bank’s objectives and Mexico’s export potential.
Bank’s traditional trade finance businesses face potentially disruptive threats, as the demand for digital instruments that can take over from archaic paper documentation is becoming more apparent than ever. Blockchain and the BPO remain vital in this progression, but their value and deployments still need to be recognised further, in addition to a fully integrated trade finance platform that is a
Despite China’s continued economic slowdown, the internationalisation of its currency, the Renminbi (RMB), continues to make good progress: over 1,800 financial institutions are now using the RMB for payments with China and Hong Kong.
|Rank||Company||Total US$ m||Transactions||Market Share (%)|
|2||Sumitomo Mitsui Financial Group||13,359.68||110||3.68|
|3||Mitsubishi UFJ Financial Group||12,697.59||127||3.50|
|7||China Exim Bank||11,121.02||19||3.07|