FinTech in trade and trade finance

A look at FinTech, blockchain and smart contracts highlighting their relevance to trade finance.

FinTech is now a commonplace term used generically to describe new and innovative financial products born out of technology, ranging from consumer and SME focused e-payment and money transfer services, P2P lending platforms and alternative currency exchange providers to investment advice provided by AI and complex transactions executed on the blockchain and of course Bitcoin. In essence though, FinTech simply refers to the delivery of financial services by means of software or technology.

In the attached article, we look at FinTech, blockchain and smart contracts highlighting their relevance to trade finance.

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This document is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document. Simmons & Simmons is registered in Singapore as a foreign law firm. We are not admitted to practise in Singapore and cannot, and do not purport to, provide Singapore legal services. We are, however, able to co-ordinate with local counsel to issue a formal legal opinion should this be required.