The International Chamber of Commerce’s (ICC) Global Survey on Trade Finance, which gathered insights from nearly 350 participants across more than 80 countries, including contributions from experts from the Asian Development Bank (ADB), AUSTRAC, Boston Consulting Group (BCG), Coriolis Technologies, HSBC, Kountable, SWIFT, and TXF, confirms that supply chain finance (SCF) and digital trade are top growth priorities for banks. According to the survey, 86% of those focused on SCF see it as an immediate or near-future priority, while 84% of those concentrating on digital trade agree.

Despite this consensus, there is a notable disparity in supply chain finance offerings and digital investment levels among global versus local banks. While 64% of global banks currently provide SCF platforms, only 13% of regional banks and 13% of local banks do so. Similarly, although 83% of global banks have a digital strategy, just 46% of local banks report having one, indicating an increasing gap between institutions of varying size and reach.