The International Bank headquartered in South East Asia operates in 50 countries, mainly dealing with commercial customers to facilitate cross-border trade transactions.
With its extensive network of branches and expertise in international trade, the bank provides a range of financial products and services to meet the needs of its customers. The bank’s commitment to innovation and technology ensures that it stays ahead of the curve in providing efficient and secure banking solutions to its clients.
Banks in the space of corporate risk sell down face several risks that can impact their operations, profitability, and reputation. One of the main risks is the possibility of significant losses due to credit defaults or market volatility.
Additionally, these banks may face legal and regulatory risks, including non-compliance with anti-money laundering and other financial regulations. There is also a risk of reputational damage due to negative publicity or customer dissatisfaction, which can lead to loss of business and market share.
Furthermore, banks in the space of corporate risk sell down may face operational risks such as errors in data processing or system failures. Overall, effective risk management strategies are critical for these banks to minimize these risks and ensure long-term success.
The use of blockchain technology from #dltledgers for tracking the source and provenance of commodities has streamlined the way the operations teams manage the supply chains.
With the blockchain-based solution, companies can now easily trace the origin of key commodities, ensuring compliance with sustainability standards and regulations.
This provides a high level of transparency and accountability across the entire supply chain, enabling companies to simplify their ESG reporting and make their partners more accountable for sustainable practices.
The result is a more efficient and sustainable supply chain that benefits both businesses and the environment.
We see the blockchain based transactions as the latest example of how working together and using technology to solve challenges can improve trade, working capital flows, multi-tier visibility as well as traceability, food safety, nutrition and more.