Tradewind Finance, a global trade finance firm, proudly participated in the 10th Supply Chain Finance Summit in Madrid that was hosted by receivables finance news provider BCR Publishing in partnership with FCI, the global representative body for the factoring industry. Johan Geduhn, Chief Compliance Officer, Chief Sustainability Officer, & Executive Director at Tradewind, spoke at the two-day event, held from January 24-25, on a panel addressing the role of financial inclusion in supply chains and SCF.
Mr. Geduhn and fellow panelists discussed why supply chain finance is often promoted as encouraging financial inclusion, how it has achieved this, and other steps that can be taken to this end, per BCR’s agenda for the event. The panel was moderated by the Trade Advisory Network and panelists included representatives from Caixa Bank and the EBRD Trade Facilitation Programme.
Financial inclusion, which is facilitated by convenient tools like mobile banking, digital wallets, and blockchain, has been known to have positive impacts on underserved communities and businesses, boosting economic growth and creating more resilient supply chains, BCR pointed out in its agenda.
Mr. Geduhn also described financial inclusion to mean: “Financial inclusion is the bridge that allows us to connect more and less developed countries to each other and enable the latter to fully participate in global trade, economy and prosperity.”
In highlighting the role of technology in financial inclusion and the sustainable growth of supply chains, Mr. Geduhn added: “Technology will help financial products in general regarding standardization, reducing the paper trail and streamlining both consumer and business transactions while making them more accessible.”
At Tradewind, the firm’s services continue to promote financial inclusion by catering to the needs of SMEs, or small and medium-sized enterprises, who may not always qualify for traditional bank loans. By eliminating the collateral requirement, accelerating cash flow for their clients, and including credit protection in their financing packages, Tradewind equips small and medium-sized businesses to overcome financial challenges when trading internationally, enabling them to achieve growth and thrive.
About Tradewind Finance
Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, India, Pakistan, Peru, Turkey, UAE, and the USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world’s exporters and importers.