The February 2023 Aite-Novarica Group report analyzes the trade finance software market, noting its role in helping financial institutions automate and optimize trade operations for corporate clients. Modern solutions are increasingly modular to enhance banks’ trade finance capabilities and reduce corporate trade risks while maximizing returns. Fully digitized global trade processes and documents are accelerating working capital finance opportunities. Banks aim to expand by digitizing receivables finance, payables finance, and trade lending. Rising fintech influence is driving automation and ecosystem connectivity, with global trade finance software spending projected to reach $925 million by 2025.

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