Context:
The State Bank of India (SBI) has inaugurated two specialized Global Trade Finance Centres (GTFCs) in Kolkata and Hyderabad to enhance its trade finance capabilities and offer faster, tech-enabled services in import-export processing.
Key Highlights
- Focus Areas:
- Inland trade processing
- Import and export transaction management
- Digitization of document flows
- Customer Benefits:
- Faster turnaround time
- Enhanced compliance standards
- Superior customer experience through streamlined and specialized service delivery
Tech-Driven Transformation
SBI’s trade finance operations are transitioning from traditional paper-based systems to digital platforms using advanced technologies:
- Artificial Intelligence (AI)
- Machine Learning (ML)
- Blockchain
- Document Digitization
This shift is expected to enhance accuracy, speed, and risk management in trade finance.
