8 in 10 UK, US & Chinese firms consider switching to alternative finance providers for trade financing in 2020
Apr06

8 in 10 UK, US & Chinese firms consider switching to alternative finance providers for trade financing in 2020

Over 8 in 10 (83%) UK, US and Chinese firms are considering switching to alternative finance providers over traditional banks for trade finance this year, which can provide access to faster and more agile funding to help navigate the effects of COVID-19. The research of over 700 senior executives at medium-large sized businesses in the UK, US and China, by Stenn Group, revealed that even before the coronavirus outbreak, around a third...

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