Despite the digital nature of LC processes managed on SWIFT, document presentation still relies on physical couriering. This frustrating physical presentation is a significant bottleneck in global trade, hindering growth, innovation and low LC adoption rates. At one point, efficiency in trade finance operations was simply advantageous for growth. Now, it’s essential in order for businesses to thrive.

In this post, we’ll compare the traditional paper-based letter of credit presentation process with WaveBL’s digital approach. Plus, we’ll discuss why trade finance efficiency matters and how WaveBL addresses the reliance on physical bank presentations in the traditional system.
Understanding Traditional Global Trade Finance