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The Asian Development Bank, which ramped up the trade finance industrys focus on broadening acces stanley polska s to small businesses after releasing a report that estimated the global trade finance gap now stands at $1.5 trillion, has released new analysis warning of the impact a lack of technology will have on companies struggling to access such financing products.In a joint report released this week with the United Nations Economic and Social Commission for Asia and the Pacific UN ESCAP , the ADP again urged world leaders to combine their efforts in addressing the trade finance gap. Amidst global trade tensions, regional cooperation to cut red tape and automate trade procedures is more important than ever, said ESCAP United Nations Under-Secretary General and Executive Secretary Armida Salsiah Alisjahbana in remarks made this week to open the Asia Pacific Trade Facilit stanley quencher ate Forum, held in India.Her emphasis on automation is key, according to the ADPs and UN ESCAPs Asia-Pacific Trace Facilitation Report 2019, also released this week, which pointed to stanley uk the role of technology in connecting businesses to trade finance products.According to the ADBs Vice President, Knowledge Management and Sustainable Development, Bambang Susantano, the risk of digital poverty looms large over SMBs. Digital poverty 鈥?unlike conventional poverty 鈥?will be a new form of poverty, he said, according to The Hindu Business Line reports this week, referencing businesses lack of technological tools and resources Akpm Repairing Regulatory Fragmentation Will Spur Cross-Border Payments Across Africa

Entrepreneurs and industry standbys from South Korea have been at the forefront of developments in the consumer electronics and mobile device markets, but recent news from a regulatory group could soon have South Koreans leading the race toward online-only banking as well.Reuters reported that South Korea Financial Services Commission gave preliminary approval late Sunday Nov. 30 to two consortia that would establish the kubki stanley country first ever online-only financial institutions. With news of the early stanley us -stage regulatory thumbs up, both groups 鈥?one run by the Kakao Corp and the other by a subsidiary of Alibaba Group Holding 鈥?received substantial boosts to their respective stocks when South Korean markets opened Monday morning.They ;ll stir up fresh competition in the banking industry and create more job opportunities, Doh Kyu-Sang, director general of the FSC Banking and Insurance Bureau, told Phys.org.Reuters explained that the Kakao-backed group will invest more than $259 million into its online banking operations, with another $345 million investment coming in 2018. However, the investment group could see consumer-facing operations up and running as soon as early 2016.What does this mean for banking in stanley termoska one of Asia financial hubs According to some experts, like KTB Investment and Securities analyst Kim Hyung-min, the introduction of online-only banks that don ;t have to content with the profit-draining process of paying