AI, GenAI, and global legal frameworks, like MLETR, are paving the way for global interoperability in trade finance. Is your organization ready?

This IDC Spotlight paper, sponsored by Oracle, outlines the transformational shift in trade finance, with an emphasis on digitalization, AI adoption, and global interoperability. It highlights the evolution from digitization (converting paper to digital) to digitalization (automating workflows) and stresses the importance of harmonized data standards and cross-jurisdictional legal frameworks, with the Model Law on Electronic Transferable Records (MLETR) as key transformation enabler to ensure legal validity for electronic trade documents and foster global interoperability.

Download the full report to:

• Understand the growing traction of agentic AI to streamline banking operations, reduce costs, improve compliance, and enhance risk mitigation and customer engagement.
• Learn more about international standardization initiatives carried out by ICC, SWIFT, and DCSA as well as the legal and technological readiness for its adoption across jurisdictions.
• Determine how banks can improve their competitive positioning, increase revenue, and reduce costs by implementing advanced trade finance solutions within the MLETR legal framework.