Modern development of trade finance

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Journal Title
Journal ISSN
Volume Title
School of Business | Master's thesis
Date
2024
Major/Subject
Mcode
Degree programme
Information and Service Management (ISM)
Language
en
Pages
55
Series
Abstract
The objective of this master's thesis is to conduct a research-based project focusing on the digitalization, automation, and optimization of Trade Finance. The approach taken in this study adopts a consultancy perspective, encompassing process mapping and efficiency improvement of the Letter of Credit processes within our case company, Stora Enso Oyj. This thesis provides a thorough examination of the history and key terminologies associated with Trade Finance. Additionally, we explore the current state of affairs and discuss potential future trends. In this thesis, equal emphasis is placed on the role of digitalization, process optimization, and automation. The research conducted and the outcomes derived from this master's thesis have proven invaluable for the company. Through our analysis, we have identified significant opportunities for digitizing and automating Trade Finance processes. Furthermore, the implementation of numerous methods outlined in this thesis has yielded practical benefits. Upon completion of this thesis, readers will gain a clear and comprehensive understanding of the Trade Finance processes and the current trends related to it’s development within a large company.
Description
Thesis advisor
Kuula, Markku
Bakajic, Misa
Keywords
trade finance, digitalization, supply chain, letter of credit
Other note
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