The global market for trade finance is expanding significantly. Increasing demand for SME trade financing, increased competition, and new trade agreements are driving this expansion. As the trade finance ecosystem continues to expand, numerous banks and technology firms are introducing innovation to this sector. To assist you in making more informed decisions, we have created a list of the 9 Most Promising Trade Finance Companies in 2022.
BNP Paribas has an impressive commercial profile and offers retail and corporate banking services in 74 countries worldwide. In addition, it has a healthy payout ratio and dividend growth.
The organization is supported by a varied and integrated model that enables all of its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to fulfil their objectives through finance, investment, savings, and insurance options.
HSBC is one of the major banking and financial services institutions in the world. The company has around 4,000 branches in more than 70 countries and territories.
It is anticipated that HSBC shares will increase in 2022 as the corporation continues to strengthen its global operations and pay dividends. It is anticipated that its capital ratio will increase while operational expenses will decrease over the previous year.
BNY Mellon (NYSE: BK) has a positive forecast for growth. In the second quarter, the bank's net interest income (NII) decreased year-over-year, although the loss was more than offset by fee and other income growth.
In addition, the company is on target to produce an EPS of $4.09 in FY2021 due to an increased cash dividend and a $6 billion share repurchase program. In addition, its shares are trading at a somewhat undervalued $55 per share.
With more than nine million personal banking accounts, Nordea is one of the major financial organizations in the Nordic region. Its goal is to offer digital products and services that appeal to a consumer base that is increasingly attracted to mobile convenience.
In 2023, Nordea anticipates a return on equity in excess of 13% due to its resilient business model. This will be supported by a cost-to-income ratio of 45-47 per cent and the continuation of its capital and dividend strategies.
LiquidX is a global technology firm that facilitates faster, better, and less expensive transactions for finance professionals by digitizing their trade finance solutions. Its flagship products leverage AI and machine learning analytics to significantly improve suppliers', buyers', and their banks' visibility, reporting, and forecasting.
Additionally, the company provides InBlock digital policy management, a comprehensive solution that cuts costs and improves efficiency for banks and their customers. The platform serves a diversified network of organizations, financial institutions, insurance companies, and other financial services firms.
Datamatics is an industry-leading digital technology business that develops intelligent solutions for data-driven organizations. Robotics, ARTIFICIAL INTELLIGENCE, AND MACHINE LEARNING ALGORITHMS POWER ITS SOLUTIONS, WHICH PROVIDE INCREASED BUSINESS EFFICIENCY IN A WORLD
The company's technologies and platforms, including TruBot RPA, TruCap+ IDP, iPM for end-to-end workflow management, and TruBI for business intelligence and data visualization, have gained significant market traction. Also, they are developing fresh technologies to enhance their portfolio.
Mitigram is one of the biggest FinTechs in Europe, with over 200 multinational firms, large commodity dealers, and top financial institutions enrolled on its global platform. It provides the seamless assessment of real-time price, risks, and capacity from partner banks while leveraging Swift connection and APIs for access to the best financing execution possible.
MitiManager, its newly introduced solution, is a completely centralized end-to-end transaction ledger that allows businesses of all sizes comprehensive visibility and control over their trade transactions and end-to-end processes. It automates the collection of trade data and secures communication between many banks via SWIFT and other APIs.
Sberbank is the largest bank in Russia and has significant development potential. As a result of lower borrowing costs, strict cost management, and an improved prognosis for the Russian economy, it has already been able to increase its profitability.
Due to a rise in oil prices, Sberbank's stock price increased in the fourth quarter, and its dividend is anticipated to continue rising. Also, the stock delivers a return on equity in the high teens, and we continue to admire the company's dominant position in the banking industry.
Santander is a multinational bank with a vast deposit franchise (demand deposits account for over EUR720B). Demand deposits are a very inexpensive source of funding and a fantastic platform for supporting lending margins. It also has a cost-to-income ratio that is reasonably constant, which helps to reduce earnings volatility. Its geographic diversity offers a variety of opportunities, which helps to mitigate the effects of economic cycles. In addition, Santander has a solid track record of dividend payments, and it is anticipated that at least 40% of its core attributable earnings will be distributed in 2022.