ICC Banking Commission recognized as best global digital innovator in trade finance

In view of its work in influencing policy and setting international trade finance rules and guidelines, as well as providing market intelligence and online education for trade finance institutions around the world, ICC’s Banking Commission has been named “Best Global Digital Innovator in Trade Finance” in the 2015 Trade Finance Global Excellence Awards.

“We are delighted to receive such a prestigious award, which recognizes the evolution and expansion of the Banking Commission’s work as we strive to keep pace with the changes taking place in world markets,” said Emily O’Connor, Senior Policy Manager, ICC Banking Commission. “We are dedicated to remaining at the forefront of trade finance innovation and digitalization, building on our wealth of experience while expanding in new areas through standards-writing, policy-making, market intelligence and education.”Two of the most significant areas in which the ICC Banking Commission has taken the lead in forging a more digital trade finance industry are the Bank Payment Obligation (BPO) rules, and online access to trade finance education through the ICC Academy.

We are delighted to receive such a prestigious award, which recognizes the evolution and expansion of the Banking Commission’s work as we strive to keep pace with the changes taking place in world markets.

“The strategic focus of the Commission is to enhance standardization and global harmonization of processes, regulations and formats in order to encourage cross-border trade, to disseminate knowledge and awareness of the importance of trade finance to global prosperity, and to work with regulators to ensure effective regulations,” says Emily O’Connor. “In the modern trade finance landscape, a digital approach is essential to achieving these goals.”

With over 80 years of experience and more than 600 members in over 100 countries, the ICC Banking Commission is ICC’s largest policy commission and has gained a reputation as the most authoritative voice in the field of trade finance.

Click here to learn more about the ICC Banking Commission Click here to learn more about the Trade Finance Global Excellence Awards

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