07 October 2022

Duplicate Financing: What is it, how can we resolve it, and how does it contribute to the trade finance gap?

Read about duplicate financing in trade finance; what it is, and how it impacts the real economy.

Duplicate financing is a significant fraud challenge for financing institutions, one that they find difficult to detect and prevent, mainly due to the fact that they operate in information silos.

This SWIFT Institute commissioned briefing paper, authored by Dr Ramandeep K. Chhina, examines the issue of duplicate financing fraud in trade finance. It discusses the concept of duplicate financing, along with its implications for the real economy and its role in widening the trade finance gap. The paper outlines potential approaches or solutions to address duplicate financing fraud and highlights the digitalisation of trade finance as a key strategy.

Read the key highlights

Read the full report

By Nancy Murphy

New Call for Proposals on Responsible AI: What does ‘fairness’ mean when consumers are not directly impacted?

The SWIFT Institute invites proposals for research on the Responsible AI: Fair Play, a analysis of how to define “AI...

Read more
By Dave Ivy

Announcing three new Call for Proposals

Swift Institute is seeking research proposals, due on June 1, on the following topics: Exchange & Capital Controls: Economic &...

Read more