Background

This Domain concentrates on business processes and development of trade facilitation and electronic business solutions, focussing on finance and payment services standardization. Using the UN/CEFACT Buy-Ship-Pay Model, the Domain looks into the payment and supply chain finance phase (Pay phase). The Domain identifies and launches supply chain finance projects in order to ensure that the UN/CEFACT portfolio of projects responds to the market requirements, in both the public and private sectors, and to respond to stakeholder requirements in terms of international interoperability. Supply chain finance, at its most basic, allows both the buying companies and the suppliers to improve their working capital (a crucial attribute given the recent financial crisis).

Agenda

Presentations:

• Finance and Payment Domain Meeting Presentation by Fabio Sorrentino
• Open Finance: Towards a Fully Open Ecosystem Serving Financial Innovation by Fabio Sorrentino