Dhaka, Nov. 25 -- Some 90 per cent of surveyed banks have identified the high cost of technology as the key obstacle to the digitalisation of trade finance in Bangladesh, a research report has revealed.

The report, titled 'Digitalization of Trade Finance: Status and Prospects', also revealed other significant barriers. Some 75 per cent of respondents pointed to cybersecurity concerns, while 60 per cent highlighted system integration gaps.

Besides, 45 per cent of banks identified limited staff expertise and legal complexities as hindrances to digital adoption.

The findings were presented at a workshop organised by the Bangladesh Institute of Bank Management (BIBM) on its Mirpur campus in the city on Monday.

The researchers conducted a ...