Exploring Challenges and Solutions in the Digital Transformation of Supply Chain Finance for Commercial Banks

Abstract

The advent of digital technologies has made supply chain finance a focal point for commercial banks seeking to boost operational efficiency and strengthen market competitiveness. Nonetheless, the journey toward digital transformation in this sector is fraught with challenges spanning technological limitations, organizational barriers, and regulatory constraints. This study delves into the key obstacles faced by commercial banks in digitizing supply chain finance and offers targeted solutions. Through a comprehensive analysis of the digital transformation landscape, this research identifies prevalent issues and addresses the interconnected challenges across technology, organi-zational culture, and regulatory frameworks. Proposed strategies include fostering innovation in technology, reshaping organizational dynamics, and aligning with evolving regulatory policies. The findings offer actionable insights and theoretical guidance for commercial banks navigating their digital transformation journey in supply chain finance, contributing to the broader advancement of digitalization within the financial sector.