For centuries, the bill of exchange was regarded as an important instrument of payment and credit in international trade. However, with the digitalisation of payment transactions, the paper-based document has increasingly lost its significance. How its advantages can be transferred to the digital world and what new opportunities this presents will be the topic of the next edition of the ‘Banking & Finance’ forum at the Hochschule Niederrhein (HSNR).
The event will take place on Tuesday, 17 November, at 6 pm in the university’s main auditorium (Audimax), Webschulstraße 41–43, Mönchengladbach. Admission is free. External guests are asked to register by email: forum_bankingandfinance(at)hs-niederrhein.de
For centuries, the bill of exchange combined various functions: it served as a promise to pay, enabled the granting of credit, and provided security, transfer and evidence functions. The lecture will focus on which of these advantages remain relevant in the digital age and how they can be utilised in a contemporary context.
The guest speaker is Dr Sven Weissmann. He is CSO and a partner at Traxpay GmbH, based in Frankfurt am Main. In his lecture, he will explore how this traditional financial instrument could experience a renaissance through digital solutions.
The forum is organised by Dr Bernhard Müller, Professor of General Business Administration with a specialisation in Finance at the Faculty of Business Administration and Economics at HSNR.
