Commerzbank Partners with GTC to Further Digitize and Automate its Trade Finance Business
Commerzbank has entered into a strategic partnership with GlobalTrade Corporation (GTC), a leading Canadian application services provider of innovative multi-bank trade finance solutions. The bank plans to utilise GTC’s @GlobalTrade™ platform to strengthen its digital trade finance product range.
As one of Europe’s leading trade finance banks, Commerzbank holds the digitalisation and automation of processes as key priorities. This partnership leverages Commerzbank’s unique network footprint and GTC’s multi-bank technology, coupled with SWIFT connectivity, to meet the trade finance needs of corporate clients across the globe more efficiently and effectively.
“We are very pleased to have found a strategic and reliable business partner in the trade finance business in GTC. Together we will provide digital, multi-bank trade finance solutions to our clients as well as an expanded range of trade products,” said Klaus Josef Müller, Head of Trade Finance and Cash Management Product Management at Commerzbank.
"We are excited to work with Commerzbank to deliver meaningful solutions to their corporate clients,” said Nick Pachnev, GTC’s Chief Technology Officer. Combining our technology with Commerzbank’s leading capabilities in trade services will offer a powerful solution that will benefit corporates engaged in export and import of products and services.”
GlobalTrade Corporation (GTC) is a software developer and application service provider whose product solutions improve the world of trade finance and trade services. The @GlobalTrade systems help buyers, sellers, traders, and financial institutions communicate faster and more efficiently while reducing risk and improving monitoring and control. Their customers include both business enterprises that need consolidated access to multiple banks as well as financial institutions that require supply chain finance solutions to meet their clients’ needs. @GlobalTrade™ is a registered trademark of GlobalTrade Corporation. For more information please visit: www.globaltradecorp.com .
About Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
CA-VELODYNE-LIDAR,-INC.16.8.2019 14:02:11 CEST | Press release
Velodyne Files Patent Infringement Complaint with ITC Against Hesai and RoboSense
MERZ-PHARMA16.8.2019 11:28:06 CEST | Press release
Merz Announces Key Governance Changes
FINEOS-CORPORATION16.8.2019 09:24:13 CEST | Press release
FINEOS lists on the Australian Securities Exchange
CA-GILEAD-SCIENCES15.8.2019 22:03:09 CEST | Press release
European Medicines Agency Validates Marketing Application for Filgotinib for the Treatment of Rheumatoid Arthritis
CELSIUS-NETWORK15.8.2019 16:57:05 CEST | Press release
Celsius Network Partners With Bitcoin.com
MN-PSMF-APSF15.8.2019 15:00:06 CEST | Press release
Anesthesia Patient Safety Foundation and Patient Safety Movement Foundation Offer $100,000 Patient Safety Curriculum Award
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom