Clients are now able to reach BBVA through Komgo and digitally handle their trade finance activities, such as guarantees or letters of credit.
The deployment will focus on Komgo’s transaction manager, Konsole, to streamline daily trade finance communications and instruments, as well as Market for credit risk and liquidity optimisation.
Together, we embark on a journey to transform and modernize the global trade finance landscape, making it more efficient and transparent for our clients and the wider trade community.
The platform delivers end-to-end life-cycle functionality across all trade instruments (imports, exports, and collections) from digital exchange of trade documents, instructions, and free format communication with seamless integration with the Bank’s downstream Trade Finance systems.
ING and Sucafina have collaborated with digital trade finance specialists, Komgo, to deploy the most-cutting edge version of the firm’s Digital Agent solution for syndicated borrowing base facilities.
The system will replace all communications (such as ad hoc emails, letters of intentions, etc.) related to trade finance transactions between Société Générale and its clients.
The investment was made by Emirates NBD's Innovation Fund, the bank's corporate venture arm.
The deployment will focus initially on our credit risk management solution, #Market, which connects corporates and financing partners for faster price discovery and deal execution on open account and bank risk; as well as distribution in the secondary market.
Through the implementation, BB Energy will leverage both companies’ solutions to streamline borrowing base drawdown with financing banks.
Komgo offers a unique solution for the aggregation of data and software needed by firms engaged in international trade. A major step on the road to interoperability, capable of reducing the risks associated with digitalisation for corporates and banks.
Trade Services Update (TSU) is an independent voice of the trade services industry. TSU was first published under the name L/C Monitor in 1999 as a legal financial journal covering practical aspects of payment instruments in international trade.
Santander CIB has become a shareholder of Komgo with a strategic equity investment. Both companies expect to build up synergy between Komgo’s cutting-edge technology and corporate client base, and Santander CIB’s unique global footprint and leadership in trade finance.
Komgo’s solutions have been implemented to increase the security and comfort of the bank guarantees’ beneficiaries.
In this video interview, Souleïma Baddi and Jorge Salas discuss the objective behind Bladex's deployment of Komgo solutions for clients: to provide a lean setup which has the potential to scale to meet their aspirations for growing the portfolio.
Through this masterclass series, we explore how Komgo solutions are providing a common framework for the global adoption of digital trade services while bringing trust and liquidity back to the market.
International trade operations still require numerous documents and papers that must be presented by customers to their banks. To meet the needs of simplification and time saving, Société Générale has rolled out Komgo for their Cameroonian clients.
