logo
Plus   Neg
Share
Email

Commerzbank To Use GlobalTrade's Multi-bank Trade Finance Platform

German lender Commerzbank AG (CRZBY.PK) Monday announced that it has entered into a strategic partnership with GlobalTrade Corp. or GTC, a Canadian application services provider, to further digitize and automate its trade finance business.

The bank plans to utilise GTC's @GlobalTrade platform to strengthen its digital trade finance product range. The bank's corporate clients will be able to access the innovative multi-bank trade finance platform.

For Commerzbank, the digitalisation and automation of processes are key priorities. The bank expects the partnership would enable it to meet the trade finance needs of corporate clients across the globe more efficiently and effectively.

In Germany, Commerzbank shares were trading at 7.48 euros, down 2.45 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Crate and Barrel have recalled 1,500 push walkers due to risk of choking and laceration. Crate and Barrel have recalled Activity Push Walkers as those walkers can be damaged over time exposing sharp points and small parts, posing choking and laceration hazards to small children. The wooden recalled... YouTube is finalizing plans under which it will no longer serve "targeted" advertisements on its main site for videos meant for kids, Bloomberg reported, citing people familiar with the discussion. While the plan is reportedly intended to satisfy U.S. regulators, it could negatively impact the Google-owned video giant's ad sales as kids' content on YouTube is immensely popular. Apple Inc. (AAPL) is in the final stages of certifying advanced flexible Organic Light Emitting Diode or OLED screens from Chinese display maker BOE Technology Group for iPhones next year, the Nikkei Asian Review reported citing source. The U.S. tech giant has been attempting to reduce reliance on Samsung Electronics of South Korea.
Follow RTT