27 October 2016
Find out more

ANZ goes live with Bolero

31 October 2012  |  2649 views  |  0 Source: Bolero

Australia and New Zealand Banking Group (ANZ) has successfully gone live with Bolero's multi-bank trade finance solution, following a rapid implementation of the technology.

ANZ is now live with major corporate customers in Asia, Europe and in North America and has plans to support other known Bolero customers now that this first implementation is complete.

The Bolero web-based trade finance solution enables the automation of the end-to-end lifecycle of Documentary Credits, Standby Letters of Credit, Guarantees, Bonds and other traditional trade instruments for both Importers and Exporters as a true multi-bank solution. In addition, Bolero provides a comprehensive solution set for electronic presentation of documents including a proven electronic bill of lading (eBL). A fast growing number of Corporates are now utilising the Bolero service in collaboration with their partner banks, clearly positioning Bolero as the leader for web-based multi-bank trade finance.

"We are delighted to welcome ANZ as a Bolero customer, particularly as they are recognized as a leader in this space as well as being a key influencer in the Asia Pacific region.", said Arthur Vonchek, CEO of Bolero International Ltd. "As risk has become a key factor in decisions both for banks and for corporates, we have seen the major banks engaged in trade and trade finance look to deploy solutions which mitigate this risk, provide end-to-end security, ensure compliance and guarantee a proven solution for both banks and their corporate customers."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Find out more

Top topics

Most viewed Most shared
Visa treads on Swift's toes with blockchain pilot for high value paymentsVisa treads on Swift's toes with blockchai...
9095 views comments | 34 tweets | 38 linkedin
Monzo raises £4.8mMonzo raises £4.8m
8857 views comments
CBA and Wells Fargo combine blockchain and IoT to revolutionise trade financeCBA and Wells Fargo combine blockchain and...
8416 views comments | 26 tweets | 28 linkedin
Visa tells Europe to be ready for 3-D Secure 2.0 by April 2018Visa tells Europe to be ready for 3-D Secu...
8130 views comments | 12 tweets | 27 linkedin
China emerges as fintech powerhouse as UK dominance weakensChina emerges as fintech powerhouse as UK...
7583 views comments | 31 tweets | 27 linkedin

Featured job

Find your next job