Brazil's second largest private bank, Banco Itau, has signed up to the bolero.net trade finance platform.
The bank will use the platform to exchange trade data and documents throughout the Internet securely, with the aim of reducing costs and accelerating trade flows for customers transacting internationally.
Alberto Baretto, executive vice president of the international division of Banco Itau, comments: "Bolero.net is an important step towards cost reduction within the international trade arena and its heavy paper dependable environment."