19 February 2018
visit www.nextgenbanking.co.uk/

ANZ joins Bolero

17 December 2001  |  2997 views  |  0 ANZ

Australia and New Zealand Banking Group Limited (ANZ), has signed up to the bolero.net trade finance platform.

Since recently joining, ANZ has taken part in live transactions involving BHP Billiton entities and Coal & Allied in Australia, and is planning further participation with other corporate customers in Australia and New Zealand over coming months.

Carole Anderson, managing director of ANZ's global transaction services, says the move is in line with the bank's e-transformation strategy and complements its involvement in Proponix trade processing. Proponix is a joint venture company established by ANZ, Bank of Montreal, Barclays Bank and American Management Systems, to offer outsourced trade finance services to banks worldwide.

"As an electronic commerce initiative, bolero.net improves the efficiency of trade finance by speeding up the exchange of data and title to goods, enabling importers and exporters to realise savings in time and money across the transaction chain," says Anderson.

Bilateral trade in 2000-01 for Australia was A$238 billion, and for New Zealand was NZ$64 billion.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Australian regulator proposes credit card shake up

Australian regulator proposes credit card shake up

14 December 2001  |  3322 views  |  0 comments
Charles Schwab exits Japan and Australia

Charles Schwab exits Japan and Australia

07 December 2001  |  5025 views  |  0 comments
NextLink and bolero.net forge trade finance alliance

NextLink and bolero.net forge trade finance alliance

27 November 2001  |  2585 views  |  0 comments
Brief: SmartStream Trade Finance wins Bolero approval

Brief: SmartStream Trade Finance wins Bolero approval

13 November 2001  |  3288 views  |  0 comments
ANZ launches first Australian chip credit card system

ANZ launches first Australian chip credit card system

01 November 2001  |  4920 views  |  0 comments
Bolero launches trade settlement system

Bolero launches trade settlement system

22 October 2001  |  2976 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comvisit www.swift.com/your-needs/instant-paymentsVisit www.vasco.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11365 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
8918 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8803 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8756 views comments | 15 tweets | 43 linkedin
hands typing furiouslyHow can Blockchain Help with AML KYC
8162 views 4 | 9 tweets | 6 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job