Bolero launches white-label trade finance portal

Bolero, a provider of trade finance digitisation solutions, has launched a new service which will allow banks around the world to offer digital trade services to clients without having to build out the technology themselves. Galileo Trade Portal as a Service (TPaaS), which goes live today, is a subscription-based service for financial institutions that enables banks to offer digital trade services – such as creating, editing and managing letters of credit, electronic presentations and guarantees, as well as open account transactions and electronic bills of lading – via an online portal tailored with their own logo and branding. Bolero says that this new solution aims to help financial institutions achieve an accelerated time to market in delivering digital trade services to their trade clients whilst reducing the total cost of ownership in comparison to an in-house build or traditional software. “In the current backdrop of the pandemic, the demand for digital trade services is at its peak. Galileo TPaaS is designed to help banks deliver digital trade services to their clients without the need to take on a complex implementation project or make heavy technology investments towards digitisation. Our vision of Galileo TPaaS is to enable banks to offer an… continue reading

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Source: CTRM Center

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