According to the latest news, The European Bank for Reconstruction and Development (EBRD) is willing to facilitate its support for the digital transition of trade finance by working with test transactions between the National Bank of Greece, TBC Bank in Georgia, and Nordea on the we.trade digital trade platform. The tests will occur through we.trade’s Preview Offering Platform, with special attention on access to trade finance for small firms.
This Preview Offering Program allows banks and customers across the world to participate in test transactions with we.trade member banks. Banks will also get extensive functional, information technology (IT), sales and marketing, and legal and compliance consultancy administrations, designed to their level of digitization. This is How Fintech Is Driving Financial Growth To SMEs.
Currently, we.trade is sliced by 12 European banks, technology firm IBM, and CRIF, an international commercial credit and business information provider. The platform is based on the Linux Foundation’s Hyperledger Fabric and operates on the IBM Blockchain Platform.
Read more: https://www.emeriobanque.com/news/ebrd-to-digitize-trade-finance-through-we-trade
