Bank Btpn In Indonesia Streamlines Trade Finance Processing



Surecomp, a leading provider of global trade finance solutions, has announced that PT. Bank BTPN Tbk (BTPN), one of the leading privately-owned banks in Indonesia and part of the SMBC Group, has gone live with its DOKA solution.

This solution is aimed at streamlining BTPN’s back-office trade finance processing automation, replacing the bank’s previous trade finance application.

According to a recent report by the International Chamber of Commerce, Asia is the world’s largest region for trade finance, with a total of $1.98 trillion in trade finance issued in 2020. Indonesia is one of the key players in this region, with trade finance playing a crucial role in the country’s economic growth.

The DOKA solution, which is hosted in Jakarta, has been fully deployed and supported by Surecomp’s local teams in Asia.


Read more: https://ngulminthang.weebly.com/news/bank-btpn-in-indonesia-streamlines-trade-finance-processing

Comments

Post a Comment

Popular posts from this blog

Singapore authorities say commodity finance “stable” amid growing market concerns

Image
A Singapore senior minister says the city-state’s financial regulator does not plan to inject liquidity into the commodity finance market, insisting access to finance from the banking sector remains robust. Tharman Shanmugaratnam, a senior government minister in charge of the Monetary Authority of Singapore (MAS), said this week that demand for working capital has increased among commodity traders due to higher margin requirements. As a result, traders “have had to use derivatives more widely to hedge their exposures against price volatility”, he said in response to a parliamentary question on risks to the financial sector. “Firms which do not manage their risks well may run into difficulty in servicing their loans.” In addition, virus containment measures introduced in China are expected to disrupt production and supply chains, causing “spillover effects” on the city-state’s trading activity, Shanmugaratnam said. The total exposure to commodity finance transactions among Singapore’s b
Read more

NBK named Best Trade Finance Bank in Kuwait for 2022

Image
National Bank of Kuwait (NBK) was named “Best Trade Finance Bank in Kuwait for 2022” in the annual survey of Global Trade Review (GTR), a magazine specializing in global emerging markets and trade, commodity finance and transaction banking. GTR selected NBK as one of the leading banks in the Middle East and North Africa (MENA) region in the trade finance sector, based on customer and market-specialized institution surveys conducted around the world. The GTR Leaders in Trade awards recognize excellence in the trade, commodity, supply chain and export financing, and well as FinTech markets. By receiving this award, NBK demonstrates its leadership in financing mega deals and projects, benefiting from its strong balance sheet, extensive experience, in addition to the exceptional and sustainable relations with its clients both locally and internationally. Read more: https://ngulminthanglhanghal.mystrikingly.com/blog/nbk-named-best-trade-finance-bank-in-kuwait-for-2022
Read more

MineHub Technologies Introduced Trade Finance Network Application

Image
As per the latest news, MiniHub Technologies Inc. has declared the introduction of its Trade Finance Network application, accessible to all platform users. The Trade Finance application is the first in a series of network applications that are being launched by MineHub soon. The MineHub Trade Finance Network is a network application, bringing perceivability, security, and productivity to funders of commodity transactions whilst digitizing organization and communication between lenders and finance providers. Coordinated with the core MineHub platform, this assistance is an extra contribution that further builds the worth of the MineHub platform to its clients. As per Arnoud Star Busmann, CEO at MineHub and formerly of ING Bank, the world’s biggest commodity bank, “Having had numerous years of experience with the intricacy and key risk drivers of commodity trade finance made this application the most noteworthy arrangement on our roadmap. The offer is exceptionally clear. Blockchain inno
Read more