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Bolero takes wraps off Trade Finance tool

Bolero takes wraps off Trade Finance tool

(18 December 2007 – UK) Bolero has announced that the latest version of its web-based Trade Finance tool is commercially available. Known as the Multi-Bank Dashboard, the software is based on a secure messaging platform and enables visibility of Import Letter of Credit, Export Letters of Credit and Guarantees for banks and their corporate customers.

Bolero chief executive Arthur Vonchek said the design and capabilities of the enhanced Dashboard resulted from input from customers such as Nokia, Standard Chartered, Nordea and Bank of America.

Bolero said one of the key additions to the Dashboard was the introduction of advanced amendment management capabilities which was important for corporates dealing with Letters of Credit which were subject to multiple amendments over time.
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