Santander Boosts Efforts to Digitise Trade Finance
(30 June 2023 - Global) Santander has invested in Komgo as part of a wide-ranging partnership with the digital trade finance network.
The partnership will see Santander Corporate & Investment Banking contribute expertise and tailor-made trade and working capital solutions for Komgo’s client portfolios in Europe and the Americas.
Meanwhile, Santander will take advantage of Komgo’s technology to improve client-to-bank communication and to deploy new offerings in trade finance and commodities.
Mencia Bobo, global head, trade and working capital solutions, Santander CIB, says: "We want to support our clients simplify and digitalize trade finance.
“Partnering with Komgo means we can automate communications, optimize end-to-end processes, reduce operational risk and deliver the best client experience. In addition, it will enable us to innovate and find synergy in our broad Trade Finance business.”
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