Banks poised to enhance competitive positioning by accessing the most advanced business intelligence and insights into trade flows supply chains and market disruptorsIntellect Global Transaction Banking iGTB the transaction banking specialist from Intellect Design Arena Limited ranked 1 in the world for Transaction Banking by IBS Intelligence today announced its strategic partnership with Coriolis Technologies the leading source of trade corporate and geopolitical risk as well as trade-related economic data globally for the trade finance sector. Coriolis Technologies delivers unparalleled insights into geopolitical risks macro-economic trends and international trade conditions as well as supporting key information on sustainable trade flows globally.Founded in 2017 Coriolis Technologies has become the leading source of data and analytics globally for the trade finance sector. Data is collected from multiple sources and predictive analytics are derived using leading edge artificial intelligence and deep learning techniques. Coriolis Technologies Atlas is a one-stop shop for SME exporters seeking access to trade finance. Documents are screened and assessed in real-time to assess business risk and compliance. Coriolis Technologies Kosmos is the go-to source of data and analytics for environmental social and corporate governance. Coriolis Technologies Kosmos provides key information and insights into sustainable trade flows across the globe. Coriolis Technologies provides the perfect complementary fit to iGTBs coverage across the whole cash trade and supply chain space in line with its commitment to digitalisation and sustainability.In the wake of supply chain disruptions due to Covid-19 many observers have reiterated the need for stakeholders to obtain greater visibility in order to optimise supply chain efficiency. During the lockdown some suppliers have been forced at least temporarily to cease production. Some third party logistics providers have been unable to transport goods across borders. Supply chain lenders need to better understand the information flows in supply chains not just the financial health of one participant. They require visibility into the entire supply chain and real-time monitoring of physical transactions. Information is vital to any business activity. These days we are often swamped by too much information. We need analytical tools to help us make sense of the data and make informed decisions based on business intelligence. In the digital world data is the new collateral. The evolving art of predictive analytics enables banks to better manage their relationships revenues and risks.Rebecca Harding CEO Coriolis Technologies commented We are very excited to be collaboratingRebecca with iGTB. Both companies share a passion for practical innovations that will make trade finance smarter and faster through the power of digitalisation. Our joint collaboration will not only enhance market understanding of risks disruptions and potential impacts but ultimately act as a catalyst for digital adoption going forwards.Commenting on the partnership Manish Maakan CEO iGTB said Collaboration is key to the successful digitalisation of trade and supply chain finance. The strategic partnership between iGTB the independently acknowledged 1 player in transaction banking and Coriolis Technologies the 1 data and analytics provide delivers a unique value proposition that will enable our customers to drive innovation and grow their business with the benefit of having clear insights into predictive analytics and risk forecasting. Together we will drive innovation leveraging state of the art technologies to mobilise trade data and analytics that will help bridge the trade finance funding gap and ultimately benefit the global economy as a whole.About iGTBThe Worlds Best Corporate Banks Bank on iGTBiGTB is the worlds first complete Global Transaction Banking platform from the house of Intellect. iGTBssoftware products help Corporate Banks prepare for a new era of customer-centric services. With a rich suite of transaction banking products across Digital Transaction Banking Payments Liquidity Trade and Supply Chain Supply iGTB is an authority on integrated products that enable banks to meet their ambition to be the Principal Banker to their corporate customers. iGTB seamlessly integrates all the transaction banking needs of corporate customers delighting them with the Contextual Banking Experience CBX a white label digital transaction banking platform to manage corporates cash and trade portfolios.
🔍 Key Information
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Tender Reference No.
466390115
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Publication Date
12 Oct 2021
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Sector
Banking, Finance, Insurance and Securities (BFIS)
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Notice Type
News
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Location
India
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🏷️ CPV
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