Maakan: reducing operational risk for banks

Intellect Global Transaction Banking and Bolero International have signed a collaboration agreement to develop new products in trade and supply chain finance for banking clients.

The first potential project will be to look at creating a global secure digital marketplace for the origination and distribution of trade and supply chain finance assets.

Manish Maakan, CEO, iGTB said the company had recently won several contracts in the area of trade and supply chain finance. “Our partnership with Bolero International will capitalise on their expertise in trade digitisation to help reduce operational risk in an industry that is dominated by manual and inefficient processes,” he added.

Bolero CEO Ian Kerr said, “Both teams will be pooling expertise to build solutions that transform the efficiency and revenue-enablement of supply chain and trade finance.

“The benefits are potentially immense, providing banks with access to global multi-investor classes while strengthening their relationships as service providers.” and partners.”