Today TradeIX
announced that the Austrian Raiffeisen Bank International (RBI) has joined the
Marco Polo blockchain trade finance network to run pilots and evaluate the platform.
“At Raiffeisen Bank International, we’re very committed to bringing the best open account, traditional and structured trade finance solutions to our corporate clients,” said Martina Zimmerl, Head of Trade Finance Department at Raiffeisen Bank International. “Joining the Marco Polo Network is a key step in this direction as we’ll be able to further expand our product offering to meet the expectations of our clients in terms of customer experience, time to cash and efficiency.”
Trade finance solutions offered on Marco Polo include receivable discounting, factoring and payment commitment, with more to follow later in the year such as approved payables financing and bank guarantee.
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