LONDON, 21 October 2024. BACB, a specialist provider in global transaction banking, is pleased to announce its official partnership with Komgo, the leading platform for digital trade services. By joining the Komgo network, BACB aims to enhance its trade finance offerings through streamlined, secure, and efficient digital solutions, benefiting its global clients.
Komgo is a Swiss based software development and technology services provider building innovative digital solutions for trade finance. The platform provides real-time verification, transparency, and reduced operational costs, empowering financial institutions, corporations, and traders to collaborate more efficiently. BACB's integration with Komgo marks a significant step forward in the Bank's digital transformation and commitment to delivering best-in-class services to its customers.
Damian Austin, Chief Banking Officer of BACB, commented:
"We are excited to join the Komgo platform as part of our ongoing efforts to drive innovation in the trade finance space. This partnership enables us to offer our clients a faster, more transparent, and secure trade finance solution, while also reducing the administrative burden and costs associated with traditional methods."
By joining Komgo, BACB will have access to a wide range of digital tools that enable seamless communication and transaction management across various stakeholders, including exporters, importers, and financiers. This collaboration further strengthens BACB’s capabilities to provide cutting-edge trade finance services to clients in key sectors such as energy, agriculture, metals, and more.
Souleïma Baddi, CEO of Komgo, said:
"BACB is not only a leader in trade flows across Africa and the Middle East, but they are also playing a vital role in addressing the global trade finance gap. We’re proud to accompany them on this journey, leveraging our network and white label solution to make trade finance faster, simpler, and more accessible. Together, we are working towards a more connected and digital global trade finance ecosystem."
With a commitment to innovation and agility, BACB’s partnership with Komgo will allow it to deliver faster and more secure trade finance solutions, helping clients navigate the complexities of international trade with greater ease.
About Komgo:
Komgo is the leading software development and technology services provider transforming the trade finance industry. Their innovative solutions empower treasury, credit, and trade finance teams, streamlining communications and strengthening operational capacity for over 300 organisations worldwide.
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