Bladex Partners With TradeAssets to Boost Trade Finance Access in LatAm
As per the latest news, the Panama-based multinational bank Banco Latinoamericano de Comercio Exterior (Bladex) has turned into the first bank in Latin America to collaborate with Dubai-headquartered Fintech Innovations International DMCC’s TradeAssets platform.
By associating with TradeAssets, an eMarketplace for financial institutions (FI) assisting banks in developing markets to get easy access to trade finance and liquidity, Bladex will empower to facilitate its client’s improved access to global trade finance instruments, as per the companies’ statements in a press release.
“We are excited about this tremendous association as its value propositions cater to various strategic goals for Bladex,” said BladexCEO Jorge Salas in the press release. “It offers easy access to new markets, gears up customers or counterparties development, and creates functional and effective improvements that aid in technological strength.”
TradeAssets has 100 bank members from around 30 nations, since 2020, more than $2.5 billion has been posted in volumes, as per the release.
