Bank Of China Automates Trade Finance with SmartStream

SmartStream Technologies announced Bank of China (Hong Kong) has successfully completed the automation of its Trade Finance function with TLM Trade Finance. TLM Trade Finance is now used by Bank of China (Hong Kong) to automate the processing of documentary

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SmartStream Technologies announced Bank of China (Hong Kong) has successfully completed the automation of its Trade Finance function with TLM Trade Finance.

TLM Trade Finance is now used by Bank of China (Hong Kong) to automate the processing of documentary payments including: Letters of Credit, Collections, Guarantees, Loans, Financing / Discounting.

The bank has deployed TLM Trade Connect, SmartStream’s customer self service application for the Trade Finance business. TLM Trade Connect enables electronic communication relating to Trade Finance transactions between Bank of China (Hong Kong) and their corporate customers.

Peter Liu, CIO, Bank of China (Hong Kong), says, “The introduction of real time trade finance processes will allow us to become a stronger business partner to our corporate customers and provide greater visibility into their transactions.”

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