Bank Of China (Hong Kong) 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. Bank of China (Hong Kong), a listed commercial banking group in Hong Kong with over 280 branches, have

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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.

Bank of China (Hong Kong), a listed commercial banking group in Hong Kong with over 280 branches, have automated their Trade Finance business to realise operational efficiencies and deliver new levels of customer service to their corporate customers. TLM Trade Finance has been adopted in line with the Bank’s strategy to deploy the best in class packaged applications.

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. Central to the implementation 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 – improving process efficiencies and responsiveness whilst reducing the risk associated with transcription errors.

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