NDB bank partners Tradecard for trade financing
TradeCard Inc., the leading provider of extended supply chain
solutions, announced a partnership deal to add NDB Bank to its global
network of more than 3,000 buyers, suppliers and service providers.
|
Chief Executive Officer NDB Bank, Nihal Welikala Chairman
and CEO TradeCard, Kurt E Cavano exchanging the agreement. |
The partnership enables NDB Bank to leverage the TradeCard Platform
to provide import and export financing services, reduce transaction
costs and improve transaction visibility.
"Partnering with TradeCard enables us to electronically deliver more
trade financing options to our customers in Sri Lanka while opening the
door to serve thousands of buyers and suppliers on the TradeCard
network," Chief Executive Officer NDB Bank Nihal Welikala said.
TradeCard enables sellers to request financing online and allows the
financing bank to view transaction documentation electronically to
improve speed and efficiency in the financing process.
"The TradeCard Platform provides NDB Bank with a competitive
advantage over other banks in the market," CEO of TradeCard, Inc Kurt
Cavano said.
"NDB Bank will be inserted into our smart network, enabling it to
directly access more than 3,000 buyers and suppliers on the TradeCard
Platform to cross sell more of its traditional products and interface
with more parties involved in transactions.
Our hosted platform will reduce processing costs and provide online
financial services to enable new financing opportunities for NDB Bank". |
