Toronto, November 29, 2018 – GlobalTrade Corporation (GTC) is pleased to announce that its @GlobalTrade Multi-bank Trade Finance products have been awarded the “SWIFT Certified Application – Trade and Supply Chain Finance” certification for 2018.
The SWIFT Certified program provides accreditation to companies that provide various SWIFT-related services and solutions to end customers. SWIFT checks compliance with relevant quality criteria and standards, and awards SWIFT Certified labels for qualifying applications and specialists. SWIFT is the Society for Worldwide Interbank Financial Telecommunication, a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence.
“The 2018 accreditation is particularly significant given the substantial changes and updates to letters of credit messaging under SWIFT. SWIFT’s certification for @GlobalTrade products illustrates our continuing commitment to ongoing product innovation and focus on the best industry practices” said Nick Pachnev, GlobalTrade Corporation Chief Technology Officer.
Huny Garg, SWIFT’s Head of Trade & Supply Chain warmly welcomes GTC’s achievement: “GlobalTrade Corporation’s 2018 certification demonstrates their willingness to remain a leading trade finance solution provider for the corporate market. GTC has demonstrated strong support of SWIFT rules and standards and this development is the outcome of long-standing cooperation.”
GlobalTrade Corporation (GTC) is a software developer and application service provider whose product solutions improve the world of trade finance and trade services. The @GlobalTrade systems help buyers, sellers, traders, and financial institutions communicate faster and more efficiently while reducing risk and improving monitoring and control. Their customers include both business enterprises that need consolidated access to multiple banks as well as financial institutions that require supply chain finance solutions to meet their clients’ needs. @GlobalTrade™ is a registered trademark of GlobalTrade Corporation. For more information please visit www.globaltradecorp.com