Toronto, Canada, January 31, 2012 – GlobalTrade Corporation (GTC) has announced today that Safran , a leading international high-technology group and a Tier-1 supplier of systems and equipment for aerospace, defense and security has Selected GTC’s @GlobalTrade Multi-bank Trade Finance Platform for monitoring issued and received bank guarantees and documentary credits. GTC’s software will enable Safran to connect to its multiple banks through SWIFTNet using MT 798 messages and will be interfaced with Safran ’s internal systems.
“GTC has gained our confidence thanks to its professional and pragmatic approach as well as its reputation built through previous references within the same industry.”, said Carine Aujay, Head of structured finance at the Safran group.
‘Safran ran a very professional and detailed selection process. They looked at all aspects of the software including technology, functionality, security, ability to work with SWIFT and competing solutions on the market,’ said Jacob Katsman, GTC’s CEO. ‘We are very pleased that GTC has been selected for this project and look forward to working with the Safran team.’
‘@GlobalTrade system will allow Safran to achieve end-to-end automation of trade finance activities while complying with its stringent security policies,’ explained Nick Pachnev, GTC’s CTO. ‘Highly configurable and modular design of @GlobalTrade system provides standard solution for such critical requirements as centralized user identity management, flexible authorization process and electronic multibank connectivity.’
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
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