Toronto, Canada, March 22, 2019 – GlobalTrade Corporation (GTC) has announced today that IDEMIA www.IDEMIA.com has selected its @GlobalTrade™ Multi-bank Trade Finance Platform for managing bank guarantees. IDEMIA is the first client to purchase the Standard Version of the Guarantee Issuance system, with a quick and simple implementation. The Standard Version comes fully integrated with SWIFT MT 798 messages for standardization and automation of communication with IDEMIA’S financial institutions.
‘The IDEMIA Group operates a large and truly global Trade Finance organization from a central Paris-based team. The platform will provide IDEMIA the ability to further improve our service towards our customers, handling the complete lifecycle of our letter of credits and guarantees, while complying with the SWIFT for trade standards,’ said Vincent LEVEQUE, Head of Trade Finance at IDEMIA.
‘After a very straight forward implementation @GlobalTrade™ will enable IDEMIA to improve monitoring and control over all of its payment instruments and streamline the communication with its financial institutions, said Cyril VERBRUGGHE, Head of Sales & Client Support EMEA of GlobalTrade Corporation. IDEMIA’s banks are already supporting other corporate clients through SWIFT MT 798 standards or @GlobalTrade Channel, and this should lead to a smooth and quick rollout.’
Huny Garg, SWIFT’s Head of Trade and Supply Chain, said, ‘This is really exciting to see another successful roll-out. We have reached a tipping point in MT 798 adoption as an efficient way of digitizing the corporates-bank flows and partners like GTC have played an important role in that.’
IDEMIA, the global leader in Augmented Identity, provides a trusted environment enabling citizens and consumers alike to perform their daily critical activities (such as pay, connect, travel and vote), in the physical as well as digital space.
Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, an identity that ensures privacy and trust and guarantees secure, authenticated and verifiable transactions, we reinvent the way we think, produce, use and protect one of our greatest assets – our identity – whether for individuals or for objects, whenever and wherever security matters. We provide Augmented Identity for international clients from Financial, Telecom, Identity, Public Security and IoT sectors.
With close to $3 billion in revenues and 13,000 employees around the world, IDEMIA serves clients in 180 countries
SWIFT is a global member-owned cooperative and the world’s leading provider of secure financial messaging services. It provides a platform for messaging and standards for communicating, and offers products and services to facilitate access and integration, identification, analysis and regulatory compliance. SWIFT messaging platform, products and services connect more than 11,000 banking and securities organizations, market infrastructures and corporate customers in more than 200 countries and territories. For more information, visit www.swift.com or follow us on Twitter: @swiftcommunity and LinkedIn: SWIFT.
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. Our 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