Toronto, Canada, May 22, 2015 – GlobalTrade Corporation (GTC) is pleased to announce that Nokia Corporation (Nokia) has selected its @GlobalTrade Multi-bank Trade Finance Platform for managing export documentary credits and bank guarantees globally. Nokia has also selected SWIFT MT 798 messages as its preferred standard for communication with its financial institutions.
“We wanted to find a vendor that had a proven solution to handle all our trade flows on export documentary credit and guarantee side with enabled SWIFT connection,” said Jari Hänninen, Head of Structured Finance, Credit Products at Nokia. “GTC was selected due to their understanding of our needs for the future and flexibility of their solution offering to meet our needs.”
Nokia will use GTC’s @GlobalTrade Guarantee Issuance, Guarantee Receipt and Export Documentary Credit systems through SaaS implementation. “Nokia has a clear idea how to streamline its trade finance process and we are proud to be part of the solution,” said Jacob Katsman, GTC’s CEO.
Nokia is a leader in the fields of network infrastructure, location-based technologies and advanced technologies having three strong businesses: Nokia Networks, network infrastructure software, hardware and services; HERE, location intelligence and Nokia Technologies, technology development and intellectual property rights activities. http://company.nokia.com
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