In line with Bolero’s objectives to enable fast adoption and delivery of value with minimal cost, Bolero provides a range of interoperability options for a Bank or Financial Institution to meet volume, preference, speed to market, technical constraints and budget preference.
Most Banks and Financial Institutions wish to fully automate the interoperability with Bolero as quickly as practicable in order to reduce manual processes and enable scaling of this multi-bank channel.
On the other hand, when a Bank first uses Bolero it is often in response to a key corporate or commodity trader customer already in process of rolling out a Bolero multi-bank solution and there is a desire to be able to go live as quickly as possible.
To meet these needs Bolero provides three primary interoperability options for a Bank or Financial institution. A Customer may start with one option and in parallel or over time implement another.
Options for Bank operation of Bolero
Bolero provides a number of connectivity options to suit each individual bank based upon geography, size, volumes, number of corporate customers and back-office technology. Each bank selects one (or more) option(s) most suitable for its own situation over time. A bank may start with one connectivity option and progress to a fully embedded gateway over time as volume and customers grow.
- Bolero 4Banks – web workbench requiring no infrastructure investment from the bank. Browser-based access for all multi bank trade finance flows, document viewers, message management, semi-automated mapping.
- Bolero WebGateway – fully automates message exchange based on configurable secure automated message integration using secure FTP area.
Embedded Bolero Connector – fully automated Bolero message exchange, typically used by banks globally committed to Bolero with large current or projected volumes.