Bolero named a ‘leader in trade’ through industry award

Bolero recognised as the ‘best trade finance software provider in Asia’ by Global Trade Review

London, 28th June 2016: Bolero International, the leading trade finance digitisation platform, was recently named as one of this year’s recipients of Global Trade Review Asia’s Leaders in Trade awards.

The annual awards recognise the best trade finance institutions and technology providers in Asia, covering a wide range of categories including “best trade finance software provider in Asia,” for which Bolero was the recipient. GTR Asia relies on votes from those involved in the trade finance sector to determine the recipient of each award. This year, the publication received a record number of corporate votes.

Bolero’s award win is simultaneous with its ongoing and extensive expansion into the Asian markets. Earlier this month, the company officially announced the launch of its new Shanghai offices, as well as the appointment of Neil Johnson as its Head of Business Development for the Asia-Pacific region. This expansion is complemented by Bolero’s growing relationship with the Bank of China, for whom the company enables over 400 domestic and international branches, as well as new partnerships with DBS Bank in Singapore and Huaxia Bank in China.

“Being recognised as the top trade finance software provider in this important region is incredibly gratifying and we are very thankful to our customers who voted for us,” Ian Kerr, CEO of Bolero, said. “It exhibits the region’s eagerness for progress and shows that the sector as a whole is ready to embrace the digitisation of international trade. We look forward to continuing to expand our presence in Asia.”  Founder and Managing Director of Global Trade Review, Peter Gubbins, added “This is a richly deserved recognition for the work that Bolero has done in Asia over many years that we expect to see flourish with recent key developments”.

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About Bolero (www.bolero.net)

Bolero is a global leader in the electronic settlement of contracts between buyers and sellers. From initial purchase order to final payment including supporting trade financing and the documentary control of goods, Bolero helps organisations to improve cash-flow and working capital whilst increasing efficiency, control and visibility as well as mitigating risk and fraud.

Bolero has led the way in driving the digitisation of global trade transactions, bringing the industry’s first electronic Bill of Lading solution to market. Today we power more than 6 million trade documents and $80bn worth of global trade transactions per annum connecting buyers, sellers, financiers, credit underwriters and payment providers & networks.

 

For more information, please contact:

Jennifer Rook

The Whiteoaks Consultancy

Tel: + 44 (0) 1252 727313

jenniferr@whiteoaks.co.uk