London, Hong Kong, Singapore & Tokyo, 14 April 2021 – Bolero International, the leaders in cloud-based trade finance digitisation, announces its worldwide partnership with Virtusa Corporation, a global provider of digital strategy and IT services and solutions, for Bolero’s new white-labelled trade finance portal-as-a-service solution Galileo TPaaS for Banks.
This news follows Bolero’s release of the world’s first white-labelled trade portal-as-a-service solution for financial institutions. The solution helps financial institutions achieve an accelerated time to market in delivering digital trade services to their trade clients whilst reducing the total cost of ownership in comparison to an in-house build or traditional software.
“We have been a preferred partner for banks and financial services firms for more than 20 years and over this time, our goal has been to help drive operational excellence and create new cost efficiencies,” said Amit Bhute, SVP & Head, Banking Practice, Virtusa. “We are excited to be working with Bolero and to bring its Galileo TPaaS portal to the world, allowing banks to leverage digital trade services without having to take on a complex implementation and significant technology investments.”
Banks can benefit from a greater scope of innovation through easy integration of external services within the product, improving customer experience and engagement, reducing client administration overheads for high-volume trade activity and increased customer satisfaction across small businesses, SMEs, and multinationals.
“To provide a better solution to banks, we have worked alongside our corporate clients and leading multinational banks to create a portal that offers the fastest way to digitize customer experience and dramatically transform the customer experience,” said Andrew Raymond, CEO at Bolero International.
“Our partnership with Virtusa is critical to our long-term strategy and the availability of Galileo TPaaS for Banks around the world. With this, we believe we will address a significant pain point for banks.”
About Bolero International
Established in 1998 by SWIFT and the global logistics and insurance industry, Bolero International has built a formidable reputation and market leadership position in driving the digitisation of global trade. Bolero delivers secure, end-to-end, cloud-based services across the entire global supply chain. By digitising trade processes and transactions.
Virtusa Corporation is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovation engineering. Virtusa serves Global 2000 companies in the Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.
Virtusa helps clients grow their business with innovative products and services that create operational efficiency using digital labor, future-proof operational and IT platforms, and rationalization and modernization of IT applications infrastructure. This is achieved through a unique approach blending deep contextual expertise, empowered agile teams, and measurably better engineering to create holistic solutions that drive business forward at unparalleled velocity enabled by a culture of cooperative disruption.
Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.
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