ITFA is delighted to welcome four new members to the Association.

TFA S.A. is able to shorten the time of collection of the receivables by the exporters, allowing the latter to optimise its cash requirements, and eliminate the commercial and financial risk that the financial institutions are not willing to cover. In its operation TFA does not replace the banking world but supports it, creating and exploiting synergies and value with it for the benefit of customers.

Umberto Forasassi will be the Main Delegate for all ITFA related matters.

Mitigram is the world’s first global trade finance collaborative platform for corporates, traders and financial institutions to access counterparties in funding and hedging risk of trade transactions. Mitigram supports network creation and expansion, comprehensive automated quotation workflows for trade finance instruments, codified audit trails, analytics on asset pricing and activity data.

Milena Torciano will be the main contact person for all ITFA related matters.

Standard Bank is an African focussed, digitally enabled universal financial services organisation, with a strategy to drive Africa’s growth and create value for all its stakeholders. Standard Bank has a 155-year history in South Africa, and has an on-the-ground presence in 20 countries on the African continent, with solid local knowledge required to operate a successful business in Africa.

Its Corporate and Investment (CIB) division serves a wide range of requirements for banking, finance, trading, investment, risk management and advisory services. CIB delivers its comprehensive range of products and services relating to: investment banking; global markets; and global transaction banking.

The Personal and Business Banking (PBB) division offers banking and other financial services to individuals and small-to-medium enterprises. PBB’s product offering includes: transactional services, lending products, mortgage lending, card products, vehicle and asset finance and a suite of wealth products and services.

Shaahien Mottiar will be the main contact person for all ITFA related matters.

Interlinkages is a cloud based, B2B cross border Trade Finance market place (primary), for SME’s, Corporates, Financial Institutions, ECAs and Insurers around the world. It is an Origination and Bidding platform that acts as an aggregator of International Trade flows with deal matching abilities for different credit appetites of the Financial Institutions globally.

• Provides local SMEs/Corporates with easy access to Financial Institutions across the globe and helps in reducing their financing costs and increases efficiency
• Helps Regional Financial institutions with originating targeted business from regions where they may not have a physical presence
• Provides credit enhancements for deals from lower rated countries/banks through Export Credit Agencies/Insurance cover to improve risk profile

Their goal is to create an interconnected financial Ecosystem where each Trade flow is financed in the most open, efficient and price competitive manner, agnostic to country of origin or size of the Importer/Exporter – ultimately leading to reshaping the value chain through network effect.

Anindita Ghosh will be the Main Delegate for all ITFA related matters.