The ITFA board is delighted to announce another six new members to the Association during the month of September:

Fintech Innovations International has launched the first blockchain-powered e-Marketplace of its kind for banks called TRADEASSETS, which will enable participants to buy and sell trade finance assets in an automated, real-time environment by replacing the existing manual process involving excel sheets, paper, emails and telephone calls.

TRADEASSETS automates a bilateral, manual process and makes it more efficient, profitable and safe for participating clients by enabling them to mitigate risk and earn revenues by doing more deals faster and at better pricing. The platform has been developed using blockchain to create a more secure environment for users, using the design of industry specialists to make it safe and user-friendly.

Apart from TRADEASSETS, Fintech Innovations International also plans to launch products and solutions that are related to automation of banking processes with an emphasis on trade finance, in the near future.

Lakshmanan Sankaran will be the main contact person for all ITFA related matters.

Allianz Global Investors is a leading active asset manager with over 700 investment professionals in 25 offices worldwide and managing more than Eur500 billion in assets for individuals, families and institutions. They offer equity, fixed income, alternative and multi-asset strategies. Their expertise stretches from the developed world to emerging markets, from single country to global strategies, from thematic to sector portfolios.

Martin Opfermann will be the main contact person for all ITFA related matters.

Atradius is a leader in the credit and political risk market with a network of risk analysts and underwriters based in over 54 countries, across 5 continents. Their range of credit management tools support their insureds through the entire credit sales cycle, from the negotiation of a potential trade contract, its financing, to the day on which payments are due. Backed by a worldwide intelligence database, Altradius constantly monitor the financial stability of more than 240 million companies internationally and evaluate sovereign and country risks worldwide.

Atradius Special Products unit provides tailored contract frustration and non-payment insurance solutions for risks that cannot be covered by the traditional trade credit insurance.

Olivier David will be the main contact person for all ITFA related matters.

Maersk Trade Finance A/S, part of the A.P. Moller-Maersk Group, offers import and export finance solutions through a secure digital platform for its customers. Maersk has created a simple, end-to-end digital solution, removing the paper trail from traditional financing options, providing easy access to capital to customers when they need it most, in partnership with a world- class logistics company. Their financial product range covers export and import finance , CAD and Usance (deferred payment) terms, with and without recourse conditions as well as pre and post shipment finance options.

Shoby Jose will be the main contact person for all ITFA related matters.

Banco Economico operates in Angola under a universal banking licence and is currently the 5th largest private bank, providing financial products and services for corporates and individuals. Adopting a segmented approach to the market, the Bank provides banking solutions to top corporates, SME’s, small business, institutional clients, private, affluent and retail customers. Banco Economico offers a wide array of products and services, including trade finance.

Hugo Van-Dunem will be the main contact person for all ITFA related matters.

Aktif Yatirim Bankasi A.S. is Turkey’s largest privately-owned investment bank. Aktif Bank pioneers a next generation banking system as it diverts from the conventional, branch-based expansion model and instead builds its processes through digital channels and according to the business partnership agreements performed with the leading organisations of the sector. As a reflection of this philosophy, the number of Aktif Bank branches remained at 8 over the last 5 years. These branches heavily focus on services that require one-on-one communication such as corporate banking, investment banking and private banking.

The Bank has made a significant difference in a wide range of services and products with its subsidiaries which provide innovative solutions in a variety of areas, such as money transfer insurance, card products and extensive kiosk solutions.

Aktif Bank is among Turkey’s top international award-winning organisations for its performance in various fields with its total number of accolades to 130 such as payment systems, technology, quality, innovation, investment products, distribution channels and communication.

Yasemin Mirasyedi will be the main contact person for all ITFA related matters.