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Trade Services Update

 

 

Press Release

Nokia Corporation Expands Use of @GlobalTrade™ for Alcatel-Lucent

Toronto, Canada, March 7, 2016 – GlobalTrade Corporation (GTC) has announced today that Nokia Corporation will use its @GlobalTrade Multi-bank Trade Finance Platform also for their Alcatel-Lucent part of business for processing guarantees and documentary credits. The Platform will also manage communication with banks and insurance companies.

'Since October 2015 we have been successfully using @GlobalTrade to process Nokia's bank guarantees and documentary credits, said Jari Hänninen, Head of Structured Finance, Credit Products, Nokia Corporation. GTC has proven to provide excellent customer service, attention to detail, and enabling us to automate some of the related workflows. We now look forward to expand the use of the platform also with all Alcatel-Lucent business entities globally.'

GTC's Chief Technology Officer, Nick Pachnev said, 'Nokia's people are extremely efficient and know exactly what they want. They have high expectations and this helps us to continuously improve our products and services. We are glad that the use of our Platform will be expanded significantly with the addition of new, former Alcatel-Lucent users.'

About Nokia Corporation

Nokia Corporation is a global leader in the technologies that connect people and things. Powered by the innovation of Bell Labs and Nokia Technologies, the company is at the forefront of creating and licensing the technologies that are increasingly at the heart of our connected lives. With state-of-the-art software, hardware and services for any type of network, Nokia is uniquely positioned to help communication service providers, governments, and large enterprises deliver on the promise of 5G, the Cloud and the Internet of Things. http://www.nokia.com

About GTC

GlobalTrade Corporation (GTC) is a software developer and application service provider whose product solutions improve the world of trade finance and trade services. The @GlobalTrade systems help buyers, sellers, traders, and financial institutions communicate faster and more efficiently while reducing risk and improving monitoring and control. Their customers include both business enterprises that need consolidated access to multiple banks as well as financial institutions that require supply chain finance solutions to meet their clients' needs. @GlobalTrade™ is a registered trademark of GlobalTrade Corporation. For more information please visit www.globaltradecorp.com

Media Contact
GlobalTrade Corporation
Marina Heimitz
Tel: +1 416 661 8520
E-mail:info@globaltradecorp.com
URL:http://globaltradecorp.com