Toronto, Canada, September 15, 2022: GlobalTrade Corporation (GTC) announced today that it has successfully renewed its SWIFT Alliance Lite2 for Business Applications (L2BA) certification for its @Globaltrade Platform.
The SWIFT L2BA certification recognizes GTC’s @GlobalTrade platform as a one-stop-shop for trade finance instrument management and secure bank connectivity. By signing up for GTC’s L2BA service clients gain all the benefits of the @GlobalTrade platform with the added benefit of a plug-and-play solution for bank communication using the SWIFT network. In this setup GTC connects directly to the SWIFT network on the client’s behalf. This avoids any back-office or third-party integration by using the application provider as the SWIFT gateway.
“From the moment SWIFT announced its Corporate-to-Bank message offering GTC has been fully committed to supporting the standard. Maintaining our L2BA certification is a top priority for GTC as it allows us to offer our clients a cost-effective method of secure bank communication using an international standard,” said Stephen Andersen, GTC’s Chief Operating Officer.
SWIFT offers a secure, standardised connection to over 10,800 financial institutions around the world.
About GlobalTrade Corporation:
GTC pioneered multi-bank trade finance solutions for corporates. The company continues to lead the industry by developing ecosystems aimed at digitizing all stages of a trade finance transaction and connecting all transaction parties. The latest version of the company’s cloud solution includes features for establishing and managing relationships with banks and insurance companies, pricing of trade finance instruments, their issuance, and advice, post-issuance events, managing electronic documentation, and risk participation. Recognizing that trade finance is tightly connected to other areas inside and outside a corporate organization, GTC supports multiple interfaces and formats for sharing information with other internal corporate systems, such as ERP, financial reporting, cash management and payments, user management, as well as external platforms for connecting with banks and logistics providers. Taking the knowledge and expertise that GTC acquired from over 20 years of servicing MNCs, it created a streamlined version of its platform for SMEs that delivers major benefits of the enterprise version at a reduced cost and implementation effort. For more information, please visit www.globaltradecorp.com