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Bladex Enters Into a Strategic Alliance with Komgo, Driving Innovation in Trade Finance Solutions
Banco Latinoamericano de Comercio Exterior (Bladex) has entered into a strategic alliance with Fintech company Komgo, becoming the first bank in Latin America to join this platform in which international banks and large corporations participate. Many of these platform participants are long-established clients, counterparties, or prospects of Bladex. This will increase Bladex’s capabilities to develop innovative solutions to further support foreign trade in the region.
Several transactions negotiated on Komgo have already been concluded, facilitating business in a safer, faster, and more efficient way, where each of the platform participants can exchange authenticated messages within the framework of either plain vanilla or structured trade finance transactions. This is the first of a network of alliances Bladex plans to develop with select Fintechs and other trade finance specialists, to support the needs of participants in the supply chain.
Bladex’s CEO, Jorge Salas, indicated that, “Bladex is building its strategic plan on a unique business model that will benefit from a series of critical alliances, such as the one with Komgo, which aims to promote financing solutions for foreign trade through new technologies that adapt to clients’ needs and boost the business.”
“Through this alliance, Bladex intends to promote new products and financing structures, increase its customer base, achieve operational and efficiency improvements, as well as further strengthen the security of transactions through the capabilities offered by new technologies,” added Salas.
Souleïma Baddi, CEO of Komgo, said: “Bladex’s involvement brings yet another layer of trust to our digital network and opens a key market for our corporate users. We are delighted to support Bladex and its customers in their digital transformation journeys.”
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