Barclays has partnered with CGI to further its digital trade finance strategy by integrating CGI’s Trade360 platform with Komgo’s Konsole system, the largest multi-bank trade finance platform.
The collaboration is designed to improve transaction transparency, increase processing speed and reduce operating risks for Barclays’ corporate clients, while also removing manual entry processes that have long slowed trade finance operations.
Barclays managing director and global head of trade & working capital Jaya Vohra said, “Our corporate clients increasingly expect seamless, digital-first solutions for their global trade finance needs. By integrating Komgo with CGI Trade360, we will be providing our clients with a fully digital experience while simplifying operations processing. This is a crucial step in our ongoing commitment to digitalizing trade and providing faster, more efficient solutions.”
For Barclays’ customers, the integration means a more streamlined and automated workflow. Corporate clients using Komgo’s Konsole will now see transactions flow directly into Barclays’ systems through CGI Trade360.
CGI senior vice-president for banking and financial markets in the UK Neil Sadler said, “CGI is dedicated to advancing the digitization of trade finance by acting as the bridge between institutions and innovative fintech networks, ensuring the industry, and our clients, can scale confidently. Banks are at the heart of global trade financing, and CGI is ready to enable this next stage of digital integration with the advanced processing capabilities of CGI Trade360.”
Komgo managing director for the Americas Michael Mandell added, “The integration of Konsole and CGI Trade360 at Barclays demonstrates how combining our multi-bank network with CGI’s robust processing capabilities delivers real value to both banks and corporates. Together, we are enabling faster, more secure, and fully digital trade finance workflows — a concrete step towards the truly connected ecosystem that global corporates expect.”
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