The Royal Bank of Scotland (RBS) has launched MaxTrad Express and has also expanded the availability of MaxTrad.
MaxTrad Express is a new online solution designed to support small and medium-sized companies conducting low volumes of trade transactions. It is being initially made available to RBS Group holdings in Romania and the United Arab Emirates (UAE), with a progressive roll-out taking place globally over several months.
The solution aims to reduce the complexity of conducting trade and gives businesses an accurate and real-time view of their trade transaction portfolios on demand.
This aims to allow for greater risk and audit control, better understanding of overall cash positions and improve companies’ forecasting abilities. It also frees clients from paper-driven processes that can be more prone to inaccuracies and time delays.
RBS is also expanding its offerings to its large corporate base that conduct high volumes of trade. It is increasing the client base of the already established MaxTrad global trade platform, acquired by RBS following its acquisition of ABN Amro. This platform will now be available to RBS Group’s client base across the UK, US and Ireland. Presently MaxTrad is deployed in over 36 countries.
Daniel Cotti, head of global trade finance, global transaction services, at RBS comments: “RBS is committed to expanding its extensive trade finance and supply chain expertise to deliver a comprehensive range of solutions well-matched to the diverse needs of client companies across multiple market segments.”
He adds: “Offering distinct solutions geared to large corporate, mid-market and commercial banking sectors fulfils a cross-industry need for more flexible, efficient and collaborative environments for importers and exporters to manage domestic and international trade activities.”
MaxTrad was originally designed as an online solution for large companies with global supply chains, supporting trade transaction execution and real-time collaboration with trading partners in a secure environment. The solution aims to give all parties engaged in a trade process, from procurement and warehouse managers, to CFOs greater visibility over their transactions, helping them to better manage their risks and level of working capital.
Reader Comments