HypoVereinsbank (HVB), a member of UniCredit Group, has implemented BoleroAdvise and BoleroApply into its trade finance offering. The solutions, from Bolero, the provider of secure financial supply chain solutions, enable HVB to offer its corporate customers another secure electronic letter of credit application with true multi-bank capability.
The Bolero trade platform will compliment HVB’s existing trade solutions and allow its corporate customers to electronically communicate with their trade finance partners globally.
“The fact that Bolero is a trusted third party and a standards-based provider of secure trade gateways made the decision to opt for its solutions a simple one,” says Manfred Lutz, product manager, trade and payments products. “Bolero offers a fully hosted solution that requires minimal integration on our part and compliments our current bank-client messaging using the German DTA-standard. With BoleroAdvise and BoleroApply we increase the number of alternatives for our customers to participate in one of our bank-to-client communication frameworks.”