Natexis Banques Populaires has licensed the Global Trade Portal of Neomalogic, a provider of internet-based trade finance solutions for the financial services industry, to enable its corporate clients to perform their documentary credit transactions on the internet.

Following an intensive evaluation of several solutions proposed by the primary international trade finance software vendors, Natexis Banques Populaires has selected Neomalogic’s Global Trade Portal for the deployment of its new online service aimed at importers and their letters of credit transactions.

With its Global Trade Portal, Neomalogic provides an innovative electronic banking trade finance solution for banks willing to offer their corporate clients a full-featured internet-based console for the management of online letters of credit, documentary collections, financing, guarantees and their underlying documentation (document preparation, eUCP).

“By selecting Neomalogic’s Global Trade Portal, we have primarily chosen to satisfy the demands of our clients by providing them with an open, user-friendly and proven solution,” explains Marie-Helene Spillemaecker, head of marketing for international corporates and financial institutions at Natexis Banques Populaires, “and since the start of our project, we pride ourselves on having selected a partner who provides proximity with best-in-class reactivity.”