All Digitisation & Technology Trade Finance News All Digitisation & Technology Trade Finance News March 26, 2024 From 2023’s Highs to 2024’s Bright Start: Bolero Continues to Lead in eBL Issuances In the ever-evolving realm of digital trade solutions, Bolero (part of WiseTech Global) has consistently been at the forefront, pushing the boundaries of innovation and operational excellence. As we move further into 2024, we're thrilled to… Read more July 22, 2022 How can banks make life easier for their corporates clients? By Jacco de Jong, Global Head of Sales, Bolero International Corporates engaged in international trade are all too frequently stuck with manual methods despite advancing digitisation in many other areas of professional life. This manual… Read more July 22, 2022 The standards debate continues – Why you need to digitise your trade processes now By Jacco De Jong, Global Head of Sales, Bolero International Digitisation of global trade has gained greater urgency since the pandemic but its still a long way off. So many processes still rely on paper documents such as bills of lading… Read more May 5, 2022 eBLs; the decades old innovation changing today’s game. The first use of paper was in China in the 2nd Century BC, and it wasn't widely used by Europeans until centuries later. Paper was certainly a much better medium for recording your shipping consignments than bamboo, silk, or other fibres. Today,… Read more March 9, 2022 How treasuries can cut through the paper mountain and better manage credit facilities. Corporate treasury departments responsible for managing transactions and credit facilities with banks and insurance providers are facing a raft of challenges, which the past two years have put into ever-sharper focus. Many treasurers still… Read more February 7, 2022 Four Things Banks Must Look Out For When Upgrading Their Client Portals The pandemic had previously put a break on impending SWIFT Releases that were originally penciled in for 2020. When those were pushed back to November 2021, that was a welcome deferment to allow financial institutions to ready themselves for… Read more June 15, 2021 4 Benefits of The Electronic Bill of Lading That Should Increase Utilisation The electronic bill of lading (eBL) is already enabling trade counterparties to get their hands on cargoes days faster, freeing up working capital along the global supply chain. The Digital Container Shipping Association (DCSA) estimate that… Read more November 11, 2020 Societe Generale India selects Bolero to digitise LC transactions for major exporter Societe Generale India has used the Bolero platform to switch from traditional paper-based trade processes, digitising transactions for a major exporter, transferring documents electronically for speedier settlement. In doing so, Societe… Read more November 6, 2020 Bolero’s vital role in a ground-breaking international trade transaction using blockchain Bolero’s electronic Bill of Lading (eBL) platform has been at the centre of an important first in the practical application of blockchain technology to the digitisation of trade finance. For the deal in question, HSBC India and ING Bank… Read more August 18, 2020 Bolero sees demand rocket for trade digitisation New Galileo platform and integrated carrier solution allows banks, corporates and shipping liners to accelerate transactions despite pandemic disruption London, 18th Aug, 2020 –Bolero International, the leading global trade finance digitisation… Read more May 28, 2020 Bolero opens up Portugal with first use of its electronic trade digitisation platform by bank and corporate in the country Leading Portuguese bank, Caixa Geral de Depósitos, and importer Mibepa accelerate major plastics shipment from India using trade digitisation functionality of Bolero’s ePresentation platform to overcome coronavirus-related barriers London,… Read more May 21, 2020 Cargill Australia uses new Bolero Galileo trade finance platform to speed up China canola oil transaction despite coronavirus disruption Galileo’s advanced functionality enables agricultural exporter to beat Chinese May Day holiday deadline despite coronavirus restrictions London, 21st May, 2020 – Cargill Australia, a major provider of grain, oilseeds and other agricultural… Read more April 24, 2020 CEO Andrew Raymond reflects on his first 12 months at the helm of Bolero Andrew Raymond, CEO From design to launch – Galileo made for an exciting first 12 months as CEO I’m happy to report it’s been a year of real progress since I took the helm as CEO of Bolero. The high-point, by a nautical mile,… Read more March 26, 2020 COVID-19 Update Andrew Raymond, CEO Quick update to our clients, partners and collaborators regarding Bolero and the evolving COVID-19 pandemic. Foremost in our thinking is the health and welfare of our staff and we are taking every precaution to… Read more November 9, 2019 Digitised bills of lading deliver ten times faster than paper – here’s the proof There can be no clearer demonstration of how digital trade documents such as bills of lading reduce costs and hugely increase the efficiency of world trade. Research conducted by Bolero analysing its own data that goes back to when Bolero… Read more September 16, 2019 Major global carrier selects Bolero International to deliver paperless bills of lading solutions to its customers London, 12th September, 2019 – A major global carrier and logistics group headquarted in Europe, is integrating Bolero International’s electronic bills of lading (eBL) technology into its back-office systems to deliver paperless digital… Read more October 22, 2018 Swire Shipping uses Bolero International electronic bills of lading to speed Cargill Australia-New Zealand grain shipment First use of Bolero solution by Swire Shipping, working in partnership with BSM and Cargill Grain Australia, opens new routes for Bolero’s safer, smarter, faster trade documentation digitisation London, 22nd October 2018: Swire Shipping,… Read more September 6, 2018 Wan Hai Lines executes first Bolero International electronic bill of lading to accelerate Taiwan-China shipment New partnership with Bolero International enables Wan Hai to eliminate costly delays and boost security for polyester filament shipment London, 5th September 2018: Wan Hai Lines, the Taiwan-based carrier with the most comprehensive service… Read more August 30, 2018 UK trading company finds Bolero a “no-brainer” for shipments to East Africa London-based Aprirose Trading has saved significant amounts of time and money since shifting to electronic bills of lading and digitised documentation, using Bolero’s ePresentation to facilitate polymer shipments to East Africa. “A… Read more July 13, 2018 Fraud or deception using bills of lading can be eliminated through digitisation Simon Streat, VP Product Strategy A case involving sheepskins exported from Australia to China is yet another demonstration that paper bills of lading are open to all manner of manipulations. In this case, which was before the courts… Read more May 30, 2018 Bolero International partners with NR Capital to open up SME commodity trade finance Alternative Commodity Trade Finance solution NR Capital employs Bolero platform to help SMEs gain access to crucial investment for physical commodity transactions London, 30th May 2018: NR Capital, the innovative, Singapore-based alternative… Read more May 15, 2018 Bolero International wins GTR Best Deals award Bolero, with partners HSBC and Home Depot, has won a GTR Best Deals 2018 award London, 15 May 2018: Bolero International, HSBC and Home Depot, have jointly won a GTR Best Deals 2018 award for their innovative implementation of a matched… Read more April 11, 2018 The time is ripe for digitisation in the MENA region Andrew Raymond, Global Head of Sales Digitisation is high on the agenda in the Middle East and North Africa (MENA) region, with double-digit predictions in the air for the rate at which its market for digital transformation will expand. Much… Read more March 20, 2018 Bolero International scoops Asia supply chain finance strategy award Bolero, with partners HSBC and Home Depot, has won Corporate Treasurer’s Best Supply Chain Finance Strategy award London, 19 March 2018: Bolero International, HSBC and Home Depot, have jointly been named best supply chain finance… Read more March 1, 2018 Evergreen Launches New Electronic Documentation Function in Partnership with Bolero International Evergreen Line introduces paperless Bill of Lading (B/L) and dispatch documentation via its ShipmentLink digital portal, enhancing connectivity for exporters and importers with banks, insurers, regulators, customs and port authorities. Evergreen… Read more October 20, 2017 HSBC to accelerate global supply chain finance with Matched electronic Purchase Orders e-Finance solution automates processing of purchase orders and invoices London, 17th October 2017: HSBC, the world’s leading trade bank, has introduced a Matched electronic Purchase Order (Me-PO) financing solution to dramatically improve… Read more March 1, 2017 Bolero ePresentation accelerates ore shipment from Australia to China Electronic documents enable fast release of shipment without requirement for letter of indemnity London, March 2017: Bolero ePresentation solution achieved a major savings in time and cost on a complex shipment of iron ore from Australia to… Read more February 14, 2017 Bolero to moderate panel on Trade Digitisation at GTR’s 2017 India Trade & Treasury Conference on 22nd February Bolero will be exhibiting at the Mumbai event with CEO Ian Kerr moderating the panel London, 14th February 2017: Bolero International, the leading trade finance digitisation solution provider, today announced it will be exhibiting at the GTR… Read more January 19, 2017 Busting the eight myths of digital trade finance Digitisation of trade finance has huge potential to deliver significant benefits to corporates, banks, carriers and other trading partners. As well as reducing the time, costs and risks of trading, digitisation opens up a new level of visibility,… Read more November 21, 2016 GTR Asia showed how the tide is turning in favour of digitising trade finance Now is the time for digitisation – that was certainly the widespread view at this year’s GTR Asia Trade & Treasury conference in Singapore. A record-breaking 900 delegates attended the two-day event (September 6-7) which is probably… Read more November 21, 2016 Electronic bills of lading are part of the quiet revolution in world trade Paper must have seemed like a revolutionary medium when it came into use about 2,000 years ago in the East. It certainly beat bamboo or silk as a means of recording what should be in a shipping consignment. We are probably at a similar crossroads… Read more April 26, 2016 Bank guarantees – how going digital means commercial landlords can avoid the pitfalls Bank guarantees are a vital feature of many sectors of business, but are costly to manage and all too easily mislaid or found to be riddled with inaccuracies that render them invalid. Why is that? To a large extent it is because paper… Read more March 1, 2016 Cargill migrates to Bolero for South Korea shipment Australian commodity giant completes first grain shipment to South Korea using Bolero ePresentation platform London, March 2016: Cargill Australia, an Australian agribusiness, has successfully completed its first shipment of grain from Australia… Read more Load more