Barclays Bank contributes USD 3 million to Trade Ledger

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Under a three-year technology agreement, Barclays Bank has invested USD 3 million in Trade Ledger and agreed to implement its working capital platform.

For Barclays Corporate clients in the UK and other countries, end-to-end credit management automation will be made available through the new platform.  Customers of Barclays can now transfer data directly through an API from their accounting software package using the online application form.

Additionally, they have the choice of uploading their data via a user interface.  Within hours of receiving an application, the Trade Ledger platform uses a rule-based decisioning engine to automatically generate a survey and risk report, which is then sent to the underwriters.

Read More: Barclays Bank invests £3 million in Trade Ledger

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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