Stockholm, November 16, 2020 / PRNewswire / – Returning to the Nordic region for its flagship annual trade Miracle conference, Mitigram with GTR – born in the Nordics and the world’s premier global platform for business risk and hedging today – celebrated 5 years after its official launch .
Mitigram is the first digital market network for corporates, traders and financial institutions. The network was launched in 2015 with a vision to close the digitization gap between corporate treasury and trade Miracle needs, allowing corporations to manage their trade Miracle pricing and transaction processing on a central platform Received
The founder and chief product officer of Mitigram said, “We knew from the beginning that it was not possible to set up a trade Miracle marketplace overnight.” Marjan Wohlen Said that in preparation for the annual GTR Nordic event, which took place virtually this year 10 November And 11. “But 5 years down the road we can confidently say that Mitigram has indeed managed to create a global reliable market network,” Marjon continued.
Another major trade Miracle event at Mitigram, Structured Finance, will also have a spotlight; Approximately organized by German publisher Finance Magazin 23 to 26 November. Mitigram approaches the fintech space with a specific inclusive vision, recognizing that there are no market solutions that can address inefficiencies in the industry.
According to the CEO of Mitigram, Milena Torsiano, “Trade Miracle needs digitization, more than ever, a pressing issue. Particularly in times of global crisis, where all countries are affected simultaneously, corporates, traders and financial institutions have improved processes by closing the gaps between demand and supply of trade Miracle and adopting state of the art digital solutions. Is a unique opportunity to do. “
Such acceleration in adopting technology to maximize efficiency may not occur in a divided ecosystem. Financial institutions have traditionally been cautious in adopting technologies without a clear track record and advanced security. Challenges of differentiation between different technology partners and solution fragmentation are major issues, hindering adoption of new applications. To deliver innovative solutions with long-lasting user benefits, and to achieve sustainable growth, fintech players will need to realize synergies coming through mutual cohesion and collaboration. This model of fintech inclusion can significantly reduce the challenges between innovation needs and technology adoption.
As a demonstration of its commitment to inclusivity, Mitigram has recently partnered with partner Fintech Bolero – a leading global trade Miracle digitization expert – combining resources in a strategic move to accelerate technology adoption. The partnership consolidates processes, and provides a one-stop solution for corporates and banks. For the first time, corporates are able to manage all their business Miracle pricing and transaction processing (including electronic document presentation) on a secure central platform, benefiting from a seamless, end-to-end experience.
In addition to the Bolero partnership, Mitigram has signed an agreement with Swift for the implementation of the Swift L2BA application that will go live early next year, enabling corporations and banks to choose their preferred instruction delivery channel over Mitigram.
Mitigram has already facilitated the over conversation USD 55 BN In trade Miracle among its 200+ top-rated clients. The recent release of the match-making engine Open Market Discovery has made it more extensive for corporations and traders to access financing opportunities in countries and territories that were difficult to cover with a network of already existing financial partners.
About Mitigram (www.mitigram.com)
Mitigram is the premier global online platform for financing and hedging business risks. Adopted by multinational corporations, major commodity traders and many of the world’s largest banks, Mitigram is a collaborative, skilled corporation for corporations to negotiate safely with their financial institutions in negotiating trade Miracle, bonding and guarantees and risk mitigation. And provides a cost-effective approach. Mitigram allows banks to collaborate with each other and in the exchange of information with non-bank financial institutions to effectively communicate and redistribute trade Miracle. The platform provides access to an expanded network of counterparts, supports extensive automated quotation workflows and provides a better understanding of market pricing to all parties.
Launched in 2015, Mitigram facilitates $ 55 billion Trade Miracle in 100+ countries covers the risks of more than 1000 issuing banks in both developed and emerging markets.
About Bolero Internationalwww.bolero.net)
Bolero International has built a strong reputation and market leadership position in the digitization of global trade. With over 20 years of experience in business, marine and cloud technologies, Bolero has the knowledge, experience and proven track record of helping the industry capitalize on the benefits of transition and digitization.
Its multi-banking business Miracle and electronic bills of solutions are recognized worldwide and are connecting corporate with their logistics partners and financial institutions worldwide.
The Bolero is where physical and financial supply chains meet. With Galileo, clients can tap into the Bolero’s connected digital ecosystem, which is secure, reliable, and fully interoperable.
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