The global banking in general and the trade ecosystem in particular is made up of diverse systems operated by a wide spectrum of organizations, including financial institutions. They are closely monitored, as it consists of cross-border transactions that may be vehicles for money laundering or other illegal activities. This requires organizations and individuals involved in international trade to coordinate with different partners, service providers, national and international regulatory authorities, and other entities across the Financial Supply Chain.
Trade solutions must therefore interface and exchange data with disparate systems built on different platforms through standard and purpose-built adapters. The PSI Component Library has proven useful for banks to quickly enable Straight-through-Processing (STP) and interoperability across internal and external systems.
The TradeFree™ Solution Suite is complemented by a growing number of components from
The TradeFree™ solution is constantly changing, progressively increasing its ability to talk to the multiple systems that comprise the trade ecosystem
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