FStech: Five more banks join Trade Finance project

TFDI announced that Commonwealth Bank of Australia (CBA), ABN Amro, London Forfaiting Company, Crown Agents Bank and Natixis have joined the likes of Crédit Agricole CIB, Deutsche Bank, HSBC, ING, Lloyds Bank, Rabobank, Standard Bank and Standard Chartered Bank as members.

Using machine learning technology for supply chain predictive analysis, transaction level credit scoring, risk management, the TFDI said its members will work together to utilise and adopt a common infrastructure powered by Tradeteq, the global trade finance distribution platform.

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