SWIFT Newsletter discusses collaboration with essDOCS
SWIFT have released their first quarterly newsletter of 2014. After the introduction of BPO in 2013, it is clear that 2014 is going to be a fundamental year for the implementation of BPO throughout the industry. essDOCS works with SWIFT on the BPO solution by providing baseline data and controlling the release of the electronic bill of lading until a BPO match has been made.
With 18 out of the top 20 trade banks worldwide adopting the BPO practice, trade finance is following the rest of the industry into the modern era to accelerate the entire supply chain process.