HONG KONG, Dec. 13, 2020 /PRNewswire/ — Velotrade is pleased to announce that its trade finance platform has been selected by MUFG Bank, Ltd. (MUFG) to manage its internal invoice processing requirements.
The new system automates the processing of thousands of trade invoices every month by MUFG team in Hong Kong.
Under the terms of this partnership, Velotrade recently delivered a highly-customized version of its SFC-licensed platform to MUFG Bank’s Transaction Banking Office for Asia (TBOA).
“Velotrade’s internet-based platform incorporates modern technologies that create efficiencies which traditional financial institutions need to compete effectively today,” said Gianluca Pizzituti, Chief Executive Officer of Velotrade. “Our technology is already proven in the marketplace in addition to meeting today’s strictest compliance standards and we are extremely pleased that MUFG Bank’s…