360tf which joined ITFA mid 2021 has decided to engage with the wider trade finance community by leveraging our DNI Initiative.
Vikram Lodha, Co-founder, and CEO of 360tf explain the membership decision: “Backed by a decade of Trade Finance expertise 360tf is a Nimai group endeavor to help Customers and Banks across the globe find each other instantly and digitally, enabling best deals for trade flows. Embracing legal developments such as those facilitated by the MLETR and advanced document technologies such as those embraced by ITFA’s DNI Initiative is a priority for us to grow our own value propositions. We aim to facilitate Proof of Concept trials with our customers and promote new MLETR-compatible digital trade options around the globe.”
“We are delighted to welcome additional digital trade platforms such as 360tf to the DNI Initiative.”, says André Casterman, Chair Fintech Committee, ITFA. “The adoption of MLETR by various jurisdictions around the world is progressing steadily and it is now vital for trade-focused technology providers to ready themselves to handle digital guarantees and digital negotiable instruments.”
The ITFA Fintech Committee now regroups a total of 48 players which are listed on our website. Our Fintech Initiatives aim to address two market-level ambitions: DNI Initiative focuses on digitizing trade documents and negotiable instruments in corporate-to-bank relationships, whilst TFD Initiative aims to establish trade finance as an investable class towards institutional investors. Our advocacy task force (TERA) aims to promote the integration of digital options such as MLETR-based e-originals within national laws.