Automated global trade and working capital finance network

Challenge
  • In payment commitments the same sets of data are replicated multiple times between parties with each one keeping data in their own trade and general ledger systems
  • Email and paper documents lead to expensive, slow, inaccurate and inconsistent data
Solution
  • Marco Polo Network enables banks and corporates to streamline and automate their global trade and working capital finance activities more effectively
  • Platforms connect and exchange data via the Corda-powered network, creating an interoperable “network-of-platforms”
  • Why Corda? Selected for its unique privacy features and peer-to-peer communication that are necessary for financial transactions
Results
  • 50+ financial institutions and corporates utilizing the Marco Polo Network
  • Inherent identity management, automated contract enforcement and asset verification and tracking
  • The largest and fastest growing distributed trade and working capital finance network