Tag Archive: BPO

UniCredit’s David Vials in TMI: digital tools can help UK Corporates seize CEE potential

UK corporates are increasingly looking beyond Western Europe for growth. Central and Eastern Europe, with over 100 million consumers and a combined GDP of over GBP 1tr, is a region of remarkable potential and increasingly part of the discussion. Nevertheless, increased risk from local counterparties, and cultural and regulatory complexities can hinder successful trade. Writing …

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Digitalization and collaboration can address rising risk in the emerging markets, says UniCredit’s Katharina Michael in International Trade Magazine

Substantial shifts in global trade flows have led to increased volatility and risk for corporates trading in the emerging markets, says Katharina Michael, Head of Trade Finance Sales Germany at UniCredit in International Trade Magazine. Collaboration and digitalization are therefore crucial to helping banks meet the growing demand for risk mitigation in these regions and …

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Trade finance innovation must cater for corporates of all sizes, says UniCredit’s Raphael Barisaac

Small and medium-sized enterprises (SMEs) are not only an important market for banks’ trade finance innovations, they represent one of the best vehicles for driving widespread adoption of new digital tools, writes Raphael Barisaac, Head of Trade Products at UniCredit, in the bank’s new treasurer’s guide, Going Global, Going Digital, produced in partnership with TMI. Indeed, according to the …

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Commerzbank’s Angela Koll discusses the rise of the BPO in Treasury Today

In an interview with specialist financial publication, Treasury Today, Angela Koll, Vice President, Specialist Trade & Supply Chain Finance at Commerzbank, sets out the reasons why banks and companies are making ever greater use of the ‘Bank Payment Obligation’ (BPO). A BPO is a digitalised trade instrument that electronically matches data on trades, invoices and …

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Commerzbank’s first BPO transaction between China and Germany makes its mark on the specialist press

The Bank Payment Obligation (BPO) transaction covered the export of chemicals from China to Germany. The buyer, and Commerzbank’s client, was chemicals company TRIGON Chemie GmbH, based in Schlüchtern, near Frankfurt. The seller’s bank was the Industrial and Commercial Bank of China (ICBC) in Beijing. Transactions between the two were previously handled by documentary collection. …

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UniCredit completes landmark first UK BPO live transaction

UniCredit, in collaboration with Commerzbank’s London offices, has carried out the first BPO live transaction – processing the export of a shipment of chemicals from Heraeus Metal Processing Ltd. to Ecocat Italia Srl, an automotive parts producer based in Genoa.  Previous transactions between the two were handled by open account invoice, secured by a bank …

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A landmark transaction for Commerzbank as it completes its first UK BPO

The transaction was orchestrated between UniCredit and Commerzbank’s London office, and covered the export of chemicals from Ireland to Italy. Commerzbank’s customer, the supplier, is Shannon-based chemicals company, Heraeus Metal Processing Ltd. The buyer, UniCredit’s customer, is Ecocat Italia Srl, an automotive parts producer in Genoa. Transactions between the two were previously handled by open …

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Commerzbank’s Angela Koll identifies trading challenges and solutions ahead of Sibos 2016

Offering her insights to the latest edition of Sibos Issues – the official newsletter of the 2016 global banking conference in Geneva – Angela Koll, Commerzbank’s vice president of specialist trade and supply chain finance, suggests that recent innovations in digital payments can improve transparency across supply chains, help bring trade finance to new markets, and free up …

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UniCredit’s Markus Straußfeld discusses advances in digital payments in new guide from The Paypers

The field of payments is undergoing a period of rapid change, with digitalization and competition bringing new levels of speed and efficiency, says Markus Straußfeld, head of international cash management sales at UniCredit, in The Paypers’ new B2B Fintech: Payments, Supply Chain Finance & E-invoicing Guide 2016. In a wide-ranging interview, Straußfeld discusses a number of …

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UniCredit’s Thomas Dolenga explains how digitalization is transforming treasury in TMI

The shift to digital processes has already been a fruitful one for corporates, but the benefits are set to keep flowing, writes Thomas Dolenga, head of cash management product development at UniCredit, in TMI. As technology companies move into the financial space, bringing innovative tools for corporate transactions, they are stoking the fires of competition – causing banks to ramp up …

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