Nokia was keen to pilot the Traydstream platform for an approach to improve the speed, efficiency as well as standardisation of their document checking process. The 10-week pilot will include three of Nokia’s advising banks, OP Group, SEB, and Standard Chartered Bank.
Finland-based OP Financial Group consists 155 co-op banks with over 4.3 million customers. SEB provides comprehensive solutions for corporate and institutional clients and company officials have stated that the pilot is meant to lead to a wider adoption of change within the trade finance business area and throughout the supply chain.
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