Abu Dhabi Commercial Bank (ADCB) has unveiled its Trade Booster platform that helps identify businesses looking to trade goods internationally.
The new digital platform partners with 14 banks that make up the Trade Club Alliance: Abu Dhabi Commercial Bank, Attiijariwafa Group, Banco BPM, Banco Santander, Royal Bank of Canada, CIMB, Crédit Agricole Group, Eurobank, KBC Group, Industrial Bank of Korea, MUFG, Nordea Group, Siam Commercial Bank, and Standard Bank.
Each Trade Club Alliance bank is responsible for vetting businesses before they become a member, and will help oversee the admission process, actively identify and facilitate business opportunities and coordinate trade missions on the ground, ADCB said in a statement.
The new platform will provide insight on regulations and trade tariffs for the relevant countries. It will provide members with market information on more than 180 countries, including currency analysis, market trends and shipping requirements, serving as a conduit for trusted buyers and suppliers to connect with counterparts in markets around the world.
“ADCB Trade Booster is a unique and exclusive, by-invitation-only, platform for valued clients. It enables them to access a global network of trustworthy businesses not just by connecting them locally and globally with each other but also by identifying opportunities of cooperation while maintaining the highest industry standards,” Samer Younes, Lead Digital Trade Implementation & Channel Management, at ADCB said.
The platform will cover sectors such as healthcare, agriculture, machinery, textiles, chemicals, woods plastics and metals.
(Writing by Gerard Aoun; editing by Seban Scaria)
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