“ The partnership with IBM and the collaboration with the banks, enables us to do things we were not able to do alone. Suddenly, we can reach currently 30% of the European SME markets ”
—Patrik Zekkar, Global Head Trade Finance & Working Capital Management, Nordea Bank Abp
Business Challenge
International trade is about buying and selling across national borders and represents new market opportunities. Although small and midsize enterprises (SMEs) as a group may stand to gain the most from international trade, they’re also least equipped to absorb these so-called counterparty risks.
Transformation
we.trade members represents a cross section of big European banks and is considered a protected ecosystem for cross-border trading. The enabling technologies for the we.trade platform are IBM Blockchain and IBM Cloud.
Solution Components