View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Company news
December 22, 2017updated 26 Dec 2017 1:55pm

Danske Bank taps essDOCS to digitise trade documentation processes

Denmark-based Danske Bank has subscribed to essDOCS’ CargoDocs ePresentation to enable its corporate customers use electronic presentation under eUCP Letters of Credit and eDocumentary Collections.

The bank will use the essDOCS solution to manage transactions through the electronic exchange and presentation of eDocs instead of paper documents. The solution will also facilitate handling and controlled transfer of title.

Making use of CargoDocs is part of the bank’s wider plan to adopt digital innovation and increase operational efficiency.

The bank’s rationale behind digitising trade documentation is to improve the speed and accuracy of transactions, as well as mitigate risk and boost compliance. Danske Bank is the first Nordic bank to use the solution.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Retail Banker International