DNI Initiative – educational webinars by Fintech Committee members

Following the release of the first deliverable of the DNI Initiative, the ITFA Fintech Committee is delighted to invite you to two educational opportunities as follows:

1. DNI Initiative – Introduction taking place on Tuesday 12 May 10am UK and 3pm UK time

The goal of the Introduction webinar is to share the approach chosen by the ITFA Fintech Committee and the initial legal and technology outcome delivered to you through the electronic Payment Undertaking (ePU). During that session, we will also cover how various technology providers are working together to increase digitization of trade documents. Banks and funding platforms will get insights on the benefits and how to extend those to their clients. We will also share the next steps with regards to our regulatory lobbying work.

Ronan Daly, Head of Product – Lending, Ebury explains: “Ebury is dedicated to digitalising our clients’ entire user journey including that of our Trade Finance products. We continuously seek new technology to create the best experience for our clients and welcome any technology and policy developments, especially in the area of negotiable instruments, which are key to our product. We find a lot of value in participating in the ITFA DNI Initiative and are exploring extending the new digital option – the ePU – to our clients.”

2. DNI Initiative – Technology integration by China Systems and Enigio taking place on Tuesday 19 May 10am UK and 3pm UK time

The goal of this second webinar is to demo the integration of digital original technology with front- to back-office technology. Both Enigio and China Systems have collaborated over the last few months to deliver such integrated solution aiming to digitise any type of trade document such as bank guarantees and negotiable instruments.
 
Joel Schrevens, Solutions Director, China Systems explains: “The first instrument we have implemented, and are able to demonstrate today, is a Digital Guarantee, which allows us to substitute a paper based transaction with a fast and secure digital document exchange between the different Guarantee parties, using exactly the same processing flows and capabilities defined for SWIFT and paper based Guarantees. We can now reuse the framework to provide support for the ePU and replace the printing and physical exchange of other trade documents with a fully digital process, irrespective of business content, standard or network.”
 
Those ITFA webinars are exclusively available to our members. Please confirm your registration to lanika@itfa.org by mentioning which webinar you wish to join and which session (10am UK or 3pm UK).
 
We look forward to offering you a fruitful educational experience. In the meantime, we invite you to discover highlights in our dedicated blog entitled “ITFA fintechs joining forces to digitise negotiable instruments using advanced document technology”.