Our Fintech Initiatives attract more experts to ITFA

We are delighted to welcome more technology experts to our Fintech Committee. Those experts have identified the importance of industry collaboration to achieve strategic ambitions such as digitizing negotiable instruments including warehousing receipts, and expanding distribution to capital markets.

We welcome Atom Advisory, CredAble,IMP and T3i Partner Network to our committee and initiatives.

Wayne Mills, Founder and Managing Director of Atom Advisory Ltd explains the decision: “Incredibly important initiatives in which Atom Advisory is proud to play a part. Unlocking the latent potential in both trade digitalisation and distribution will contribute to global prosperity and support better access to capital for all involved in international trade.”.

Vikrant Yadav, VP International Business, CredAble said: “CredAble joined ITFA to support its Digital Negotiable Instruments (DNI) Initiative. This initiative is poised to simplify trade finance by digitizing trade operations and documentation. The collaboration with ITFA’s DNI Initiative aligns seamlessly with CredAble’s mission to drive innovation in trade finance by digitizing and streamlining trade operations and documentations using its trade finance and SCF Technology Platform, thereby enhancing efficiency and reducing the complexities associated with traditional paper-based processes.”

Udo Klein, Founder and CEO, IMP said: “Joining the DNI Initiative is an important and exciting opportunity for IMP and for our global customer base. IMP, which has pioneered the Digital Warehouse Receipt (“DWR”), an authenticated electronic instrument that conveys to the holder exclusive control over the underlying physical commodity, is designed to be interoperable with other digital trade platforms and brings modern necessities to commodity lenders and financiers. IMP addresses key issues including security, governance, prevention of documentary fraud, risk mitigation and efficient, seamless trading and asset management. As a result, lenders & funders can increase loan to value ratios for these commodities, accurately value their collateral, liquidate positions if required, and be fully digitally integrated with industry participants including banks, corporates, and warehouses.

“The T3i Partner Network is proud to join both DNI Initiative and TFD Initiative to pro-actively contribute to the consensus-built standardised and technology focused best practices for the wider distribution of trade finance assets.”, said Daniel Cotti, Founding Partner, T3i Partner Network. “T3i’s goals and objectives are unequivocally in synch with both initiatives and we are looking forward to contribute to the changing landscape of trade distribution and work closely with the members of both initiatives to push the boundaries and help institutional investors to access the trade finance asset class.”

The ITFA Fintech Committee establishes new tradetech market practices benefiting financial institutions, their clients and counterparties. Our flagship initiatives – DNI Initiative and TFD Initiative – demonstrate how to put collaboration to work in order to scale trade origination and distribution through policy and technology innovations. Both initiatives continue to deliver short-term testimonials featuring leaders in digital trade innovation.

Reach out to André Casterman, Board Member and Chair Fintech Committee at ITFA for joining those initiatives.