NDB first bank to pave the path to digitalisation with TradeLens
View(s):NDB Bank recently signed up with “TradeLens”, a Blockchain platform jointly developed by Maersk and IBM, as the first bank in Sri Lanka enabling the possibility of providing digital trade finance to its valuable customers.
Joining hands with the world’s most expansive blockchain supply chain network, NDB will gain access to critical trade data to help customers automate manual verification processes, drive transparency, simplify compliance and streamline financial processing and settlement. Several global banks across the trade finance space are turning to TradeLens for a new way of handling documentary trade, supply chain finance and compliance, NDB said in a media release.
“Connecting with all stakeholders and sharing information, without any risks of security and privacy breach is the driving force of holistic digitalisation. As the first bank in Sri Lanka to unlock the potential of Tradelens ecosystem, we are committed to a more secured and robust supply chain network with our customers. It’s never been this easy before to fulfill the credit needs of our customers,” said Sanjaya Perera, Senior Vice President – Personal Banking and Customer Experience of NDB Bank.
The solutions offered by TradeLens are accelerating the digitisation agenda of the supply chain industry around the world by transforming manual, paper-based and time-consuming administrative processes into digital ones. TradeLens allows an eBL to be digitally issued and moved electronically through its journey with all the stakeholders.
“TradeLens has brought to table solutions that will delight our customers with ease of doing business, visibility, speed, and safe and secure digital solution that will create value for them,” said Siddharth Iyer, Country Manager, Maersk Sri Lanka and Maldives.
Meanwhile, Eswaran Brothers Exports, one of Sri Lanka’s premier tea suppliers for over five decades, became the first exporter out of the country to adopt eBL from TradeLens.
“As we cater to markets in over 52 countries, we realised digitisation is the key to streamline our business easily across the global supply chain. With the TradeLens eBL, we’ve digitised our manual paper-based processes. This has helped to reduce errors, improve security and have mitigated chances of any additional costs,” noted Subramaniam Eassuwaren, Vice Chairman of Eswaran Brothers Exports.
Hitad.lk has you covered with quality used or brand new cars for sale that are budget friendly yet reliable! Now is the time to sell your old ride for something more attractive to today's modern automotive market demands. Browse through our selection of affordable options now on Hitad.lk before deciding on what will work best for you!