ComBank launches ‘TradeLink’, digital platform for importers/exporters
View(s):Sri Lanka’s importers and exporters have been provided with a sophisticated new digital platform for all their trade finance requirements by the Commercial Bank of Ceylon.
‘ComBank TradeLink’ is a seamless, intuitive, user-friendly and future-ready digital front-end that will provide end-end solutions covering the entire customer journey, simplifying and accelerating trade finance transactions and promoting compliance, the bank said in a media release.
Importers using ComBank TradeLink will have 24×7 real-time digital access to products such as Import Letters of Credit, Import Collection Documents, Shipping Guarantees and Advance Documents, Open Account Payments, Advance Payments and Letters of Guarantee.
Exporters can access Export Letters of Credit and Export Collection Documents via this online resource, expediting their export-related transactions and enhancing efficiency.
Among the many benefits offered by ComBank TradeLink are enhanced visibility with real-time status updates and notifications; personalised templates for quicker processing, minimising manual efforts; secure, multi-level authorisation workflows; improved document management with the ability to upload and view documents related to trade transactions; and a dashboard exclusive to each user.
“From its very inception, Commercial Bank has been a leading player in the trade finance sphere and has historically been one of the country’s biggest facilitators of imports and exports,” Commercial Bank Managing Director/ CEO Mr Sanath Manatunge said. “This legacy of commitment to trade finance facilitation continues with this latest initiative, which will take trade finance to the digital realm with a comprehensive suite of online services that will expand and evolve with local and global changes in this sphere.”
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