Shapefin

Barclays Partners with CGI and Komgo to Enhance Digital Trade Finance Capabilities

Share It:

Barclays has announced a strategic partnership with CGI to integrate CGI’s Trade360 platform with Komgo’s Konsole system, aiming to enhance its digital trade finance offerings for corporate clients.

This collaboration is designed to improve transaction transparency, increase processing speed, and reduce operating risks for Barclays’ corporate clients. The integration also seeks to eliminate manual entry processes, which have historically slowed down trade finance operations.

Jaya Vohra, Barclays managing director and global head of trade & working capital, stated, “Our corporate clients increasingly expect seamless, digital-first solutions for their global trade finance needs. By integrating Komgo with CGI Trade360, we will be providing our clients with a fully digital experience while simplifying operations processing. This is a crucial step in our ongoing commitment to digitalizing trade and providing faster, more efficient solutions.”

For Barclays’ customers, this integration will result in a more streamlined and automated workflow. Corporate clients utilizing Komgo’s Konsole, which is recognized as the largest multi-bank trade finance platform, will now see their transactions flow directly into Barclays’ internal systems through CGI Trade360.

Neil Sadler, CGI senior vice-president for banking and financial markets in the UK, commented, “CGI is dedicated to advancing the digitization of trade finance by acting as the bridge between institutions and innovative fintech networks, ensuring the industry, and our clients, can scale confidently. Banks are at the heart of global trade financing, and CGI is ready to enable this next stage of digital integration with the advanced processing capabilities of CGI Trade360.”

Michael Mandell, Komgo managing director for the Americas, added, “The integration of Konsole and CGI Trade360 at Barclays demonstrates how combining our multi-bank network with CGI’s robust processing capabilities delivers real value to both banks and corporates. Together, we are enabling faster, more secure, and fully digital trade finance workflows — a concrete step towards the truly connected ecosystem that global corporates expect.”

Latest Posts