Nordea best globally in digital trade finance

Trade finance
Nina Groth and Susanne Riis
15-11-12 10:56 | Awards

Nordea was recognised as The World’s Best Digital Bank for Trade Finance at Global Finance’s World Best Digital Bank Awards at the Digital Bank Conference in London on 27 October. Nordea won the top award for Trade Finance Services in the category of Best Corporate/Institutional Digital Banks, beating strong global competition to the prize.

“The value and reliability of these awards is an explicit acknowledgement of our strategic ambitions and shows the initiatives we are running will move Nordea Trade Finance securely into the future when it comes to delivering digital solutions to our customers. The award for digital solutions that meet the demands of tomorrow’s customers really shows we have started that journey and is a vote for our forthcoming Trade Finance Global system.

 “Digitalisation is one of the most important topics in banking today and in Nordea it is a top priority. Therefore, receiving an award for best Corporate/Institutional digital bank globally is a great accomplishment and recognition of the work we have done and continue to do in this area,” commented Nina Groth and Susanne Riis, Nordea’s Co-heads of Trade Finance.

Currently, 82% of all trade finance transactions made through Nordea are done by electronic interchange. This combined with Nordea's early adoption and pioneering of new industry initiatives such as SWIFT MT798 for multi banking and the forthcoming Trade Finance Global (TFG) system are some of Nordea's strengths in meeting customer needs in trade finance. A customer-focused newsletter and website championing thought leadership, insights.nordea.com, also keeps customers ahead of industry trends.

Global Finance’s editors select winners based on their strength of products and services following an initial evaluation from Infosys, a global leader in consulting, technology and outsourcing solutions.

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