Wins for Nordea and we.trade in the GTR Trade Finance awards

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Kevin Connors, General Manager, Nordea London branch accepts the GTR award
10-05-19 10:59 | Awards and organisational news

According to GTR, the annual awards “celebrate the achievements of the world’s leading trade finance service providers, highlighting excellence in the trade, commodity, supply chain and export finance markets.” Global Trade Review is the industry’s leading trade finance publication and the magazine’s annual awards are highly sought after as market recognition of “pioneering institutions and top performers from around the world.”

On digital track

Nordea continues to aim to simplify and digitise trade finance right along the value chain in order to make the process of trading more efficient and transparent for both SMEs and large corporates. The award of Best Trade Finance Bank in the Nordic Region is further confirmation that Nordea’s trade finance transformation is on track.

One of the way’s that Nordea is digitising trade is by supporting we.trade, the newly launched blockchain based common trading platform. We.trade enables companies to make fast, easy, paperless and Know Your Customer (KYC) compliant trades. Nordea is a leading member of the consortium of banks behind we.trade and the ‘Best Fintech Disruptor award’ is recognition of the innovative technology that is set to change the way companies conduct trade.

Double up

Patrik Zekkar, Head of Trade Finance & Working Capital Management at Nordea, says: “It’s very nice to once again win the award for Best Trade Finance Bank in the Nordics as I think this is where Nordea needs to be. As one of the pillars in the Nordic society, we shall be the biggest bank in the region for trade finance, driving growth and prosperity, and we want to continue to be the leading bank in this area. We need to be consistently at the forefront and stay focused on making life as easy as possible for our customers, wherever they are trading and doing business. I want to thank the Nordea team for making sure that our customers receive high quality advisory and support on a daily basis.”

“The Best Fintech Disruptor award is quite new and given the competition with all of these new good initiatives coming out I think it is very nice for the we.trade platform to receive that recognition. We have been one of the banks driving we.trade from the early days as we could see its potential for bringing huge benefits to our customers. Supporting innovation and challenging ourselves to support new solutions is one of the reasons why we have managed to be recognised by GTR once again,” concludes Patrik.