Santander, Partner Banks Launch Digital Trade Platform
October 01 2019 - 4:11AM
Dow Jones News
By Giulia Petroni
Banco Santander SA (SAN.MC) and 13 other partner banks including
Banco BPM (BAMI.MI) and Crédit Agricole Group (ACA.FR) are set to
launch a digital platform to help businesses trade globally, the
Spanish bank said.
The platform, called the Trade Alliance Club, aims to provide
insight on market trends, regulations and trade tariffs for more
than 180 countries through machine learning and cloud-based
services.
By 2022, the platform is expected to cover more than a million
companies worldwide and 90% of global trade corridors, Santander
said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
October 01, 2019 03:56 ET (07:56 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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