Bolero, an industry group part-owned by international banking group SWIFT, has spent the past five years building and refining a platform that enables anyone engaged in cross-border trade to exchange business data and documents securely over the internet, in a legally certain environment.
Recent months have seen ANZ Banking Group in Australia join up to the platform, and several huge global mining and metal companies - BHP Billiton, Rio Tinto, POSCO and Brazil's CVRD - have also begun using Bolero to lower costs and increase security and efficiency in post-trade document processing and settlement.
With JPMorgan Chase about to formally announce it will be the first to extend its partnership with Bolero to...