State Street Bank's three-month-old online open account trade management system, i2eX, will integrate with ecVision's online electronic document management software to provide large retailers and brand manufacturers with trade finance, online.
The integrated platforms will enable companies that source internationally to initiate a purchase order electronically via ecVision's electronic document platform, use the purchase order data to create an electronic letter of credit on i2eX, and finally to initiate a payment.
The alliance, according to Patrick Ho, vice president and regional manager at State Street Bank, Hong Kong, will represent a tremendous opportunity for the bank to tap into and provide trade finance to ecVision's customer...
