Santander, Partner Banks Launch Digital Trade Platform

Date : 10/01/2019 @ 8:11AM
Source : Dow Jones News
Stock : Banco Santander SA (SAN)
Quote : 4.05  0.16 (4.11%) @ 12:59AM
After Hours
Last Trade
Last $ 4.10 ▲ 0.05 (1.23%)

Santander, Partner Banks Launch Digital Trade Platform

Banco Santander (NYSE:SAN)
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   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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