R3 and TradeIX develop open account trade finance infrastructure

Enterprise software firm R3 and trade finance technology firm TradeIX announced an innovative initiative focused on the overhaul of open account trade finance infrastructure.

Through this network, financial institutions will be able to automate pre- and post-shipment financing and risk mitigation for corporate buyers and sellers around the world. In turn, corporate buyers and sellers gain access to light and flexible API-driven technology solutions that help simplify trade, improve visibility into trade flows, and provide access to much needed credit and risk mitigation services at critical points in the trade lifecycle.

Read the press release.