As seen on Finextra here.
Trade finance software firm, Traydstream, have announced the executive appointment of Asif Ali as Managing Director of Product.
Ali brings extensive knowledge of the trade space to the FinTech, having most previously headed Citi’s Trade Business for United Arab Emirates (UAE), Iraq and Lebanon, in addition to Corporate Trade Sales for Middle East and Pakistan (ME&P).
In its bid to become the go-to platform for banks and corporates looking to digitalise and automate the core trade finance processes of document collection and verification, this is the latest in a string of appointments announced by the firm, as they seek to build out their core management with top trade and technology individuals.
Asif Ali’s appointment as Managing Director of Product represents a significant addition to the team, bringing over 23 years of trade experience across business management, product development, client sales and operations, and risk control. At Traydstream, Asif will manage and own the core product and compliance pillars reporting directly to the CEO.
On his shift into FinTech and appointment at Traydstream, Asif Ali gave this comment: “Having faced firsthand the pain-points of manual dependence and the duplication of processes, Traydstream’s solution stands out as truly having the potential to automate the back-end processes that underpin trade finance, making banks’ and corporates’ lives markedly easier.”
Co-Founder at Traydstream, Achille D’Antoni described Ali’s hire as “Excellent news for Traydstream; Asif is a consummate professional whose world-class trade knowledge and expertise will ensure the continued development of our leading solution to the manually dependent and cumbersome global operations of trade finance”.
Trade Finance software firm Traydstream have been named ‘Online Technology Provider of the Year’ at the prestigious FStech Awards 2018.
Now into their 18th year, the FStech Awards, hosted by FStech Magazine, showcase excellence and innovation within the UK and EMEA financial srevices sector. Celebrating the very best across a range of categories, the awards ceremony and gala dinner were hosted by the brilliant comic Lucy Porter on 22nd March at the famous London Mariott Hotel, Grosvenor Square.
Traydstream had also been nominated for the ‘Financial Sector Innovation of the Year’ category, but were pipped to the post by TSB Bank.
You can view all other category winners here.
Collecting the award on the night, Traydstream CEO Sameer Sehgal gave this comment on their success: “We are delighted with this continued recognition of Traydstream’s capabilities. It is a unique product that is transforming the trade finance landscape for the better, offering clients more accurate and efficient document processing and scrutiny, at a fraction of the time and cost.
Traydstream is making waves within the world of Trade Finance, an industry heavily reliant on manual intervention, and the paper-intensive duplication of work. The platform is currently being road-tested with numerous banks and large corporates who are seeking to improve their trade operations with the implementation of newly available technology.
About the awards:
The FStech Awards, the official awards show of FStech Magazine, represents the pinnacle of best practise, a chance to learn from the best, a fantastic gala dinner, entertainment and the chance to network with the best of the industry. It’s free to enter the awards and you can put your organisation forward in as many categories as you wish.