Sumitomo Mitsui Banking Corporation (SMBC) Singapore announces its strategic partnership with Traydstream, a global pioneer in digital trade finance solutions, to automate its trade finance operations. This collaboration represents the bank’s decisive stride towards embracing digital transformation and revolutionizing conventional trade processing.
With Traydstream’s unique cloud-based Artificial Intelligence (AI) document checking platform, SMBC will be able to accelerate transaction processing and more efficiently address challenges inherent in conventional trade flows.
Shinichiro Yamazaki, Managing Director, Head of Transaction Banking Asia Pacific at SMBC Singapore, said, “We are excited to embark on this partnership with Traydstream to better optimize operational efficiency across the bank’s trade finance operations and deliver a seamless, unparalleled experience for our clients. Digital transformation has become an imperative for businesses worldwide to stay ahead of the curve. To this end, innovation remains core to our strategy at SMBC, providing us with a distinct competitor advantage to unlock robust growth opportunities. This partnership is testament to the bank’s forward-thinking approach and commitment to pioneering innovative solutions in finance.”
Srividya Subramanian, Global Head of Sales and Implementation MENA & APAC, added, “SMBC Singapore’s commitment to innovation makes them an ideal partner in our mission to reshape trade finance through AI-powered solutions. Our platform’s advanced capabilities empower SMBC Singapore to elevate trade finance processes, reduce manual intervention, and produce outputs of exceptional quality, all while adhering to international rules and guidelines.”