BNP Paribas Launches Innovative Supply Chain Solutions Offering
Paris - BNP Paribas announces the launch of a new Supply Chain Solutions (SCS) offering for its corporate clients worldwide. Using innovative technology, this global platform presents both supply chain financing and cash management capabilities. It offers extensible solutions and is fully integrated with payments and reporting. Its multi-banking, multi-currency and multi-lingual capabilities are some of the unique features to be found in this new platform.
Designed in response to increased client demand, this state-of-the-art platform will notably provide greater flexibility for integration with clients’ third party systems, significantly reducing implementation time and costs. Additionally, the platform will provide highly customisable solutions and an efficient, swift flow of supply chain information to the clients.
Pierre Veyres, Worldwide Head of Global Transaction Banking, BNP Paribas said, “In creating this new offering, BNP Paribas’ three main focal points are: bringing added value solutions to our clients’ franchise, developing flow business and reinforcing our leadership positions. Hence we focus on providing open and converged product solutions as opposed to the traditional ‘silo’ systems offered by the banking industry. As a major step in this direction, our new robust Supply Chain Solutions platform enables customised financial solutions for the trade, supply chain and cash management needs of our clients.”
“This is a strategic investment made by BNP Paribas as part of our continuous commitment to provide innovative product lines, synergized with breakthrough technology, for the benefit of our clients. Corporate clients and financial institutions are confident in partnering with us because of our ability to react to market needs in a timely manner, in this case by expanding our Supply Chain Solutions capabilities,” added Chye Kin Wee, Regional Head of Global Trade Solutions, APAC, BNP Paribas.
BNP Paribas Corporate and Investment Banking
BNP Paribas Corporate and Investment Banking employs around 20,000 people in over 50 countries and services 14,000 corporate and institutional clients worldwide.
BNP Paribas CIB excels in:
Derivatives - where it is one of the leading global players in rates, credit, forex, commodity and equity derivatives.
Capital markets - where it is one of the top European houses in both ECM and DCM (bond, securitization, convertibles and equity issuance)
Structured finance - where it is amongst the leaders in acquisition, export, project, energy and commodity finance globally.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the strongest banks in the world*. The Group has a presence in more than 80 countries and more than 200,000 employees, including more than 160,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across the Europe-Mediterranean zone and boasts a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia.
* Rated AA by Standard & Poor’s i.e. 3rd rating level on a scale of 22.
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