Jul 9th, 2015

Going Upstream from Taulia, Tungsten and Ariba

On Trade Financing Matters, my colleague David Gustin recently shared how GT Nexus is targeting purchase order-based financing, which in many ways represents the next frontier of tech-enabled trade financing programs. David suggests that GT Nexus, the world’s largest cloud-based business network for global trade, with over $100 billion of goods managed on the platform, is now offering purchase order finance through their partner, Seabury TFX.

“Through their data, their funding provider, asset manager Seabury TFX can assess historical performance and risk levels to incorporate details such as on time payments, late shipments, cancel orders, and chargebacks in their underwriting model,” David suggests.

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