As part of TradeSuite, Standard Bank’s TradeCloud provides a cloud-hosted business-to-business import trade management platform that benefits corporates and SMEs. TradeCloud has developed a cost aggregation platform that costs an entire shipment of goods across the value chain, including logistics rates, customs duties, finance rates, insurance costs and so on. The solution is accessed as an intelligent integrated webbased platform for importers.

Standard Bank is working with Trade Alliance, an alliance of 16 banks around the world, to ease the process of connecting buyers and sellers in the pre-execution phase of trade finance.

We are also working to digitise the financial supply chain; and to digitise documents chains, including proof of concept tests using blockchain to digitise bills of lading, and letters of credit issued on a blockchain.

Our My Imports service provides an end to end import management solution using a digitised, modularised platform. Importers of international goods face multiple challenges in the importation process, including managing supplier delivery, tracking goods around the world, ensuring availability of adequate facilities, having adequate forex cover, and costing and managing all the individual providers that support a single transaction, including banks, clearers and forwarders. My Imports provides a transparent, affordable one-stop-shop, and frees up our clients to focus on growing their businesses.