Bolero revives with new applications

After a bumpy start, the paperless-trade advocate is busy promoting two new products to get Asian traders on the road to automation.

Bolero's new online applications help to unlock the financial supply chain, says the entity's senior vice president of global operations, Claire Buchanan, who was in Asia last week.

Buchanan and other Bolero executives are spending more time in the region promoting new products which give exporters a unified view of their outstanding letters of credit.

Bolero launched with a flurry in 1999 with the support of several large trade finance banks. The group claimed they would revolutionize the way global trade is done by developing a comprehensive set of standards that would remove the barriers to cross-border business.

But take up of the...

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