Deutsche Bank launches trade finance tracking platform

The bank expects more than 50% of its clients to be converted to the InfoTrack system by the end of March.

Deutsche Bank's trade finance heads gathered in Hong Kong last week to launch InfoTrack, a system that allows importers and exporters to track information on their trade activities.

The system has been on trial in Singapore since November last year and is now being rolled out to the general client base. The trial involved at least two of the bank's multinational clients in the chemical and retail sectors companies which process more than a couple of hundred trade transactions per month.

InfoTrack will track the activities of both buyers and sellers and those using letters of credit or trading on open account, giving them information on LC presentment and...

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