Payment news, December 14

Weihai City Commercial Bank chooses SmartStream for trade finance, while Fis offers a new finance account service.

Weihai City Commercial Bank implements solution from SmartStream

Weihai City Commercial Bank has implemented SmartStream Technologies’ TLM Trade Finance solution to aid the management of international letters of credit and to guarantee business processes. The new trade finance system is part of the bank’s growth strategy to expand its client services to include international settlement business. The solution was implemented by Brilliance.

We're delighted with this project delivered by Brilliance, which has enabled us to build a significant new line of business from scratch in a short period of time,” said Qin Haodong, head of international operations at Weihai City Commercial Bank, in a statement. “With TLM Trade Finance we have...

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