Press release

Commerzbank Partners with GTC to Further Digitize and Automate its Trade Finance Business

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Commerzbank has entered into a strategic partnership with GlobalTrade
Corporation (GTC), a leading Canadian application services provider of
innovative multi-bank trade finance solutions. The bank plans to utilise
GTC’s @GlobalTrade™ platform to strengthen its digital trade finance
product range.

As one of Europe’s leading trade finance banks, Commerzbank holds the
digitalisation and automation of processes as key priorities. This
partnership leverages Commerzbank’s unique network footprint and GTC’s
multi-bank technology, coupled with SWIFT connectivity, to meet the
trade finance needs of corporate clients across the globe more
efficiently and effectively.

“We are very pleased to have found a strategic and reliable business
partner in the trade finance business in GTC. Together we will provide
digital, multi-bank trade finance solutions to our clients as well as an
expanded range of trade products,” said Klaus Josef Müller, Head of
Trade Finance and Cash Management Product Management at Commerzbank.

“We are excited to work with Commerzbank to deliver meaningful solutions
to their corporate clients,” said Nick Pachnev, GTC’s Chief Technology
Officer. Combining our technology with Commerzbank’s leading
capabilities in trade services will offer a powerful solution that will
benefit corporates engaged in export and import of products and

About GTC
GlobalTrade Corporation (GTC) is a software
developer and application service provider whose product solutions
improve the world of trade finance and trade services. The @GlobalTrade
systems help buyers, sellers, traders, and financial institutions
communicate faster and more efficiently while reducing risk and
improving monitoring and control. Their customers include both business
enterprises that need consolidated access to multiple banks as well as
financial institutions that require supply chain finance solutions to
meet their clients’ needs. @GlobalTrade™ is a registered trademark of
GlobalTrade Corporation. For more information please visit: