New Digital platform promises to accelerate international trade

  • ECO News
  • 1 October 2019

Trade Club Alliance is the new Digital plataform and has a "database of 600,000 companies and more than 25,000 market studies".

This Tuesday, Santander, with the help of 13 other international banks, launches the Trade Club Alliance, an innovative platform for international trade, which according to the bank will “simplify and improve the access of companies to foreign markets”.

This new platform includes a “database of 600,000 companies, more than 25,000 market studies and information on more than 180 countries” that will facilitate future economic partnerships. In addition, by 2022, the digital platform is expected to reach more than one million companies.

Through a statement, the bank explains that within the platform “each company has a business card, a description of the business sector where it operates and the business profile it seeks, which facilitates the search and connection between the various companies. They can also consult information about potential markets, flows and trends. The control of dispatches and information on customs duties are other contents available.

It should be noted that the Trade Club Alliance is constituted by 14 companies that represent about “65% of world trade”, and this will help several companies with difficulties entering certain markets and find reliable partners.

In short, the following institutions are also part of this global network: Abu Dhabi Commercial Bank (ADCB), Attijariwafa Bank, BPM Bank, CIMB, Crédit Agricole, Eurobank, Industrial Bank of Korea, KBC Group, MUFG Bank, Nordea, Royal Bank of Canada (RBC), Siam Commercial Bank and Standard Bank.