The Trade Finance Distribution Initiative (TFDi) is excited to announce Lloyds Bank as a partner for the 2024 Trade Finance Investor Day, highlighting the bank's innovative and proactive approach in the trade finance sector, particularly in embracing digital transformation.
Lloyds Bank, one of the UK's leading financial institutions, has demonstrated a commitment to innovation and efficiency, particularly within its trade finance team. Over the past 18 months, the bank has successfully completed multiple digital transactions, showcasing its agility and forward-thinking mindset. This proactive adoption of new technologies and the successful implementation of the Electronic Trade Documents Act (ETD Act) have positioned Lloyds Bank as the benchmark for the industry.
Today, Lloyds Bank is leading the charge with ITFA to expand use cases for Digital Negotiable Instruments (DNIs). It is focusing on transactions involving the handling of DNIs by two financial institutions (often referred to as four corner model transactions) to harness momentum from the ETD Act.
‘I am thrilled to welcome Lloyds Bank as sponsor of the 2024 Investor Day,' said André Casterman, CEO of the TFDi and Board Member at ITFA. ‘I am impressed with the start-up mindset demonstrated by the trade team at Lloyds Bank. The multiple digital transactions delivered by the team over the last 18 months, and the openness to apply new technologies have been elevating Lloyds Bank as a role model on the implementation of the ETD Act.'
Gwynne Master, Managing Director, Lending & Working Capital at Lloyds Bank said, ‘The time has finally arrived to expand, standardise, and promote distribution of trade as an asset class under the International Trade and Forfaiting Association's Trade Finance Distribution Initiative, and we are delighted to sponsor its Trade Finance Investor Day.'
The 2024 Trade Finance Investor Day promises to bring together industry leaders, innovators, and policymakers to discuss the future of trade finance. Lloyds Bank's sponsorship and participation in the event underscore the bank's commitment to supporting and leading innovation in the trade finance industry.
For more information about the Trade Finance Investor Day and to learn about partnership opportunities, please visit: https://www.tradefinancedistribution.com/partnerships
