Fintech platform seamlessly connects buyers and suppliers to the bank for working capital optimization

Bank of China London Branch, a UK leader in international trade financing for over 90 years, has entered an alliance with fintech technology solutions provider LiquidX for accounts receivable and supply chain finance. LiquidX is providing Bank of China London Branch with a state-of-the-art customized trade finance platform with integrated back-office program administration and built-in distribution capabilities. The partnership enables Bank of China London Branch to provide innovative working capital programs to clients looking to optimize working capital and strengthen supplier relationships.

“Today’s supply chains are under growing pressure and companies are eager for digital solutions that maximize working capital,” said Xun Liu, Head of Transaction Banking Department at Bank of China London Branch. “By choosing the LiquidX solution, which enables a seamless connection between buyers, suppliers, and the bank, we are continuing our long tradition of delivering next-generation services that provide measurable benefits to our clients.”

“We are honored to work with Bank of China London Branch to streamline and expand their AR discounting and supply chain financing programs,” said Jim Toffey, CEO of LiquidX. “As we continue to grow and expand globally, it is exciting to see our solutions being used by China’s most globalized bank and a leader in global trade finance.”

LiquidX fintech solutions, led by its pioneering InBlock technology platform, digitize and automate trade assets across their entire life cycle. LiquidX provides banks and corporates with the flexibility to transact across multiple financial structures directly or within a multi-bank network, all on a single platform that is fully integrated with insurance, risk management, and internal finance systems.