EASYTRADE: AN ALL-IN-ONE PLATFORM FOR EUROPEAN CORPORATE CLIENTS

In the context of an ever-changing world and the digitalisation of international trade, Societe Generale is launching Easytrade, a new platform dedicated to Trade Finance for its large corporate clients.
Placing the client’s need at the heart of its strategy, Societe Generale offers, through Easytrade, a unique entry point platform on which its clients will find and manage their letters of credits, standby letters of credit, international guarantees and trade finance exchanges in one place.

It will be based on Komgo’s widely adopted Konsole interface, distributed by Societe Generale and available on SG Markets, the Bank’s digital client portal for corporates.
Easytrade will replace all communications (such as ad hoc emails, letters of intentions, etc.) related to Trade Finance transactions between Societe Generale and its clients. Thus, it will streamline communications between corporates and the bank, as well as generate speed and efficiency in all trade finance operations with high security and reliability.
Societe Generale has been one of the founding shareholders of Komgo SA since its establishment in 2018. Komgo is the most widely adopted digital trade finance network in production.

“Digitalising Trade Finance has been an obsession for Societe Generale for many years.  We believe that corporates have a lot to gain from this trend. Easytrade is an opportunity for our Western European corporate clients to make their trade finance transactions simpler and more efficient.”

Marie-Laure Gastellu, Head of Trade Finance for Societe Generale’s Global Transaction & Payment Services

“As a founding shareholder of Komgo, Societe Generale is a cornerstone in our trusted digital Network.  It’s been our privilege to support the transformation of their trade portfolio for the past several years now, culminating in this deployment of their proprietary front-end, based on our widely adopted Konsole interface.  With this, we are taking an important step towards aggregating all trade finance channels through a single back-office connector”.

Souleïma Baddi, Chief Executive Officer, Komgo