Mitigram and Enigio Enter into a Strategic Partnership to Revolutionize International Trade Finance
Mitigram and Enigio have joined forces in an exciting partnership aimed at driving the digitalization of international trade finance. This collaboration is set to revolutionize the industry by offering a complete range of electronic commercial documents compliant with legislation accessible to all stakeholders. With the recent legal adoption of MLETR in the UK and other key jurisdictions, companies can now transition to fully digital, paperless trade flows, enabling faster and safer access to capital through seamless communication.
About Mitigram
Mitigram is a global leader in digital trade financing. Established in 2014, it has transformed the trade finance sector by offering real-time insights into risks, capacities, and pricing across over 100 markets. Mitigram’s innovative solutions have facilitated over $100 billion in financing flows, advancing the digitalization of trade finance processes and data. Backed by prominent Nordic institutional investors, Mitigram continues to drive the evolution of global trade finance.
About Enigio
Enigio is a technology company offering solutions to ensure consistency, integrity, traceability, and possession of digital information, making data available only to authorized parties while protecting it from manipulation. At the core of Enigio’s offerings is trace:original, a solution for freely transferable digital original documents, usable across various commercial documents required in international trade. trace:original offers banks, businesses, logistics providers, and others all the advantages of original paper documents but none of their shortcomings, without the need to join a specific ecosystem or closed platform.
“The collaboration with Enigio marks a significant milestone in our journey to digitize trade finance,” said Ted Scheiman, Chief Strategy Officer of Mitigram. “Enigio’s digital document technology, trace:original, aligns perfectly with our vision, establishing a new sustainable document standard for interoperability while offering excellent value to our clients and the trade finance industry.”
Amanda Evans, Chief Growth Officer at Enigio, expressed enthusiasm for the partnership, highlighting how their technology allows Mitigram’s clients to create freely transferable digital assets/documents. By integrating trace:original, Mitigram enhances its product offering, providing a seamless solution for businesses and banks to conduct end-to-end digital transactions with all involved parties.
Patrik Zekkar, CEO of Enigio, emphasized the synergy between Mitigram’s user-centric approach and Enigio’s trusted technological advancements, foreseeing a profound impact on the industry in this critical period of economic growth.
Navigating the Legal Landscape of Digitalization
This collaboration comes at a crucial moment, coinciding with the recent legal adoption of MLETR in the UK, with France and other nations poised to follow suit. This legal progression underscores the imperative of digital transformation in trade and underscores the commitment of the Mitigram-Enigio partnership to lead this transformation. By aligning with these legal advancements, Mitigram and Enigio are not only adapting to regulatory changes but also facilitating a smoother transition towards comprehensive digitalization within the industry.
Charting the Course Forward
The partnership between Mitigram and Enigio is dedicated to setting new standards in efficiency, security, and interoperability in international trade. Their commitment to widespread adoption and interoperability, as well as their collaboration with other ecosystem providers, signals a collective effort to modernize the industry. This alliance reflects the commitment of both entities to developing a digital trade finance ecosystem that is forward-looking and sustainable.
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Sources : https://www.tradefinanceglobal.com/posts/enigio-and-mitigram-partner-to-enhance-global-digital-trade/
https://www.mitigram.com/press-highlights/149-mitigram-partners-with-enigio-to-drive-digitalisation-of-global-trade-finance
https://enigio.com/post/mitigram-partners-with-enigio-to-drive-digitalisation-of-global-trade-finance/