Standard Chartered Bank and the Descartes Systems Group Inc., a Nasdaq listed provider of logistics solutions have announced an alliance to deliver B2BeX, an online trade, finance and logistics platform.

According to Descartes, the partnership will allow around 6,000 of Standard Chartered's business customers and their trading partners across the world, access via the Internet to a range of logistics and trade finance services that includes letters of credit (L/Cs).

Visibility

The suite of trade-related products and services provided through B2BeX aims to make the sourcing, financing and logistics activities in international and domestic trades easier.

As well as L/Cs, the system allows users to manage settlements online and will apparently make the processes involved in international trades, right the way through to final shipments, more visible to the parties involved according to a statement issued by Descartes.

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