SEB Selects Bolero for Multi-banking Solution
SEB and Bolero International have extended their agreement that will allow SEB to provide to its global customers a multi-bank automation solution to complement its existing service offerings. SEB has been working closely with Bolero since 2005 and with this agreement the partnership will be extended at both a strategic and tactical level. SEB and Bolero will provide multi-bank services to its customers globally. The Bolero multi-bank service automates the end-to-end lifecycle of the letter of credit and guarantee instruments for both importers and exporters, removing cost complexity, discrepancies and time delays associated with the traditional paper processes or partially electronic processes.