RBS launches MaxTrad Express
The Royal Bank of Scotland (RBS) has launched MaxTrad Express and announced the expanded availability of MaxTrad. The two web-based trade and supply chain finance solutions extend RBS’s portfolio of trade and supply chain offerings across key markets in Europe, the Middle East and Africa (EMEA). MaxTrad Express, a new online product designed specifically to meet the needs of small and medium-sized companies conducting low volumes of trade transactions, is available initially to RBS holdings in Romania and UAE. A progressive rollout will continue worldwide over several months. MaxTrad Express reduces the complexity of conducting trade and gives businesses an accurate, real-time view of their trade transaction portfolios on demand. This visibility allows greater risk and audit control, better understanding of overall cash positions, and improved forecasting. MaxTrad Express frees clients from paper-driven processes that can be fraught with errors, inaccuracies and time delays. Also MaxTrad global trade platform, attained through RBS Group’s acquisition of ABN AMRO, is available to RBS’s client base across the UK, US and Ireland, including Citizens Bank and Ulster Bank.