The strategic move comes at a time when the global trade landscape is experiencing transformative changes, driven by the convergence of technology and finance. By integrating trade finance services directly into the logistics chain, OOCL and Stenn are taking a giant leap towards streamlining and modernizing trade operations.
Key highlights of this pioneering partnership include:
OOCL and Stenn aim to provide an end-to-end solution, from the moment goods are shipped to their final destination. This seamless integration is set to reduce friction, paperwork, and delays in trade transactions.
Digitalization of Trade Finance:
Leveraging Stenn’s fintech expertise, the partnership will enable the digitization of trade finance processes, making them faster, more efficient, and accessible to a wider range of businesses.
By merging logistics data with financial information, the collaboration promises to offer unprecedented transparency throughout the trade cycle, reducing the risk of fraud and disputes.
Access to Capital:
Small and medium-sized enterprises (SMEs) often face challenges in accessing trade finance. OOCL and Stenn’s partnership seeks to address this by providing accessible and flexible financial solutions to SMEs involved in global trade.
With OOCL’s extensive global network and Stenn’s fintech prowess, the partnership aims to serve businesses engaged in international trade on a global scale, facilitating cross-border commerce.