Stockholm, Sweden, 12th December 2023 – Enigio AB today announced that its solution for digital original documents – trace:original is available on Temenos Exchange, the partner ecosystem of integrated technology solutions, which means that banks and corporates can now go fully paperless with all their trade documents.
trace:original enables end-to-end digitalisation of all global trade documents and data, making trade faster, cheaper, safer and more sustainable. The solution is designed to comply with current legislation and is fully aligned with UNCITRAL’s Model Law on Electronic Transferable Records (MLETR).
Temenos customers can create and manage trace:original documents in Temenos Transact application without needing to onboard another application, giving an enhanced and seamless customer experience and propelling digitalisation into the future. Examples of use cases include bank guarantees, promissory notes, bills of exchange, bills of lading, warehouse receipts etc.
Temenos Exchange brings innovation to market faster, and at scale. The ecosystem offers pre-integrated and approved fintech solutions that can be easily deployed on top of Temenos open platform for composable banking, enabling banks to accelerate the creation of new financial services, while reducing the costs of development.
Martin Bailey, Director of Innovation and Ecosystems, Temenos, says: “Temenos Exchange acts as an accelerator for fintechs and software developers, helping them develop, validate and monetize new banking solutions. The integration with Temenos and joining Temenos Exchange means Enigio’s trace:original solution can be readily available to the thousands of banks globally that run on our platform.”
“With this possibility to create and manage electronic trade instruments, Temenos customers will have robust, unconditional, and independent digital assets that improve working capital and earnings, deliver financing flexibility, and provide better access to liquidity for SMEs and corporates. Additionally, the use of structured data enables straight-through-processing for all parties, delivering transformative benefits for any business and solving the paper paradox once and for all,” explains Patrik Zekkar, Enigio’s CEO. “Enigio’s trace:original availability on Temenos Exchange further extends our commitment to the banking community and enables Temenos customers to easily reap the benefits of trace:original. We look forward to leveraging the power of the Temenos platform to help us achieve our business goals.”
About Enigio AB
Enigio is a tech company offering solutions to ensure consistency, integrity, traceability, and possession of digital information making data available only to those who should have access to it while protecting it from manipulation. Freely transferable electronic original documents are at the core of what Enigio does and the trace:original solution can be used for multiple types of commercial documents required in global trade. The solution has also been recognised by the World Economic Forum and in June Enigio was awarded as 2023 Technology Pioneer
For more information visit www.enigio.com
Enigio media contact:
Katrin Lindholm
Marketing & Communications Advisor
Tel +46 70 528 58 15
Email: katrin.lindholm@enigio.com