LiquidX technology continues to provide comprehensive back-office support for end-to-end automation and efficiency with award-winning technology solutions and exponential growth.
New York, NY – October 18, 2022 – LiquidX, the leading global fintech platform for digitization, monetization, and risk mitigation for trade finance, announces a more than 130% increase in trade volume in the first three quarters of 2022, compared to the first three quarters of 2021.
The growth comes after strategic investments and expansions in its technology, which most recently includes the launch of a suite of patent-pending solutions designed to automate end-to-end back office solutions for banks.
“Our record growth highlights the strong momentum we have headed into the end of the year,” said Jim Toffey, CEO of LiquidX. “Our patent-pending technology has enabled us to launch innovative new solutions and work with regional banks to provide the tools they need to translate strong client relationships into trade finance assets.”
The newest solution offering helps banks standardize how information is received, eliminating time-consuming and taxing manual processes such as spreadsheets and macros with a goal to improve back-office efficiency by at least 50%.
This news follows a strategic investment by Citi announced in June 2022, a partnership with US Bank and a recognition as the “Most Innovative Technology Vendor of the Year”. Additionally, Broadridge Financial Solutions expanded its investment in LiquidX in 2020, becoming the largest investor in digitizing trade finance and working capital management.
“This impressive achievement builds on the quickly expanding growth for LiquidX,” said Dominic Capolongo, Chief Revenue Officer. “The increase in trade volume is a testament to the great strides we’ve made on the commercial side expanding market awareness of LQX and our cutting edge solution. Our solutions speak for themselves in differentiating ourselves in the market and demonstrating that LiquidX is providing best-in-class technology to our partners.”
LiquidX is a leading global technology company that enables finance professionals to transact faster, smarter, and cheaper by digitizing and automating their trade finance and working capital management. Our flagship solutions incorporate blockchain technology and machine learning analytics to greatly enhance transparency, reporting, and forecasting for financial professionals.
Headquartered in New York with offices in Boston, London, and Singapore, LiquidX delivers the industry-leading ecosystem for working capital optimization to its diverse network of global participants including corporations, banks, institutional investors, and insurance providers. Our partnerships with the likes of Broadridge, U.S. Bank, and Citi bring a broad spectrum of clients access to the turnkey front-to-back solution that streamlines transactions between suppliers, buyers, and their banks.
To learn more about our next generation solutions please visit liquidx.com.