Huntington National Bank selects LiquidX for trade finance infrastructure
Ohio-based Huntington Bank has partnered with fintech firm LiquidX for an automated, end-to-end back office solution to scale the bank’s trade finance infrastructure.
Huntington Bank signs LiquidX
Huntington Bank says it selected LiquidX as it was the “most efficient and effective” partner to help expand its trade offering. With the partnership, the bank aims to streamline its supply chain finance operations and payment reconciliation processes.
Andy Arduini, senior managing director of Huntington global advisory and working capital finance, says the collaboration “will enable us to better serve our customers at all points along the supply chain continuum”.
Founded in 2016 and based in New York, LiquidX is a global fintech provider for origination, distribution and the digital optimisation of trade finance, insurance assets and working capital.
Its back-office solution leverages digitisation to standardise reporting and assurance with all data consolidated into one central platform. The solution also handles reconciliation through InMatch, which uses artificial intelligence and machine learning, as well as offering business intelligence tools.
Founded in 1866, Huntington Bank is part of Huntington Bancshares Inc., a $179 billion asset regional bank holding company headquartered in Columbus, Ohio. It provides banking, payments, wealth management and risk management products to consumers and businesses.
