Helaba opts for TLM Trade Finance

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02 February 2010

Germany’s Helaba Group has selected TLM Trade Finance to automate its letters of credit and guarantees business.

German financial services firm Helaba Group has selected SmartStream Technologies’ TLM Trade Finance to automate its letters of credit and guarantees business processes.

Frankfurt-based Helaba is one of Germany’s leading Landesbanks, with total assets of Eu185 billion and serving approximately five million customers. The bank operates as a centralised organisation, supplying a range of products and services to savings and commercial banks across the Hesse and Thuringia regions.

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