Trade Konnect launched: digital platform for import, export & outward remittance requests
Karnataka Bank launches "Trade Konnect".
- Platform Launched
- Trade Konnect
- Launch Mode
- virtual ceremony at the Head Office in Mangaluru
- Technology Partner
- M/s. Kyzer Software (India) Pvt. Ltd.
Trade Konnect: what was launched
Karnataka Bank announced the launch of Trade Konnect, a digital platform that enables customers to submit requests for import, export transactions and outward cross border remittances online, anytime, anywhere, eliminating the need for physical branch visits.
How it was launched
- The platform was formally launched by Shri Raghavendra S Bhat, Managing Director & CEO of Karnataka Bank.
- The launch was through a virtual ceremony held at the Bank's Head Office in Mangaluru.
What the management said
- Shri Raghavendra S Bhat, MD & CEO: implementing the digital platform for online submission of forex transaction and cross-border outward remittance requests is a significant step towards enhancing customer experience and accelerating the Bank's digital transformation. The platform is designed to support the evolving requirements of businesses engaged in international trade and individuals undertaking foreign remittances by providing a seamless, secure and efficient digital channel, with customer convenience and ease of doing transactions at the forefront of the digital approach.
- Smt. Biji S S, Executive Director: the Bank is focused on leveraging technology to make banking simpler, faster and more accessible to customers, and this digital platform provides a convenient way for customers to submit requests for key cross border trade and remittance transactions.
Who was present
The event was attended by Smt. Biji S S, Executive Director, Shri Chandrashekar, Chief Business Officer, Shri Raja B. S., Chief Operating Officer along with other senior executives of the Bank. Shri Jai Shah, Co-Founder & Director-Sales of the technology partner for the platform, M/s. Kyzer Software (India) Pvt. Ltd., was also present on the occasion.
How a retail reader can look at it
This is a business and customer-service update, not a financial result for a period. The platform covers trade-related and outward remittance requests — services used mainly by businesses engaged in international trade and by individuals sending money abroad.
For customers of the Bank who do such transactions, the stated change is that these requests can now be made online instead of through a branch visit. For readers tracking the Bank, the disclosure shows a service channel being added, with the technology partner named in the release.
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