We are thrilled to announce that Business West's International Trade team won Best Industry Champion at the International Chambers of Commerce and Centre for Digital Trade and Innovation Trade Awards 2024 last night. This recognition places us among the digital innovators in international trade, alongside industry giants such as HSBC, Lloyds Bank, and Standard Chartered.
Our journey to this achievement began with our nomination for our proactive adoption and implementation of digital technologies in trade processes. Our dedicated team of 21 trade specialists, led by Catherine Stephens, Head of International Trade Services, and supported by the strategic direction of James Monk, Commercial Director, has consistently pushed the boundaries of innovation in trade facilitation.
Under their guidance, Business West has accomplished significant milestones, including the processing of Europe's first Blockchain-based Certificate of Origin and pioneering the world's first complete journey of a Digital ATA Carnet. These initiatives not only set new benchmarks in digital trade but also underscore our commitment to enhancing the accuracy, speed, and security of trade documentation and transactions.
From left to right: James Monk, Commercial Director and Catherine Stephens, Head of International Trade Services, holding the Best Industry Champion award at the ICC C4DTI awards last night
Our upcoming launch of Genesis in July, a digital verification system for Preference and Rules of Origin, further demonstrates our commitment. This technology reduces the risks associated with human error and fraud, paving the way for a more transparent and reliable global trade ecosystem.
Catherine Stephens said: “I am immensely proud of our team's efforts in digital trade. Winning against such industry heavyweights, like HSBC and Lloyds Bank, is a testament to our dedication to innovation and excellence in digital trade. By leading in adopting cutting-edge technologies, we are committed to working towards a more efficient and secure global trade system for everyone.”
James Monk added: “As we celebrate this award, we reaffirm our dedication to fostering a vibrant and interconnected global trade environment. We are immensely proud of our team’s hard work and innovation, and we are excited about the future possibilities as we continue to lead in digital trade advancements."
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