COURBEVOIE, France - Monday, 30. March 2026
(BUSINESS WIRE) --
Bureau Veritas, a global leader in Testing, Inspection, and
Certification services (TIC), through its Swiss branch Government
Services Division, is pleased to announce a strategic agreement with
Trade Technologies, the leading provider of trade finance automation,
connectivity and transaction management services. This collaboration is a
significant step toward reducing the complexities of international
trade operations, particularly in regions where regulatory and
inspection controls remain stringent.
Addressing Critical Trade Finance Challenges
The
agreement comes at a pivotal time for global trade. Letters of Credit
(LCs) continue to serve as essential instruments in international
commerce, particularly across the Middle East and Africa, where
counterparty risk, foreign exchange controls, sanctions exposure, and
regulatory oversight face ongoing challenges.
In many LC
transactions, conformity-assessment documents -such as Certificates of
Inspection, Certificates of Conformity, or Inspection Reports- are
required as part of the documentation package. These documents must be
issued prior to export and be verified to ensure LC compliance, which
often creates delays and adds operational complexity. The collaboration
between Bureau Veritas and Trade Technologies streamlines this process
by linking inspection and conformity assessments directly to the
trade-finance workflow, enabling faster validation and delivery of the
required certificates.
Market Outlook and Growth Potential
The
documentary trade sector is forecasted to grow at a 3.1% CAGR through
2029, while receivables finance is projected to expand at 4.2% CAGR
during the same period. Documentary trade is expected to remain a core
component of the trade finance market well into the 2050s, underscoring
the enduring relevance of this collaboration. Current high levels of
counterparty and geopolitical uncertainty underscore the value of
documentary trade to manage risk in cross-border transactions.
Tangible Benefits for Trade Stakeholders
The collaboration between Trade Technologies and Bureau Veritas promises to deliver meaningful improvements:
Enhanced Border Efficiency: More streamlined border processes have
already contributed to trade cost reductions of up to 5% over the past
decade, with ambitious reforms potentially delivering up to 12
percentage points in additional savings.
Reduced Uncertainty:
By combining Trade Technologies' digital trade expertise with Bureau
Veritas' deep international trade experience, this collaboration is
expected to help exporters, importers, and traders reduce uncertainty
and improve visibility.
Compliance Assurance: The
collaboration ensures that applicable standards and/or contractual
obligations are met before goods move across borders, strengthening
compliance with inspection and conformity requirements.
A Practical Alignment
This
strategic collaboration reflects a practical alignment between Trade
Technologies, industry-leading digital trade processes and Bureau
Veritas’ global network of testing, conformity and inspection experts,
enabling better coordination of financial, documentary, and regulatory
workflows across global trade corridors.
“Our Certificates of
Conformity and Inspection have long served as essential gatekeepers in
global supply chains, confirming that goods meet applicable standards
before they cross borders”, said Stéphanie Peyrot, Government Services
Director for Central Southeast Europe. “Through this collaboration with
Trade Technologies, we're now able to integrate these critical documents
directly into the trade finance workflow. This means faster processing,
greater transparency, and reduced risk for all parties, from exporters
and importers to banks and customs authorities. It's about making
compliance work for trade, not against it.”
“Bureau Veritas is an
important player for vital documents and data to provide certainty of
prompt payment under trade finance instruments”, said Kirk Lundburg, CEO
of Trade Technologies. “This collaboration simplifies our communication
with Bureau Veritas and reduces the time for delivering key data and
documents necessary to get our customers paid for their export
transactions. We are delighted to partner with Bureau Veritas to reduce
risk and complexity for our shared customers.”
***
About Bureau Veritas:
Bureau
Veritas is a world leader in inspection, certification, and laboratory
testing services with a powerful purpose: to shape a world of trust by
ensuring responsible progress. With a vision to be the preferred partner
for customers’ excellence and sustainability, the company innovates to
help them navigate change.
Created in 1828, Bureau Veritas’
82,000 employees deliver services in 140 countries. The company’s
technical experts support customers to address challenges in quality,
health and safety, environmental protection, and sustainability.
Bureau
Veritas is listed on Euronext Paris and belongs to the CAC 40, CAC 40
ESG, SBF 120 indices and is part of the CAC SBT 1.5° index. Compartment
A, ISIN code FR 0006174348, stock symbol: BVI.
For more information, visit http://www.bureauveritas.com, and follow us on LinkedIn.
Our information is certified with blockchain technology.
Check that this press release is genuine at www.wiztrust.com.
About Trade Technologies:
Trade
Technologies is the leading provider of trade finance automation,
connectivity, and transaction management services. Established in 1999,
the Company has processed almost USD 195 billion in successful trade
transactions for thousands of Exporters. Trade Technologies' innovative
solutions, including TradeSharp™ and TradeBridge API, automate and
digitize the creation, management, and delivery of documents and data
between Corporates, Banks and Buyers. With a global presence in 16
offices across Asia, EMEA and North America, the Company offers a unique
blend of technology and expert trade services that optimize transaction
processing, enhance cash flow, and provide end-to-end visibility.
Clients benefit from faster, more reliable payments and reduced costs.
www.tradetechnologies.com
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Contacts
ANALYST/INVESTOR CONTACTS
Laurent Brunelle
+33 (0)1 55 24 76 09
laurent.brunelle@bureauveritas.com
Colin Verbrugghe
+33 (0)1 55 24 77 80
colin.verbrugghe@bureauveritas.com
Romain Gorge
romain.gorge@bureauveritas.com
Inès Lagoutte
ines.lagoutte@bureauveritas.com
MEDIA CONTACTS
Karine Havas
+33 (0)6 68 63 83 18
karine.havas@bureauveritas.com
Frédéric Vallois
+33 (0)6 21 66 31 04
frederic.vallois@bureauveritas.com
Claudia Strasserra
+39 340 3817265
claudia.strasserra@bureauveritas.com
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