Marco Polo Network Revenue and Competitors

The Marco Polo Network is one of the fastest growing trade and working capital finance networks. It is a joint undertaking with technology firm TradeIX, working with enterprise software firm R3, the world's leading financial institutions, and their corporate clients. The Marco Polo Network also includes constituents of the wider trade ecosystem such as Enterprise Resource Planning (ERP) providers and logistic companies. Launched in 2017, the Marco Polo Network is facilitating trade and working capital finance solutions between banks and their corporate clients creating better customer experience and seamless data integration, while reducing costs, time and risk. It is powered by open Application Programming Interfaces (APIs) and Corda blockchain technology. The TradeIX Platform is integrated with the Marco Polo Network. The Marco Polo Network provides mutual benefits for financial institutions and their corporate clients and elevates the delivery and management of trade and working capital finance solutions. Marco Polo's approach is unique — by working with leading financial institutions and harnessing collective expertise, together we have developed a trade and working capital finance network through a collaborative co-creation model of the members. Numerous financial institutions are members of the Marco Polo Network. These include leading commercial banks such as BNP Paribas, Commerzbank, ING Standard Chartered Bank, SMBC, DNB, OP Financial Group, Bangkok Bank, Natwest and Natixis. The International Trade and Forfaiting Association (ITFA) encompassing over 170 members is also part of the Marco Polo Network acting as an observer. The principal focus of the Marco Polo Network is adding new bank members and their corporate clients creating better bank and customer experience and seamless data integration, whilst reducing costs, time and risk.