With Commerzbank and Credit Suisse, Conpend expands its trade finance concentration

Conpend, a trade finance technology business, has hired two senior executives from Commerzbank and Credit Suisse to help it scale rapidly in response to the industry’s fast embrace of digital technology.

Arne Wolframm has been hired as a project manager to help the company scale its operations. He worked for Credit Suisse for over nine years, most recently as a business analyst, and also spent five years at Migros Bank in Switzerland.

René Klose joins Conpend as vice-president, focused on the company’s business growth strategy, following over 13 years at Commerzbank, most recently as head of product management. He also worked at the Frankfurt-based institution as a trade financing project manager.

Conpend says the appointments are intended to bolster its senior team’s banking credentials to keep up with growing demand for digital solutions in the trade finance sector.

In Klose’s case, while at Commerzbank, he was responsible for implementing Conpend’s Trade AI product – a tool for automating manual processes in documentary trade finance.

“We are experiencing strong growth as the trade industry increasingly seeks to harness technology to enhance existing processes,” says chief executive Torben Sauer. “Banks are becoming increasingly informed of the benefits that AI and other digital solutions can bring to their business.”

Klose says that with an increasing number of banks seeking to digitise documents and processes, the trade finance industry faces growing challenges around implementation. By bridging the gap between banking and technology, the trade finance industry is “enhancing its processing capabilities”, he says.

Wolfgramm is tasked with strengthening client relations and “supporting their trade finance digitisation journeys”, Conpend says.

News Summary:

  • With Commerzbank and Credit Suisse, Conpend expands its trade finance concentration
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