LiquidX, the leading global fintech platform for digitization, monetization, and risk mitigation for trade finance, announces its new business process outsourcing (BPO) service, InBlock TradeOps, in partnership with Broadridge Financial Solutions (NYSE:BR).

This new service delivers a turnkey middle and back-office operations solution in trade finance combining the most advanced technology of LiquidX and the world class outsourcing capabilities of Broadridge.

“InBlock TradeOps is the first complete solution to focus on lending and investing in this multi-trillion dollar credit asset class, eliminating all the operational challenges,” said Jim Toffey, CEO of LiquidX. “We are proud of TradeOps’s flexible pricing and servicing model that scales with the investor’s investments, allowing them to operate smarter, faster and cheaper with better investment returns.”

InBlock TradeOps leverages the advanced digitization tools of InBlock to automate large portions of the workflow. This empowers trade finance investors, such as banks and asset managers, to save significant costs while having access to better real-time information to make smarter investment, risk and compliance decisions.

“After our joint, in-depth study of the trade finance industry, we believe InBlock TradeOps can save the industry significantly in operational expenses over the next decade,” said Matt Connor, COO of Broadridge’s Global Technology and Operations business. “We believe that InBlock TradeOps can save many organizations 30-50% on their operations expenses.”

“The market has traditionally only focused on addressing corporate client pain points, and we are thrilled to offer a solution that solves challenges that the legacy technology has created for asset managers and regional banks,” said Dominic Capolongo, CRO of LiquidX. “The customers that have been using this solution in beta for over a year now have enjoyed the benefits of InBlock TradeOps. Rolling out our BPO service to a larger client base is an exciting new venture for both LiquidX and our strategic clients.”