SINGAPORE - Media OutReach - 2^nd December 2019 - Global eTrade Services (GeTS), a global trade platform company, today announced the launch of CALISTA^TM Finance, a suite of comprehensive financial services including global payments, quick financing, and cargo insurance specifically catered for customers of CALISTA^TM.

CALISTA^TM is an interoperable, neutral, and trusted supply chain platform that enables the orchestration of logistics, compliance, and financial activities.

In partnership with 12 leading payments, trade financiers, and insurance providers, CALISTA^TM Finance helps customers fulfill their trade financing needs seamlessly, securely, and smartly while making customer onboarding process faster with Know Your Customer (KYC) done within a day as opposed to two weeks traditionally.

Customers can conduct cross-border payments with 22 currencies and for any transaction amount and get access to more than five trade financing products with approval within 72 hours from the network of domestic bank, non-banks and peer-to-peer financiers. In addition, customers can easily access over 40 types of insurance products and advisory services based on their unique needs. Some of the partners onboarded onto CALISTA^TM FINANCE include DBS, ICBC, Capital Match, MoolahGo, Liquid Group, Finaxar, Rapyd, Thunes, KIB, Navigator International, AWG Insurance Brokers, and Havenport Investment.

Mr. Eugene Wong, Chairman of CrimsonLogic and GeTS, said: "As supply chains grow in complexity, presenting challenges around access to liquidity providers and capital, the need for greater integration between financing platforms, and corporates is growing in importance. CALISTA^TM Finance is set to revolutionise the way physical trade is financed and insured through a one-stop solution that presents best suited financing options -- both traditional and non-traditional -- for each specific trade."

Mr. Chong Kok Keong CEO of GeTS said: "In our quest to make trade more accessible, easier and predictable, we've continued to build on CALISTA^TM's proposition. In today's shifty trade landscape, it is critical for businesses to not only be trading at peak efficiency and accuracy, but to also minimize any risk to their trade. With the launch of CALISTA^TM Finance, we are delivering a comprehensive suite of digital tools to help businesses trade with ease, managing across physical logistics, compliance and financial requirements of trade and supply chain."

Ms. Joyce Tee, Group Head of SME Banking, DBS Bank, commented: "By enhancing the platform and adding on more payment and financing options, CALISTA^TM Finance has great potential to support SMEs in their business ambitions. We look forward to co-creating more innovative solutions for Calista's users across the world."

About Global eTrade Services

Global eTradeServices (GeTS), a global leading trade platform company, is shaping the futureof trade and supply chain with its innovative use of technology and deep G2Band B2B domain expertise. GeTS enables the orchestration of physicallogistics, compliance and financial requirements of trade and supply chainseamlessly, smartly and securely, thus powering global trade by making itaccessible, predictable and easier to fulfil. The company has linkages to 29 Customsnodes across the world, with more than 175,000 connected parties andconducting more than 22 million transactions annually.