Date: 01/09/2026 - London
Komgo and bp are proud to mark the five-year anniversary in their strategic partnership to digitalize and scale global trade finance operations at the energy company.Komgo and bp have collaborated since 2021, helping to modernise bp’s global trading finance operations. What began as a mission to consolidate fragmented processes has evolved into a deep technical partnership that continues to set new benchmarks for efficiency, controls and connectivity for the industry.
From Consolidation to Connectivity
Central to this journey was the successful global implementation of Konsole, Komgo’s flagship multibank channel. By streamlining and digitalizing the end-to-end management of Letters of Credit (LCs), Standby LCs, and Bank Guarantees, bp is securely connected to more than 40 global banking partners, providing real-time visibility on trade finance transactions across its global trading hubs all within the platform.
Going beyond standard trade instruments, Komgo’s market solution helps when engaging with partner banks for risk sharing, improving operational agility in volatile market conditions.
Co-Innovation: Credit Line Management
A hallmark of this five-year journey has been the joint development of the Credit Line Management feature within Konsole. Working closely with the bp team, Komgo designed this tool to provide real-time visibility and control over bank limits—a critical requirement for large-scale global energy traders.
"By aligning our expertise and ambition with Komgo to modernise trade finance, we have helped shape a capability that is now delivering value across the industry " said Kelly Stanley, Head of Trade Finance, ST&S at bp. “This partnership is a perfect example of how we are leveraging technology to transform our business."
"Our five-year journey with bp is a testament to the power of co-innovation," says Souleïma Baddi, CEO of Komgo. "bp didn’t just adopt our technology; they helped shape it. Together, we’ve built tools that solve real-world problems for the entire trade finance ecosystem."
For more information visit: bp.com
