Year 2014: Premium Technology partners with Blitz to bring Supply Chain Finance solutions to Vietnam

NEW YORK, April 23, 2015 (Antara/PRNewswire) -- Premium Technology (Premium), a leader in providing Supply Chain Finance solutions to global financial institutions and banks has targeted Vietnam as a high growth marketplace. Premium has partnered with Blitz IT Consultants to bring its Supply Chain Finance solutions, FinShare, to Vietnam. "We see tremendous potential in not just Vietnam but Southeast Asia for Supply Chain Financing business," said Chia Han Meng, CEO of Blitz IT Consultants. Their first client, the Vietnam Technological and Commercial Joint Stock Bank, more commonly known as Techcombank, has successfully implemented Supplier Finance (Reverse Factoring), Receivables Financing, Distributor Financing and Purchase Order. This facilitated Techcombank to be a leading bank to offer world class financing solutions to its top tier clients and become a pioneer in Supply Chain Finance. "This partnership will bring new opportunities for Premium Technology and Blitz IT Consultants to expand its product offerings in Southeast Asia," says Gerald Huang, Premium Technology's Senior Vice President.

About Premium Technology Inc.

Premium Technology is a New York based provider of Supply Chain Finance software solutions for the global banking community. Its web based FinShare platform offers modules for Supplier Finance (Reverse Factoring), Receivables Financing, Factoring, Purchase Order to Pay (PO2Pay), Asset Based Lending (ABL), Risk Participation, Bank Payment Obligation (BPO) and Document Preparation (DocPrep). This highly flexible, scalable, and configurable solution set enables banks to create products and offerings for clients based on evolving credit and client working capital needs. For more information, visit http://www.premiumIT.com.

About Blitz IT Consultants

Blitz is a well-established provider of financial technology in Vietnam. As a partner of the SWIFT wire transfer network in the country since 2005, Blitz has existing relationships with more than 50 Vietnamese banks and securities firms.

Contact:
Delia Mo
Premium Technology Inc.
P: +1-(212)-855-5511 Ext. 216
F: +1-(212)-658-9101
dmo@premiumit.com

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