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Trade finance has
always been one of the more complex banking business
to be automated, owing intricacies in international
trade practices. The multiple processing stage;
manual checks and invitation; and lengthy transaction
cycle make it very document-intensive. While banks
find it a challenge to automate such a complex
function, competitive pressure make such automation
an absolute necessity.
Trade function is
also a business in transition owing to industry
consolidation. Further, corporate customers are
increasingly demanding innovative solutions, better
service and easy access to the bank’s service.
Leading banks are
responding by simultaneously enhancing operational
efficiency and customer service. Advances in technology,
including the percolation of internet usage, are
transforming the way trade services are run and
delivered.
The dated and disparate
solutions used by banks are finding it difficult
to measure up to the business demands. They are
not only expensive to maintain but also pose serious
integration issues. Banks therefore need to invest
in a technology that drives efficiencies in trade
operation and coexists with legacy systems, and
is yet flexible enough to keep pace with changing
customer demands.
Our Trade
Finance offerings
Our trade finance
platform is a web-based, workflow-driven solution
for processing a wide range of trade finance instrument
including Letters of Credit, Bills and Collections,
guarantees and trade Loans. The system is highly
flexible and user-friendly. It enables centralised
operations and faster processing of customer applications
and documents. Intellect trade helps banks to
quickly introduce new product variants and has
advanced reporting capabilities.
Our trade finance
platform is an integrated solution that automate
the complete lifecycle of trade finance transactions
in real-time it can be easily integrated with
third party solutions. The solution is fully integrated
with a configurable workflow management system
that provides banks the flexible to map client
business processes. it has animaging system for
electronic document transfer, archival and retrieval.
The platform also has a tightly coupled Internet
front-end.
Advantage
of our Trade Finance Product
Flexibility
Our trade finance platform is highly parameterized
and flexible system that allows processing rules,
screens, forms and reports to be amended based
on changing customer requirements. This enables
shorter time-to-market for launching new banking
products.
Built using J2EE
technology, the systems easily integrate with
third party systems and thus extend the useful
life of the bank’s technology investments.
Ease of
use
The solution comes with a consistent and intuitive
user interface across all products, resulting
in reduced staff-training requirements and faster
user-adaptability. All trade services are available
in a single integrated environment, with ease
of navigation between various products.
Efficient
Risk Management
The trade finance platform provides booking and
tracking of customer limits using proprietary
or external credit risk management systems. It
allows defining flexible limit structures at the
customer and group level, besides defining correspondent
bank limits in line with the bank’s risk
management policies. The solution supports the
management of associated risks for a variety of
trade lending activities including Packing credits
and Bill financing.
Enhanced
Customer Service
Our Trade Finance Platform offers several
customer-friendly features. These include customer
specific pricing policies and correspondence formats,
multi-lingual templates, customized workflow and
transaction prioritizing and special instructions
to customize trade services for high-end customers.
It allows banks to centralize the core trade processing
functions, while extending local customer service
at all the branches.
Recognised
the world over
Our Trade Finance Platform has evolved
from our experience in developing solution for
Citibank, the bank recognised as the leader in
providing innovative corporate solutions using
state of the art technology. |
