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TRADE FINANCE SOLUTION

Smart Business Accelerator For Trade Finance

Datamatics’ Trade Finance Solution is a digital business accelerator, which can be hosted on-cloud as well as on-premises. It automates the entire trade lifecycle and seamlessly integrates with the client’s core trade finance and banking systems. The solution caters to all kinds of transactions in the Trade Finance domain, namely Letter of Credit (Import & Export), Guarantees (Inward & Outward), Loans, Collections (Import & Export), Shipping Guarantee & Reimbursement.

Our Trade Finance solution is powered by IBM Cloud Pak for Business Automation (CP4BA) and engages cutting-edge digital technologies, such as Intelligent Data Capture (IDP), Artificial Intelligence / Machine Learning (AI/ML), Robotic Process Automation (RPA), and Automated Decision Management Workflow. The solution thereby provides a fully automated, paperless, and electronically driven workflow environment.

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Trade Finance Solution Overview

Trade Finance Solution Advantages

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33%

Reduction in processing time

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40%

Increase in data entry speed

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65%

Reduction in missing documents

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65%

Reduction in to-and-fro interactions between branch and head office

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100%

Accuracy with no manual intervention

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80%

Quality improvement

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25%

Reduction in rejections with dedupe checks

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100%

Compliance through solution audits

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20 mins

Straight Through Processing (STP)

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Anytime Access

On-cloud or on-premise deployment as per business requirement

Trade Finance Solution Features

Smart Inbox

Smart load-balancing, priority-based task sorting and quick-view of potential defaulters

AI/ML enabled task sorting based on priority, amount, and type of transaction

Quick view of transactions that are about to breach policy

Cognitive Controls

AI/ML enabled real-time transaction screening

Real-time screening, secure processing, and anti-money laundering (AML) monitoring

Integration with systems such as FIRCO, SafeWatch, etc.

Automated Diagnostics

Global and branch level performance tracking for identifying bottlenecks

Seamless Collaboration

Electronic status updates to customers, partners, banks, agencies and internal departments

Headless system integrations

Cognitive Capture

AI/ML-enabled document classification and data capture

Document Consistency Checker

Robust automated document scrutiny and decision management with in-built international trade finance rules, such as UCP600, ISBP745, and document consistency checks

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Pre-built Adapters

Seamless integration with core banking/trade systems, AML applications, treasury systems, corporate trade portals, etc., ensuring faster roll-out

Automated Tracking

Vessels, shipment, and airway bills using RPA integrations that eliminate repeated logging into multiple third-party systems, both legacy and contemporary, for data retrieval

Trade Finance Solution Offerings

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Smart UI

  • Smart inbox with auto indicators
  • Promotes VIP tasks
  • Notifies SLA breach
  • Detects inactivity
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Automated Decisions

  • Auto Compliance
  • Auto Field Validations
  • Auto Document Classification
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Multiple Transaction Initiation Modes

  • Form based
  • Email
  • Mobile
  • External Triggers
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Workflows In All Major Trade Products

  • Letter of Credit
  • Collections
  • Shipping Guarantee
  • Guarantees
  • Loans
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Banking System Integration

  • Core trade finance solution
  • Core banking solution
  • SWIFT
  • OFAC
  • Hunter
  • FIRCO
  • World Check
  • SafeWatch
  • Bank’s black list
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Covers All Roles At Branch & Back Office

  • Branch office (Maker/ Checker)
  • Scan operator
  • Approvers (Maker/ Checker)
  • Document Examiner (Maker/ Checker)
  • Record Keeper (Archive physical documents)
  • Dispatcher

FEATURED CONTENT

Case Study

trade finance

A Leading Bank Reduces Processing Time by 33% with Trade Finance Automation

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Blog

Implement Intelligent Automation to resolve Trade Finance issues

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Demo

Datamatics Trade Finance Solution

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Whitepaper

Simplify Trade Finance Operations with Intelligent Automation

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Demo

Datamatics-Smart-Trade-Finance-Solution

Smart Trade Finance Solution

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Frequently Asked Questions

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