About The Customer
A stealth startup headed by industry professionals working to resolve:- Access To Trade
- Rates Democratization on Trade Instruments like LCs
Problem Statement
The requirements was for two sided web based platform that would allow traders with access to a digital trading window using which they trader could create different request. At the same time multiple banks would be able to review those requests and post bid against each request when then the trader would accept or reject. Risk Participation was another requirement for the bank side.The challenge in all of this was to qualify the instruments that it would be useful for the banks.
The request instruments included:
- Letters Of Credit
- Bills for Collections
Our Approach
Project involving such a complex cross border banking instrument required that we start with a details project and requirement analysis in-order for team to better understand the ask and to estimate the depth of the project for us an for the customer.
Our Solution
Success Factors
- Digita’lization Of Trade journey
- Improve Cost to Income Ratio for Trade Finance
- Faster & accurate instrument risk assessment at scale!
- Instant Access to Rates & Trade Facilities
- Interoperability In Trade- MT-700 compliant
- Live Chat with bankers