Redefined trade finance banking operations in the digital age using Kyzer Trade Finance solution - TradeZone to empower employees and transform customer experience.
Challenges
Keeping a trade finance business profitable is challenging with advanced legal scrutiny and increased regulatory compliance.
The customer bank therefore set a strategic goal to achieve profitability by automating and digitizing functions that support trade finance and address current challenges:
- Long turnaround times and high costs to serve each customer
- A traditional business process that relied on manual intervention and activities for document validation on paper and often led to errors
- Inability to receive insights on data and transactions to help make faster and more informed decisions.
- Huge operations team working round the clock to support global trade finance operations.
Solutions
The bank leveraged Kyzer’s end-to-end Trade Finance Suite offers the industry’s leading capabilities for frictionless trade finance and remittance including; buyer and seller loans, letters of credit, bank guarantees, documentary collections, pre-shipment /post shipment finance, forward contracts and inward / outward remittances.
We provide the option of utilizing TradeKonnect as an integrated front end, or integrating directly with existing channels, to deliver a single view of data and meet customer experience expectations.
A future-proof ecosystem, accessed through TradeZone, allows innovation to be delivered at speed for changing client demands.