Optimizing operations at one of the India's largest trade finance banks

Jun 02, 2021

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.

Lets transform your banking automation journey together