Trade Finance Automation

TradeZone – A Comprehensive Trade Finance solution for banks

Challenges with Current Trade Finance Solutions

The greatest challenge in trade finance is the significant operational cost and risk involved in the paper-intensive transactions. Efforts to digitalise highly manual solutions started decades ago, and there have been attempts by both industry players and banks to deliver new solutions to digitalise various parts of the trade finance value chain.

Risk

Current manual processes are still susceptible to fraud and human error, increasing risk management costs for the banks.

Cost

Lack of Customer Portal. Inefficient processes & increasing overheads of regulatory compliance & screening raises cost across the industry.

Siloed

Current solutions are standalone and not interoperable. They address only part of the Trade Finance journey.

EFFICIENCY

As numerous aspects of trade finance processes remain highly manual & market adoption of solutions is slow, banks are unable to achieve optimal efficiency in Trade Finance.

The Digital Journey in Trade Finance

TradeZone enables banks with Full fledged Customer Portal, dynamic product creation, real time tracking of trade requests, configurable controls, enabling integrations with third party systems, eco friendly paperless thereby ensuring ROI to the bank in a very short period.

The objective of building this solution was to help the banks in effective request creation via netbanking / standalone portal, tracking of trade requests, minimize revenue leaks by having effective de-dupe checks, eliminate paper, and return ROI to the bank in less than a year.

The product has grown over the period of 4+ years and its capability has been enhanced by integrating the application with various systems within / outside the bank.

Overall TradeZone is fit for banks who would like to manage / monitor their trade transactions on a single dashboard and have the solution customized / configured as per their banking process.

Solution Highlights

TradeZone offers:

  • Full fledged Customer Portal
  • Snapshot view of the customer accounts, commission charges, currency rates..
  • Complete View of Trade Finance business across all channels.
  • Improvement in Trade Margins.
  • Centralized & De-centralized Operations.
  • Improved Audit & Compliance.
  • Enhanced Revenues.
  • Service Leadership in Trade Finance process.

TradeZone is completely customizable to Bank’s need to accommodate and improve their decision making process as per their requirements.

  • Ensures electronic movement of cases in a paperless workflow environment.
  • The User Interface provides for effective information sharing on need-to-know basis.
  • Overall the product is fit for banks who would like to manage / monitor their trade transactions on a single dashboard and have the solution customized / configured as per their banking process.

Workflows for trade origination, Document Examination/Compliance ,Product Lifecycle & STP.

  • Complete Configuration of Bank’s Approval and Deviation Hierarchy.
  • Chain based approval as per Bank’s SOP
  • AML/Blacklist Country Check through Integration
  • Integration with IDPMS / EDPMS data
  • Regulatory & Customized MIS report generation
  • Offers Integrations with Net-Banking and Mobile Banking
  • API’s from the product support Open Bank API
  • Integrations with Trade-Finance Reporting Modules
  • Capable to be Centralized Trade Portal of the Bank.
  • Core Trade Solution
  • Core Banking Solution
  • SWIFT Software
  • AML application and databases
  • Trade-Finance Reporting Modules
  • Customer Portal, Internet and Mobile Banking
  • Other required integrations

Customised Priority Setup

Customer/Currency/Process wise priorities with a feature for Manual priority

Pricing & Commission Calculators

Automated built-in 4 dimensional calculators to ensure Customer/Currency/Amount threshold wise pricing and commissions applicability.

Straight Through Processing

Business Rules and Intelligence to ensure Straight Through Processing of Customer/Branch/CPC initiated requests

Deferral Validation & Reports

Centralized Dashboard for managing Customer Discrepancies. Reminders at scheduled intervals.

Compliance And Audit Trail

End-to-end visibility of user request. Quicktracking / Global & Advanced Search.

Cross Reference past requests

CBS / TradeZone Reference Nos to provide all earlier reference to past transactions/requests

Do Not Disturb

Conditional routing of transactions for current & future based transactions for review / approvals

Push & Pull Work Assignments

Bucketing of requests into appropriate process queues & processing using ‘Push – Pull’ techniques

Direct Emailing of CBS / SWIFT

System generated emails along with SWIFT advice/CBS details shared with respective branches & customers

Why Banks Choose Kyzer Software

Comprehensive Trade Finance Automation

End-to-End Trade Automation from Customer Portal, Complete Bank Trade interface with integrations with third party systems.
Ease to launch New Trade products.

Risk Enhancement and Regulatory Management

Trade specific workflows, document examination and Compliance monitoring, Product Lifecycle & STP.
Complete Configuration of Bank’s Approval and Deviation Hierarchy.

AML/Blacklist Country Check through Integration
Integration with IDPMS / EDPMS solution
Regulatory Reports & Customized MIS report generation

Business Retention and Growth

Centralized Processing for all Customer Requests. Remote branches can start accepting Trade requests.

Ease of  Accessibility to Trade Finance documentation & processes.

Data Management and Warehousing

Complete Data management across Core and Third party systems to ensure optimial data handling, retrieval and auditability.

Regulatory Report generation, Customer portal data visibility and email/sms communication management.

Questions? We'll Assist You!

Are you prepared to put your Trade Finance on
Auto-Pilot With TRADEZONE?

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