Trade Finance – The Digital Imperative
Head – Trade Finance
With shrinking margins from the competition and increasing regulatory mandates, the trade finance leaders, like you, are under constant pressure to improve efficiency, customer-centricity, and productivity. The supply chain, being at the forefront, faces challenges in interconnectivity and coordination between the involved parties and managing the high influx of paperwork involved in its transactions. The pandemic has further added to the complexities.
Challenges of the trade origination process cannot be overlooked. It involves interaction between multiple disparate applications, which takes almost 65% of the total transaction effort. Here’s exactly where Newgen’s trade finance solution comes to the fore. The integrated solution, built on a low code platform, streamlines the end-to-end trade processes and helps drive continuous business innovation. Designed by industry experts, the solution unifies customer experience and operational excellence in one bundle. It has auto data extraction capabilities, and an orchestration layer and supports the origination and processing of all traditional trade finance products, including documentary credits, documentary collections, SBLCs, and bank guarantees in an electronically-driven environment.
Join this webinar featuring the industry’s subject matter experts to gain insights into the latest technologies that can help you overcome various operational challenges and deliver superior customer experience.
Key Points of Discussion
- Emerging challenges in trade finance
- Securing future growth
- Importance of automating trade origination
- Auto content analytics and trade intelligence
- Blockchain in trade finance