Trade Finance Software

Trade Finance Automation Software

Automate and centralize standard trade finance processes, including export and import-related documentation, negotiation, quotation, and remittances. Ensure adherence to SLAs and regulatory requirements by implementing checklists, efficient tracking of credit documents, and internal controls. Furthermore, increase the scale of operations by extending trade finance services to even low-volume branches.

Multi-channel Trade Process Initiation

Multi-channel transaction initiation via web portal, handheld device, or branch walk-in
Automatic retrieval and population of customer details from core banking system

Straight-through Processing

Elimination of manual case reviews with an automated rules engine
Direct posting of transactions into the core banking system

Loan Limit Availability Check

Limit availability checking to fetch and earmark limits, and push the limit utilization data for each transaction
Instant access to loan account numbers and repayment schedules

Streamlined Online Operations

Centralized trade operations with online trade finance processing at a central hub
Improved liquidity with the release of cash otherwise stuck in a complex supply chain

Cost Reduction and Scalability

Centralized trade operations with online trade finance processing at a central hub
Improved liquidity with the release of cash otherwise stuck in a complex supply chain

Trade Process Monitoring and Reporting

Business activity monitoring to track loan requests, processes, and resource utilization, as well as to generate reports and user-specific dashboards
Master data management module to manage various masters

Solutions for Financial Institutions

Online Account Opening

Deliver a frictionless, personalized, and omnichannel...

Lending

Ensure scalability to cater to all loan types and...

Trade Finance

Improve compliance and efficiency by automating and...

Payments

Streamline your payment processes with new technologies to...

Compliance and Reporting

Comply with regulatory requirements to mitigate risk and...

Success Stories

Accelerating digital
across 20 branches

Learn how Wilson Bank & Trust is leveraging Newgen’s Digital Transformation Platform for online account opening, business banking, and small business lending.

Seamless Integration with
Fintech Partners

Watch this video to understand how Advia Credit Union is leveraging Newgen to seamlessly integrate with fintech partners and transform member experience.

Enhancing Account
Opening process

Learn how Georgia’s Own Credit Union leverages Newgen’s Account Origination platform to minimize time taken to open an account, and easily integrate with third party systems.

Why Newgen is the
Partner of Choice

Watch this video to learn why Newgen is the partner of choice for Old Point National Bank.

Credit offers
in less than 1 minute

Qander Consumer Finance leverages Newgen’s automation platform to transform and automate their banking processes, delivering credit offers to customers in under a minute.

50%
reduction in cost

Nancy Foster, SVP and Credit Administrator, talks about using Newgen’s solutions to digitally transform BNB Bank’s banking processes for improved customer experience.

Turnaround time reduced
from day to an hour

Equity bank was able to deliver consistent customer experience across all channels, embrace mobile-first approach & eliminate process inefficiencies using Newgens' Online Account Opening Solution.

Frequently Asked Questions

What are the offerings of Newgen's Trade Finance software?

Newgen software provides a complete unified solution for Trade Finance which includes end-to-end trade finance processing, supply chain finance, payments hub, and compliance.

What all products are covered in the Trade Finance solution being offered by Newgen?

The various products included in Newgen’s Trade Finance solution are:

Does Newgen offer OCR and data extraction technology in Trade Finance?

Yes, Newgen offers OCR technology for auto-updating of fields on the forms. Apart from the OCR technology, Newgen also offers classifying, extracting, and validation of documents using AI / ML-based models for identifying and populating discrepancies in line with UCP / ISBP / URC, etc.

Does Newgen’s Trade Finance Solution come with a front-end/customer web portal?

Yes, Newgen offers a customer web portal that is interactive and supports two-way communication. All transactions between the bank and the customer can be initiated through the web portal.

Does the solution offer digitization of documents?

Yes, Newgen offers digitization of documents, as part of the automation process of its Trade Finance Solution. Newgen’s Trade Finance Solution is tightly coupled with a document management system where documents are digitized as well as archived.

Does Newgen’s Trade Finance Solution come with a compliance/sanction screening process?

Yes, Newgen’s Trade Finance solution has built-in international compliances which come with the solution as out of the box. However, concerning sanction screening, the Newgen trade finance solution will integrate with the existing screening system of the bank via integration adaptors. APIs for integration will be shared by the bank at the time of gap analysis.

Does Newgen’s Trade Finance Solution come with a Payment Hub?

Yes, the solution can process end-to-end payments including cross-border and local payments. Newgen product is also SWIFT, and GPI compliant and supports ISO 20022 compliances as well.

Does Newgen’s Trade Finance Solution support supply chain finance?

Yes, end-to-end processing of supply chain finance is supported. The products under the module include marketplace, pre-shipment finance, post-shipment finance, factoring, reverse factoring, Forfeiting, and more.

LEARN MORE