Why Newgen’s Trade Finance Automation Solution?
40% Better Risk Assessment
Enhance decision-making with AI-driven insights.
100% Scalable
Adapt to growing trade volumes and integrate seamlessly with legacy systems.
70% Faster Processing
Increase processing capacity with automation of the trade origination layer and minimum manual dependence.
50% Reduction in Costs
Lower Full Time Equivalent (FTE) cost through automated processes with high transparency.
99% Faster Service Delivery
Improve adherence to service level agreements (SLAs) with straight-through processing.
Industry Recognized
Get a solution that has been recognized in Gartner’s market guide as the only low-code trade finance platform.
“Newgen’s trade finance automation reduced processing times by 60% and cut manual work to half. The AI-driven insights have significantly improved our risk assessment. The solution meets 100% requirement and has proven to be a perfect choice.”
Head, Trade Finance, US Bank
Unique Features of Newgen’s Trade Finance Automation Solution
Single unified platform, ready for go-to market, with in-built compliances that supports multi-channel initiation through web, mobile, or branch
Two-way communication-enabled customer digital channels i.e. trade online portal to initiate transactions, real-time discrepancies handling, and limit monitoring
Transaction intelligence to provide a holistic view of transactional and regulatory behavior of the customer
OCR-based data extraction and Integrated AI / ML led document processing
Parallel and sequential processing of the case, real-time discrepancies handling, and limit monitoring
Automation of approval mechanism, deviation hierarchy and comprehensive charges module
SLA & TAT management to ensure timely and well-defined delivery of service to the customer
Inbuilt Business Activity Monitoring module, with independent dashboards and reports for every persona
SWIFT-Compatible Trade Finance Solution
Our Solution offering supports Transactional Information Exchange in a Secure, Standardized, and efficient manner via Swift Network complying to latest Swift Standards between Bank to Bank, Bank to Corporate and Corporate to Bank. Following Swift related activities are supported.
Message creation and processing
Message flow control
Message reconciliation
Message repair and STP enrichment
Message validation (syntax, XML Schema)
Message validation (market practices)
Message transaction management
Message technical or business activity monitoring (BAM)
Message exception handling
Message switching and routing
Message reporting and auditing
Message validation (SWIFT Network rules or MFVR)
Message translation (MT-MX)
Message entry (Graphical User Interface)