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.

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
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)

Customers
The Bank Of Bahamas
Clarien Bank
Dubai Islamic Bank
Bank of Tanzania
Customers
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Prebuilt Connectors & APIs
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All you need to know about Trade Finance Automation 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.

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

  • Letter of credit
  • Standby letter of credit
  • Bank guarantee
  • Bills under the letter of credit
  • Bill under collection
  • Outward remittance
  • Inward remittance
  • Import and export financing
  • and more

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.

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.

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.

Yes, Newgen’s Trade Finance solution has built-in international compliance 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 adapters. APIs for integration will be shared by the bank at the time of gap analysis.

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 compliance as well.

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.

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Find Your Winning Strategy with Newgen

Innovative Product Suite Enabling Digital Transformation
Newgen is the leading provider of AI-enabled unified digital transformation platform with native process automation, content services, and communication management capabilities. Globally, successful enterprises rely on Newgen’s industry-recognized low code application platform (LCAP) to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. Our products and applications have been recognized by the top analyst firms, including Gartner and Forrester.

Successful Implementations Worldwide
For nearly three decades, Newgen has been driving digital transformation initiatives and delivering superior customer experience with our industry-specific applications, available on cloud, on-premises, and in hybrid environments. Our platform-based products seamlessly integrate with virtually any internal and external systems, to ensure that our customers maximize their ROI from existing investments, while staying compliant and future-ready.

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