𝗦𝘁𝗿𝗲𝗮𝗺𝗹𝗶𝗻𝗲𝗱, 𝗣𝗮𝗽𝗲𝗿𝗹𝗲𝘀𝘀, 𝗮𝗻𝗱 𝗧𝗿𝘂𝘀𝘁𝗲𝗱 𝗯𝘆 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲𝘀 𝗮𝗻𝗱 𝗠𝗮𝗷𝗼𝗿 𝗕𝗮𝗻𝗸𝘀 𝗪𝗼𝗿𝗹𝗱𝘄𝗶𝗱𝗲. Over the last 21 years, Trade Technologies has steadily transformed export letter of credit, documentary collections and open account processing from a completely manual, paper and courier-based process to a mostly digital and automated process. Over that time, we have successfully processed over $𝟭𝟲𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in transactions on behalf of our corporate and trade bank customers eliminating delays and errors in every transaction to cut risk and accelerate payment. Why should your corporate or bank trade finance processes still rely on outdated, paper-based methods when a proven solution is already here? 𝗛𝗼𝘄 𝗪𝗲’𝗿𝗲 𝗛𝗲𝗹𝗽𝗶𝗻𝗴 𝗕𝗮𝗻𝗸𝘀 𝗮𝗻𝗱 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲𝘀 𝗧𝗼𝗱𝗮𝘆: ✅ 𝗣𝗿𝗼𝘃𝗲𝗻 𝗥𝗲𝘀𝘂𝗹𝘁𝘀: Over 57% of our transactions are presented to banks or buyers digitally, through our proprietary TradeSharp platform. TradeSharp automates workflows, eliminates errors and reduces processing times for banks and corporates. ✅ 𝗚𝗹𝗼𝗯𝗮𝗹 𝗧𝗿𝘂𝘀𝘁: Trusted by over 1,500 corporates and major trade banks, our solutions simplify the management of letters of credit, documentary collections and open account transactions - all through our secure TradeSharp platform. ✅ 𝗘𝗻𝗱-𝘁𝗼-𝗘𝗻𝗱 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗼𝗻: Banks can now seamlessly connect to #TradeSharp using our #TradeBridge API to eliminate the need to manage or even touch paper documents in the processing of letter of credit, collections and open account transactions. ✅ 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗼𝘂𝘀 𝗜𝗺𝗽𝗿𝗼𝘃𝗲𝗺𝗲𝗻𝘁: We have accomplished much, but we are not done. We continue to add more trade banks, corporates and products to our business. We are adding AI to all stages of our technology and will soon release end-to-end automation solutions for import LCs, bank guarantees and standby letters of credit. This isn’t just another empty fintech promise—Trade Technologies has consistently delivered digitized trade finance solutions to corporates and major trade banks for over 20 years. Our technology solutions enhance operational efficiency and add unprecedented value to bank and their clients worldwide. 💡 Ready to digitize your trade finance processes? 𝗚𝗲𝘁 𝗜𝗻 𝘁𝗼𝘂𝗰𝗵 𝘁𝗼𝗱𝗮𝘆, to learn more. #TradeFinance #DigitalTransformation #FinTech #PaperlessTrade #Export #Import
Trade Technologies, Inc.’s Post
More Relevant Posts
-
Seasoned Financial Consultant | Mentoring Global Organizations on Fund Raising, Banking, Trade Finance, and Compliance
On average, a large trade finance bank spends between $25 million to $42 million annually on compliance-related activities alone. This heavy financial burden is exacerbated by the reliance on outdated paper-based systems, which are both time-consuming and costly. The path forward lies in leveraging technology to transform traditional practices. Increased automation, alongside advancements in AI and machine learning, offers a beacon of hope. These technologies can streamline processes, reduce overhead costs, and enhance the overall customer experience. Recognizing the need for change, leading global trade finance banks are now looking beyond their walls. By collaborating with external partners, they aim to develop digital solutions that not only meet their specific needs but also drive industry-wide advancements. As we look to the future, it's clear that the banks that will thrive are those that view these challenges as opportunities to innovate and improve. The integration of technology in trade finance is not just a necessity but a strategic advantage that can lead to more efficient, secure, and profitable operations. Follow for more insights! ♻️ Repost to spread the word #tradefinance #fintech #technologyinfinance #finance #acumientglobal
-
-
Happy New Year everyone!✨ The tide is turning on digital trade finance - the big question in 2025 will not be whether to go digital, but how quickly? The winners will be those who can ride the wave, to embrace digitisation with agility and vision. Thanks Deepesh Patel and Mahika Ravi Shankar Trade Finance Global (TFG) for sharing our perspective on this fast changing landscape. #digitaltransformation #tradefinance #globaltrade #growth #collaboration #digitisation #artificialintelligence #corporatefinance #treasurytransformation
🌊 The tide is turning on digital trade finance: Ride the wave or be swept out to sea? 📊 Digital trade finance has been top of mind for years, but most will agree that 2024 has seen a significant shift in mindset towards adoption. 📜 While the pandemic underscored the need for digital solutions, the trade finance sector has remained fragmented, burdened by paper-heavy processes, and hesitant to fully embrace change. However, 2024 saw substantial progress, with several key developments accelerating the widespread adoption of trade finance software. 🗣️ “This is the beginning of a new and very promising journey in digitalising bank guarantees,” commented Marie-Laurence Faure-Lepetit, Head of Digital Trade Channels at BNP Paribas. 🏦 Enno-Burghard Weitzel, Surecomp’s Chief Solutions Officer, highlighted how embedding AI into digital trade finance will be “instrumental” in empowering customers, as they “enable banks to automate a repetitive, time-consuming verification task which was previously causing massive delays in guarantee issuance.” 📖 Read the article by following the link in the comments section below ⬇️ #digitaltrade #tradetech #fintech #AI #API #tradefinance
-
-
🌊 The tide is turning on digital trade finance: Ride the wave or be swept out to sea? 📊 Digital trade finance has been top of mind for years, but most will agree that 2024 has seen a significant shift in mindset towards adoption. 📜 While the pandemic underscored the need for digital solutions, the trade finance sector has remained fragmented, burdened by paper-heavy processes, and hesitant to fully embrace change. However, 2024 saw substantial progress, with several key developments accelerating the widespread adoption of trade finance software. 🗣️ “This is the beginning of a new and very promising journey in digitalising bank guarantees,” commented Marie-Laurence Faure-Lepetit, Head of Digital Trade Channels at BNP Paribas. 🏦 Enno-Burghard Weitzel, Surecomp’s Chief Solutions Officer, highlighted how embedding AI into digital trade finance will be “instrumental” in empowering customers, as they “enable banks to automate a repetitive, time-consuming verification task which was previously causing massive delays in guarantee issuance.” 📖 Read the article by following the link in the comments section below ⬇️ #digitaltrade #tradetech #fintech #AI #API #tradefinance
-
-
#CrossBorderPayments Cross-border payments are essential for global commerce, enabling seamless transactions between countries and connecting businesses, individuals, and financial institutions worldwide. The process involves currency conversions, compliance with international regulations, and the coordination of multiple intermediaries. Traditionally slow and costly, these payments are now being streamlined through advanced technologies and automated platforms that enhance speed, reduce costs, and improve security. With the rise of fintech solutions, the cross-border payment space is evolving rapidly, offering businesses opportunities to capitalize on innovation. Our expert advisory services help companies navigate this dynamic landscape, leveraging capital resources and strategic insight to fuel growth. Don’t miss the chance to optimize your cross-border payment processes—request a consultation with our financial experts today. We want to help you understand your business in the global payment world. https://lnkd.in/exHFXkBd ##Fintech #B2BSaaS #WellesleyHillsFinancial #InvestmentBanking #SecureBanking #Banking
-
Co-founder & CPO - TransBnk | Transaction Banking | Financial Services | Escrow Services | IIM Calcutta | Data scientist
Trade finance and transaction banking play a pivotal role in facilitating global manufacturing operations by mitigating risks and optimizing financial flows within complex supply chains The evolution of innovative financial instruments and digital technologies has revolutionized how businesses manage cross-border transactions, ensuring the seamless movement of goods and services across international borders Here are some process and features how this can be streamlines with TransBnk - Transaction Banking Platform use cases #TransBnk #TransactionBanking #EscrowAccounts
-
Key figures from the banking and fintech sectors convened in New York in May for a roundtable discussion on the promises and pitfalls of digitising trade finance. With AI breakthroughs already reshaping the landscape and groundbreaking bank-fintech collaborations in progress, the discussion turned to overcoming industry inertia and seizing transformative opportunities.
-
BAFT (Bankers Association for Finance and Trade) has released the white paper, “Uneven Regulations in the Payments Industry”, to shed light on the disparities and challenges in regulatory frameworks governing the global #payments landscape. This comprehensive publication offers a deep dive into the complexities of payment #regulation and its implications for financial institutions, #fintech firms, regulators, and consumers alike. This white paper presents a comprehensive analysis of payment regulations by examining the different approaches adopted by regulatory bodies in various jurisdictions across the globe. It covers a broad range of regulatory frameworks governing various payment instruments, including digital wallets, real-time payments, cross-border transactions, and cards. The paper also provides insights into the emerging fintech regulations and traditional banking regulations that govern these payment methods. It also explores the fragmentation, duplicative requirements, and conflicting mandates in existing regulation that hinder interoperability and innovation in the payments ecosystem. It offers an analysis of the compliance burden, operational costs, and market access barriers imposed by divergent regulatory requirements and how these uneven regulations impact financial institutions, fintech firms, payment service providers, and consumers. It also discusses the implications for competition, consumer protection, and financial inclusion in an increasingly globalized payments landscape. The paper explores ways in which regulatory bodies can collaborate at the domestic, regional, and international levels to promote regulatory convergence and streamline compliance processes. It also provides practical recommendations to enhance the efficiency and effectiveness of payment regulation. Finally, the paper calls for industry stakeholders to work towards creating an inclusive, competitive, and fair environment for consumers, while still maintaining provider profitability and sustainability.
-
The extent to which financial technology will shape the #banking industry depends in part on the nature of competition for banking services that arises from #innovation by incumbent #banks and the entry of new players. This Bank for International Settlements – BIS paper presents a review of the growing body of economic literature on #FinTech and competition for banking services. The review highlights that fintech has spurred innovation and competition across banking services including in #payments, #lending, #deposit taking and #advisory services. Research finds that entry by new fintech-based service providers has expanded access to financial services and put pressure on the market share and pricing power of incumbent banks. The evidence also suggests that fintech-based firms that started out as lenders or payments providers have evolved to offer a broader range of services. The authors cannot fully know how ongoing innovation will affect business models, but so far, the literature highlights some enduring strengths for the model that bundles a variety of banking services in a single firm, ie, a bank.
-
𝐔𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐒𝐌𝐁 𝐅𝐢𝐧𝐚𝐧𝐜𝐞: 𝟓 𝐅𝐢𝐧𝐭𝐞𝐜𝐡 𝐀𝐥𝐥𝐢𝐚𝐧𝐜𝐞𝐬 𝐘𝐨𝐮 𝐍𝐞𝐞𝐝 𝐭𝐨 𝐊𝐧𝐨𝐰 🖐️ 1️⃣ Airwallex & Intuit QuickBooks: Global Expansion Simplified ▪️ Effortless multicurrency management & streamlined accounting = more time for strategic growth initiatives. ▪️ SMBs can conquer international markets with seamless data integration and efficient reconciliation. 2️⃣ Gr4vy, Inc & Trustly: Open Banking Revolution in Europe ▪️ The alliance unlocks a wave of secure, flexible payment options for European customers. ▪️ Helps boost approval rates, reduce costs, and unlock new customer segments with open banking power. 3️⃣ BR-DGE & Trustly: Frictionless A2A Payments ▪️ Trustly's secure open banking tech empowers BR-DGE to offer a frictionless payment experience. ▪️ SMBs benefit from enhanced customer satisfaction, improved conversion rates, and streamlined A2A transactions. 4️⃣ Funding Circle UK Sells US Business to iBusiness Funding ▪️ Funding Circle's US exit signals a strategic refocus on core competencies and profitable UK growth. ▪️ SMBs can learn to prioritise profitability by optimising resources and doubling down on market strengths. 5️⃣ Commerzbank AG & Pliant: The Digital Credit Card Revolution ▪️ Commerzbank's digital credit card offering paves the way for efficient portfolio management. ▪️ SMBs can embrace digital solutions for effortless employee card issuance and streamlined financial operations. _______________ 💼 The fintech landscape is undergoing a metamorphosis, and at the forefront are alliances forging a new path for SMBs. These strategic alliances are offering a wealth of opportunities to optimise operations and unlock growth. 📰 We explore more such trends every week in our 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐟𝐢𝐧𝐭𝐞𝐜𝐡 𝐧𝐞𝐰𝐬𝐥𝐞𝐭𝐭𝐞𝐫 - your warm cuppa brimming with the latest fintech trends and emerging opportunities. Uncover the latest innovations transforming the financial landscape across industries here 👉: https://lnkd.in/grYxVm3r #fintech #SMBs #payments #openbanking #credit #futureoffinance
