The solution eliminates the time-consuming paperbound activities in trade finance by adopting an automation software and integrating it across other platforms to transfer other traditional trade finance processes on a single platform. The solution aids in AML and visualization as well.

1. Context: A key challenge of paper-based
trades is the proliferation of money-
laundering activities that can be layered
within the trade finance systems, checking
and operating against prima facie
documents. In addition, paper-based
practices slowdown key processes and
delay document movements, which increase
labor costs in return.
This organization was facing these
challenges and they sought a solution with
their limited working capital.
Recommended configuration:
• By adopting their trade finance
automation software, it allows the
trading process to be adjusted,
streamlined and automated.
• At the same time, since it can be easily
integrated across other platforms, it is
able to support traditional trade finance
and other processes on a single platform.
• Ultimately, this software ensures that
the processes become more efficient and
error-free altogether.
Trade financing software automation
Trade finance automation software solution
Trade financing challenges faced by institutions Case study
Paper-based practices
slowing down key
processes and
increasing labor cost
Availability of qualified
staff at all branches not
ensured
Low visibility as inputs
localized in companies’
internal databases
Trust and
communication issues
due to a lack of
system integration
Scalability issues
since system
integration are
mostly centralized
Process suffers
because of delays in
document movement
from branches to
center
Benefits of proposed solution
Full workflow cycle of
applying, studying,
approving and processing
trade finance request
Processes adjusted and
streamlined to changing
market needs via visual
module—flow builder
Supports traditional
trade finance, supply
chain finance,
factoring and short-
term working capital
loans on a single
platform
• Web-based borrower
portal
• Configurable web-
based working places
for originators, risk
managers and
supervisors
• Collateral analysis
module (optional)
• Efficient tracking of
credit documents
with version control
• Formalized,
visualized and
centralized trade
finance operations
• Maximum labor
cost optimization
through
automation,
digitation and
cross-checks
• Embedded limits
management
• Automated anti-
money laundering
(AML) checks and
credit bureau
requests
• Lowered
requirements for
branch personnel
• Overall business
monitoring and
tracking
• Configurable
reports and
dashboards
Client impact:
• Improves efficiency of workflow
through software automation; more
than 200 loans a day
• Easily integrated with other programs
• Automates the entire loan life cycle
• Built-in intelligence system, which
includes a credit scoring card for
evaluation
Tablets
Web-based
borrower portal
Branch-based original
Varun Mittal
Global Emerging Markets
FinTech lead
varun.mittal@sg.ey.com
Contact us
FinTech Hub
www.ey.com/sg/FinTechHub