Lending solutions leverage on emerging technologies to simplify the lending process and to increase the accessibility of lending services. Lending solution encompasses functions like credit scoring, AI deployment, alternative lending solutions and intuitive mobile solutions for lending. The trade financing solution automates traditionally paper-based documentation that slows down key processes and increases labor costs. The digitalization of the trade financing process reduces the time taken for the trade finance request to be approved and reduces the labor and administrative costs incurred through automation. Find out more at www.ey.com/sg/fintechhub. For enquiries, contact us via email at fintech@sg.ey.com.

1. Trade financing software automation
Case study
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.
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
Contact us
Varun Mittal
EY Global Emerging Markets FinTech
Leader
varun.mittal@sg.ey.com
Trade financing challenges faced by institutions
Trade finance automation software solution
Paper-based practices slowing down
key processes and increasing labor
cost
Availability of qualified staff at all
branches not ensured
Trust and communication issues due
to a lack of system integration
Scalability issues since system
integration are mostly centralized
Low visibility as inputs localized in
companies’ internal databases
Process suffers because of delays in
document movement from branches
to center
Benefits of proposed solution
• 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
Branch-based
original
Web-based
borrower
portal
Tablets
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
Website: www.ey.com/sg/fintechhub
Email: fintech@sg.ey.com
Sahil Gupta
EY ASEAN FinTech Manager
sahil.gupta@sg.ey.com

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