Trade Finance
Consulting and Automation
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Turn your paperless trade finance operations into reality for your bank along with Relconsoft implementation team and Fusion Banking Trade Innovation (FBTI) solution by Finastra.
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Digitalization capabilities are focused on inherited characteristics of traditional trade finance products.
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The main reason for the industry’s slow modernization is the involvement of numerous parties in the transaction, as well as the necessity for physical movement of documents, paper processing, manual processes along with legacy systems.
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Additional challenges come in compliance regulations norms, limited technical expertise, physical processing, document reconciliation and technical limitations. This results in poor client experience as well as long waiting-times.