Bringing banks and corporates together through a common digital network system
Banks are looking for ways to develop and expand their trade finance business as customers demand simple processes, quick transaction times, and an improved overall experience throughout the whole trade cycle. But how can this be accomplished in a cost-effective way?
To digitize trade finance, banks need to digitize all communication and collaborating with actual physical supply chain partners to remove the requirement for paper evidence.
Finastra's Trade Network Connector links banks' digital communication to the Contour Trade Network of global banks and businesses. By handling the full end-to-end Letter of Credit process in one collaborative workflow, the Trade Network solution enables the transition from unsecure communication and paper documents to a more efficient, automated, and digitized trade offering. For more detail on how this solution works, download our factsheet.
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