Driving growth and efficiency for the mid-market with cloud-based back-office trade finance processing deployed within 10 weeks.
Expanding our holistic Trade Finance-as-a-Service (TFaaS) offering, we can provide our market leading back-office trade finance solution, DOKA-NG™, as a fully cloud-based SaaS service.
Specifically designed to enable smaller and mid-sized banks to improve their trade finance processing efficiencies, this service improves customer experience, facilitates global trade and ultimately helps drive revenue.
By automating the processing of Letters of Credit and Guarantees, banks who may not have previously had the resources available, can now benefit from a world class solution to digitize their operations. Promoting improved business agility, even the smaller banks can now offer a faster, more streamlined service to their corporate customers.
Easy to on-board, with little to no reliance on internal IT, the solution can be delivered without customization, within 10 weeks, for a subscription fee starting from $50k USD per year. It also adheres to the highest security, performance, data segregation, storage and messaging standards.
While quick and easy to on-board, our TFaaS solution offers the ability to scale as transaction volumes grow and future needs evolve. It can be expanded to include the entire suite of trade finance features such as collections, loans, supply chain finance, syndications and more. In addition, we can extend connection to our open API fintech Marketplace, elevating your operation to a fully collaborative trade finance ecosystem.
Key features of TFaaS:
- Back-office trade finance management & processing automation
- Letters of credit
- Bank guarantees
- Bank connectivity (via SWIFT and email)
- Ability to scale up over time to include documentary collections, loans, front-office corporate-facing solution and access to our open API fintech partner Marketplace
Key benefits of TFaaS:
- Transition to the cloud with on-boarding in 10 weeks
- Maximize operational capabilities and increase volume handling
- Ensure future-proof compliance (e.g., SWIFT, ISO20022)
- Minimize friction in trade finance processing with no deployment risk
- Gain competitive advantage with monthly feature releases
- Optimize customer satisfaction with improved response times
- Reduce IT reliance and cost of ownership by 30-50%
For more information on our 10-week delivery of DOKA-NG in the cloud, please complete the form below and someone will be in touch shortly.