Trade and Supply Chain Finance

Industry Overview

According to ICC, there is a $60 billion trade finance opportunity for banks and a $20 billion SCF opportunity for banks. Banks now desire a strategy to maintain a contextual trade and supply chain finance platform that enables financial institutions to carry out all the trade and supply chain finance operations smoothly and effectively through a simplified process that offers a 360 degree capability to digitise operations.

Challenges and Opportunity

There is an accelerated demand for and development of new models for both risk and financing. Banks looking to ‘de-risk’ trade business and make more efficient use of capital.

The terms of trade today are increasingly buyer-driven and there is a displacement of traditional trading relationships, along with an emergence of high-growth strategic markets and new entrants in open account and FSCM.

Digitalisation transforming cost and agility will also have a radical impact on the industry going forward with open APIs, DLT, smart contracts and the like garnering attention.

The Intellect Promise

Intellect brings intelligence to the trade and supply chain finance with five magic accelerators to delight clients and increase revenue.

AI-based smart data capture and compliance
Advanced analytics dashboards
Digital marketplace and open APIs
Fully integrated trade and supply chain finance
Risk distribution and limits management

iColumbus.AI powers the next generation Trade and Supply Chain Finance digitalisation and the Contextual banking experience with omni channel, context sensitive front end and intelligent document exchange powered by AI, ML, NLP and Computer Vision. It is an Artificial Intelligence powerhouse, enabling the extraction, validation, remediation and enrichment of machine-readable data whilst radically reducing the time, cost and risk traditionally associated with manual compliance checks.

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Highlights

Product Highlights

iColumbus.AI is an integrated Trade and Supply Chain Finance Platform. It has been built on a modern API first microservices architecture designed to leverage the power of digital technologies. It comprises an omnichannel digital front end supporting communication between the corporate and the bank; a security layer covering authorisations and entitlements; a trade finance application and a supply chain finance application sitting on a shared platform with a number of shared components for e.g. fees and billing, limits management, risk distribution etc.; a unique native AI engine to support data capture and data compliance; and an integration layer supporting the exchange of data with strategic partners via open APIs. iColumbus.AI is the only product that:

iColumbus.AI is the only product that:

delivers a sustainable solution for paperless trade supporting the integration of ESG ratings
provides a comprehensive and fully integrated solution for trade and SCF on a single platform
has a comprehensive limits management and inbuilt risk distribution module
offers a fully integrated native AI engine
is the most powerful integration tools and the most reliable security engine
provides a dedicated module for Islamic finance
has a SCF application that combines Payables Finance with Supplier Onboarding and Dynamic Discounting
boasts a Centre of Excellence approach to implementation, supported by flexible deployment models and agile delivery capabilities