APAC CIO Outlook
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Agile

    Artificial Intelligence

    Aviation

    Bi and Analytics

    Big Data

    Blockchain

    Cloud

    Cyber Security

    Digital Infrastructure

    Digital Marketing

    Digital Transformation

    Digital Twin

    Drone

    Internet of Things

    Low Code No Code

    Networking

    Remote Work

    Singapore Startups

    Smart City

    Software Testing

    Startup

  • E-Commerce

    Education

    FinTech

    Healthcare

    Manufacturing

    Retail

    Travel and Hospitality

  • Dell

    Microsoft

    Salesforce

    SAP

  • Cognitive

    Compliance

    Contact Center

    Corporate Finance

    Data Center

    Data Integration

    Digital Asset Management

    Gamification

    HR Technology

    IT Service Management

    Managed Services

    Procurement

    RegTech

    Travel Retail

Menu
    • FinTech
    • Microsoft
    • Procurement
    • Managed Services
    • Cyber Security
    • Gamification
    • Blockchain
    • CRM
    • Software Testing
    • E-Commerce
    • Low Code No Code
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • FinTech
    • Vendor
    • Trade Ledger
    Previous
    Next

    Trade Ledger: A Disruption in Trade Bureaucracy

    Martin McCann,CEO, Trade LedgerMartin McCann, CEO
    A recent report by the Asian Development Bank highlights that the estimated global trade finance gap lies at around $1.6 trillion, and that as many as 50 percent of trade finance applications by SMEs get rejected. These statistics bring up an obvious question—how can SMEs operate in an environment where their requests for trade finance are more likely to be rejected than funded?

    The same report also states that an increment of 10 percent in trade finance would enable SMEs to recruit in average, 1 percent more employees. Therefore, since trade finance has additive effects on employment, in absence of its underlying support, trade opportunities that create growth and jobs are lost.

    Answering these questions and addressing the socio-economic development issue of unmet trade finance demands is Sydney-based fintech firm, Trade Ledger.

    The company has developed a unified digital business-lending operational platform that creates a channel to support all major types of cash flow lending products, from invoice funding to debtor financing, to supply chain financing. According to Martin McCann, CEO of Trade Ledger, “A highly problematic reality is that most of the world’s SMEs are considered credit-unworthy when the truth is that the credit modelling and underwriting processes are simply set up to deal with MN’s and large corporations and cannot address the SME market. We are solving that market problem with technology.”

    Trade Ledger is reimagining the future of business lending technology—Banking as a Service


    Trade Ledger offers a unique range of solutions for corporate lending in its platform-as-a-service model. One of its components, Credit and Fraud Analysis, calculates the entire depth and breadth of credit and financial metrics, directly from the business’s financials system. It also provides definitions of each metric, along with the relevancy and parameters considered behind calculation, creating a truly accurate picture of credit worthiness in real time. On the other hand, Trade Ledger’s B2B e-commerce platform also allows banks to customize risk and credit processing variables according to policies that suit their needs. The platform, which runs on AWS, can autonomously update invoice status, offer transparent credit rating summary, and collect requisite customer details for a seamless approval and instantaneous transfer of business loans. Cumulatively, the digital lending platform covers every aspect of business lending, from customer application and on-boarding, to due diligence, settlements and payments.

    To better elaborate the applicability and efficiency of Trade Ledger, McCann cites a case study of an Australian alternative lender, who was amongst the first adopters of the solution. The firm previously had to execute manual and time consuming processes, owing to its dispersed and non-connected credit decision-making, customer engagement, CRM, and financial data systems. Moreover, their legacy systems failed to guarantee consistency of applying risk and credit policies country-wide, which caused grave financial risk for the business. To mitigate these ever-growing challenges, Trade Ledger digitized the company’s complete array of offerings, and automated their back-office operations. This resulted in a much-improved lending facility, structurally speaking, at a far lower cost. Trade Ledger also implemented new and numerous automated risk controls in their operations, which significantly raised the client’s profit margins, while reducing risk.

    Advancing its platform for future, Trade Ledger is now incorporating AI, machine learning, Distributed Ledgers and service bots, which would substantially add to the platform’s predictive capabilities and banking industry utility. With further expansion plans in Singapore, New Zealand, Hong Kong, Malaysia, Europe and the USA, Trade Ledger is definitely re-imagining the future of business lending technology— Banking as a Service.
    Previous
    Next
    Share this Article: Tweet
    2017

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    CIO Speaks

    • IT Service Delivery Models Evolving with Business

      Todd Larson, CIO, Sentinel Benefits & Financial Group

      E-Mortgage, The Next Big Thing is already here: Make it Bigger

      Nafees Ahmed, CIO, Indiabulls

      Technology and Business Conscience Collision

      Winston Benedict, CIO, Dentsu Aegis Network ANZ

      eMortgage, The Next Big Thing is Already Here: Make it Bigger

      Nafees Ahmed, CIO, Indiabulls

      The Right Technology And Reliable Partners; The Business Next Frontier

      Luke O'Brien, CIO, ISS Facility Services Australia & New Zealand

      Service Organisations Make Great Places To Work, And Deliver Better Value

      Matthew Perry, CIO, Orora Limited [ASX: ORA]

    • How Have Recent Advancements in Big Data Been Impacting Businesses?

      Marc Solomon, CIO, Bvn Architecture

      BI & Analytics in Aquaculture

      Matthew Leary, CIO, Tassal Operations

      BI and Analytics

      Gary Peel, CIO, SYNERGY (ASX:IS3)

      A Blend of Six Technologies to Enhance Teaching-Learning Processes

      John Hui, CIO, The Education University of Hong Kong

      Creating Integrated Workflows for an Evolving Company

      Mike Everly, CIO, D&H Distributing

      Modern Software Development Methodologies

      Kevin Glynn, VP and CIO, DSC Logistics

    Copyright © 2023 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    |  Sitemap |  Subscribe |   About us

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://fintech.apacciooutlook.com/vendor/trade-ledger-a-disruption-in-trade-bureaucracy-cid-2731-mid-139.html