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.