Digitize your trade financing journey

Nearly 80 percent of the $100 trillion global trade market is based on some form of credit or guarantee. Yet operational risk and high costs prevent financial institutions from providing trade finance opportunities to many of their small- and medium-sized clients. The resulting lack of credit impedes growth both locally and globally.   

TradeLens can change that. When your institution joins the world’s most expansive blockchain supply chain network, you’ll gain access to critical trade data to help you automate manual verification processes, drive transparency, simplify compliance and streamline financial processing and settlement. 

Learn why banks across the trade finance space are turning to TradeLens for a new way of handling documentary trade, supply chain finance and compliance.

Scalability remains a central challenge for players operating within trade finance. Many financial institutions believe digitization is the solution to poor visibility, low profit margins and compliance concerns that drive trade finance shortfalls.  

While digitization can change the way individual entities in trade finance process information, these benefits have not scaled into a true global connected network — until now with TradeLens.

Transaction processing

Outdated, disparate trade finance systems and paper-intense processes require substantial manual effort; this drives up costs, creates friction and causes delays.

Read more

Document integrity and validity

Banks invest significant resource into manually checking financing documents to ensure authenticity and accuracy. It’s a time-consuming, error-prone process.

Read more

Transaction visibility

Trade finance is a paper-intensive industry. Documents travel with their cargo from port to port, where they are checked, signed and faxed to all parties involved in the transaction. In spite of the degree of interaction, each party in the transaction has very little visibility.

Read more

Access to trade finance opportunities is a challenge for a significant portion of participants in the global economy. Banks report that 74 percent of rejected trade finance requests come from small and medium enterprises, which contributes to a $1.5 trillion global trade finance gap.

This is a major constraint in the ability of those enterprises to do business, much less grow. And when their requests are approved, these players are also further constrained by higher costs of screening and higher interest rates.

But with TradeLens, SMEs and the financial institutions that serve them can access trusted, shared data, resulting in streamlined compliance processes, lower risk and better access to trade finance opportunities.

Compliance

Regulatory oversights including KYC (Know Your Customer) and AML (Anti Money Laundering) play critical roles in safeguarding the global financial system.

Read more

Data availability and quality

Trade finance is inherently decentralized. Yet today's status quo matches a centralized way of doing things. This creates data silos and prevents all actors involved in the transaction from accessing required data in a timely fashion.

Read more

TradeLens integrates with users’ in-house systems via non-proprietary, publicly available APIs that are designed for ease of set-up and use.

Share and use real-time data

Open APIs enable real-time data transfer between supply chain participants via publish, subscribe, query and doc share functions.

Reduce EDI costs

Reduce EDI maintenance costs with a family of open-standard APIs for real-time data transfer between supply chain partners.

Unlock creativity

Spur innovation at all levels of your IT division by unlocking creative energies formerly locked up in EDI set-up and operation.

financial services USING TRADELENS

modern terminals

A pioneer in the container terminal industry, operating terminals at Kwai Tsing Container Port, Hong Kong and DaChan Bay Terminals in the Pearl River Delta.

apm terminals

Operates one of the world’s most comprehensive port and integrated inland service networks and uniquely positioned to help both shipping line and land-side customers.

port of halifax

A regional economic engine, connects Eastern Canada to more than 150 countries and contributes over $1.7 billion in economic impact.

psa

One of the flagship terminals of PSA International, a port group operating 67 berths with a handling capacity of 50 million TEUs yearly which spans Asia, Europe and the Americas.

ceva

A leading non-asset- based supply chain management company that designs and implements industry-leading solutions in both freight management and contract logistics.

agility

A globally recognized logistics company that works with companies to move, manage and distribute the goods that underpin global commerce.

modern terminals

A pioneer in the container terminal industry, operating terminals at Kwai Tsing Container Port, Hong Kong and DaChan Bay Terminals in the Pearl River Delta.

apm terminals

Operates one of the world’s most comprehensive port and integrated inland service networks and uniquely positioned to help both shipping line and land-side customers.

port of halifax

A regional economic engine, connects Eastern Canada to more than 150 countries and contributes over $1.7 billion in economic impact.

psa

One of the flagship terminals of PSA International, a port group operating 67 berths with a handling capacity of 50 million TEUs yearly which spans Asia, Europe and the Americas.

ceva

A leading non-asset- based supply chain management company that designs and implements industry-leading solutions in both freight management and contract logistics.

agility

A globally recognized logistics company that works with companies to move, manage and distribute the goods that underpin global commerce.

financial services testimonials

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Author

Role, Company

stay informed, stay ahead

Explore how TradeLens is shaping the future of global trade. Learn how TradeLens can benefit you by clicking on the information below.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.