Platform for Digitizing & Securing Trade
Demystifying The Future!
Growth potential of trade finance is largely impeded by the financial crime risks associated with trade documents’ and /or underlying trade’s genuineness. Furthermore, duplicate invoice financing and over invoicing are some of the other fraud risks that banks constantly hedge in their day to day trade finance transactions.
Over the years there have been very little automation done in streamlining trade finance procedures through industry collaboration. Most fraud detection checks remain manual and limited to a bank’s own internal controls and measures. Banks and financial institutions deploy large teams and numerous measures to verify correctness of trade documents and legitimacy of associated parties.
Avanza’s Trade Bridge is an industry-wide platform that enables banks to verify duplicate financing frauds and address numerous financial crime risks associated with trade finance transactions.
Trade-Bridge is a collaborative platform that brings industry stake-holders together to catalyze and grow SME financing by safeguarding lenders’ interests, thereby increasing the economic activity and growth in a jurisdiction manifold.