Banks in over 100 countries rely on Finacle’s industry-leading solution suite to fast-forward their digital transformation agenda.
The traditional model, where every corporate bank manufactures and distributes its own products and services, through channels that it owns, is quickly breaking down. Progressive corporate banks realize that the future is all about building a platform business by tapping new and diverse partner networks within a larger ecosystem. The bank’s role will shift from that of monolithic pipeline to aggregator and marketplace operator for financial and non-financial offerings.
API based trade finance innovation at one of India’s fastest growing banks
Corporate clients of RBL Bank using trade finance services make a number of enquiries. Earlier, the process of answering a query involved multiple steps and required manual intervention. To make the process seamless and independent of staff, the bank has implemented an API based trade finance innovation, enabling corporate clients make enquiries directly from their respective ERP solutions/applications and receiving responses from the trade finance and core banking system directly. The highly secure, open APIs have automated the manual process, ensuring shorter turn around, risk minimization, and deeper integrations with corporate workflows.
Finacle Corporate Banking is a comprehensive solution suite built on an advanced architecture. The solution addresses the trade finance, lending, syndication, payments, origination, limits, collateral
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The corporate banking digital revolution is on. Overcoming the disruption and keeping pace with corporates’ demands requires banks to become truly digital and to anticipate what tomorrow’s digital landscape may hold. Join the global community of corporate banking leaders who are innovating and transforming with Finacle.