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Finacle Trade Connect is a blockchain based solution developed specifically to address and simplify the trade finance process requirements of banks. The solution is designed to help digitize trade finance business processes, including validation of ownership, certification of documents and making payments, while working on a distributed, trusted and shared network.
Finacle Trade Connect is available for a range of functions, including bank guarantee, factoring Bill Collection, Letters of Credit, Open Account for Trade, C2C Transactions for Trade, B2C transactions for Trade, PO financing and Invoice financing.
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Finacle Trade Connect is the comprehensive blockchain-based solution from Finacle, developed specifically to simplify and digitize the trade finance business process requirements of banks using blockchain. Founded in 2017, the solution helps digitize trade finance business processes, including validation of ownership, certificate of documents and making payments, while working on a distributed, trusted, and shared network and was first piloted as the India Trade Connect project.
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