From paper letters of credit to a digital deal platform

The challenge

Trade finance in the region relied on paper and slow back-and-forth between corporates and banks. The gap between shipment and inspection created risk: payment delays, exchange-rate swings and product deterioration.

How we approached it

1. Registration & verificationOnboarding and verification for corporates seeking finance and banks providing it
2. Streamlined LC processesSimpler, secure management of LCs, LGs and related products
3. Bank-to-bank facilitationSecure handling of bank-to-bank products such as risk participation
4. Transparent biddingA competitive environment where banks bid on corporate trade finance requests
5. Product managementLC confirmation, discounting, guarantees and risk participation in one system

What was delivered

TradeOrigin: a single deal-making platform that digitises the trade finance ecosystem, built with Techsol Management Consultants in Bahrain.

Impact

Corporates compare pricing across banks, banks reach new clients, and both work from real-time deal visibility.