Financial Services
Digitizing domestic trade finance process
15 Mar 2021
Context
- Company
Description: Global fintech client that enables financial institutions in
providing financing network
- Client
wanted to digitize domestic trade finance process which would help SME traders
and manufacturers in availing easy and faster credit facilities
Our approach
- Analyzed
manufacturing process (textile industry) and distribution channel (steel
industry) and identified the pain points of the channel partners
- Analyzed
value chain of the processes and the unit economics through ~25 in-depth
interviews
- Assessed the existing credit need and available financing / repayment
facilities (banks, NPBCs, local lenders, third party, credit period) from
upstream / downstream
- Identified other process related challenges, which were bottlenecks in
the order fulfilment and transactions with both buyers and suppliers
Praxis value delivered
- Devised a digital journey to enable the client to extend their network services for smaller business segments while availing financing from banks
- Defined a journey and workflow to authenticate users’ (channel partners) and verify the genuineness of transactions, to enable lenders to provide working capital finance
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