تجارتی مالیات عالمی تجارتی نمو کے لیے ایک ضروری معاون کے طور پر کام کر رہا ہے۔ کی متوقع ترقی
تجارتی فنانس مارکیٹ was valued at $63.5B in 2019 and is expected to grow to $79.4B in 2026! The trade finance market has recently witnessed a shift, primarily driven by pandemic disruptions,
technology, globalization, and real-time access to data. Since trade finance serves as a critical pillar for banks’ future business strategy, the shifting realities are pushing banks to face a make-or-break moment.
صارفین کی توقعات پر پورا اترنے کے لیے بینکوں کو تجارتی مالیاتی آپریشنز کو جدید بنانے کی ضرورت ہے۔
Today’s digitally savvy customers expect a seamless digital experience with their banks. Banks need to be able to provide solutions to enable customers to seamlessly connect with the bank and complete their international trade transactions through mobile
devices or web portals. Customers expect a transparent and real-time update of their trade finance requests across the process lifecycle. Meeting SLAs and ensuring error-free trade transaction processing will ensure customer satisfaction and positively impact
the revenue from the trade finance business.
لیکن بینکوں کو تجارتی مالیاتی عمل میں مشکل چیلنجوں کا سامنا کرنا پڑتا ہے جو بمپر کے طور پر کام کرتے ہیں۔
While banks race to digitize, the modernization of the trade finance process has yet to gain traction. By its nature, the trade finance process is highly manual and fragmented as it entails heavy documentation, checks, and levels of approvals. According
to this research, experts reckon that
تقریباً چار ارب دستاویزات and pages get circulated in documentary trade alone! In this situation, the lack of end-to-end automation leads to low efficiency and delayed processing cycle times. Poor-interdepartmental coordination (including credit limit
departments, trade operations, FX treasury, etc.), myriads of domestic and international compliances, and multiple stakeholders add to the woes of bankers.
اور کم کوڈ پر مبنی تجارتی مالیاتی پلیٹ فارم ان چیلنجوں سے نمٹنے میں مدد کر سکتا ہے۔
آئیے دیکھتے ہیں کہ کم کوڈ تجارتی مالیاتی پلیٹ فارم آپ کی تنظیم کے لیے کیا کر سکتا ہے:
- متحد فرنٹ اور بیک اینڈ کے ساتھ دبلے اور چست بنیں۔
EY کی تحقیق کے مطابق،
CRO کا 60%s stated that IT obsolescence and legacy systems are an emerging risk in the next five years! This is why banks need to turn towards low code platforms to reduce dependency on multiple applications, quickly design critical applications, tie customer
portal with the back end, and respond to market changes faster.
- تعمیل کی پیچیدگی: Anyone who has ever worked in a bank can understand how important compliances are for the industry. Financial regulators, locally and globally, continue to update rules and regulations, and keeping up with these ever-changing
compliances can become challenging, especially for a sector like trade finance. Data by EY indicated that
دستی تعمیل reviews consume nearly 30% of banks’ trade operations capacity. An in-built business rule engine in a trade finance platform makes it easier for banks to configure compliance needs and address different compliances such as ICC, UCPDC,
and URG, among others.
- افزودہ تجربے کے لیے صارف کے سفر کو آرکیسٹریٹ کریں۔
It can be challenging to generate business value when the workforce is engaged in putting out fires and performing error-prone, manual tasks rather than value-added activities. Low code platforms allow banks to configure user journeys—be it customers or
banks’ users—to create a frictionless experience through end-to-end workflow automation. For customers, banks can orchestrate their journey from origination on the customer portal/multichannel to seamless document submissions, verifications, real-time customer
communications (Advice and SWIFT), and more. For bank’s users, the journey can be orchestrated by including automated processes of extraction and data validation, auto doc check, intelligent case routing for approvals, auto AML and compliance checks, and more.
- متعدد تھرڈ پارٹی ایپلی کیشنز کے ساتھ بنیادی نظام کو مربوط کریں۔
With a low code trade finance platform, banks can seamlessly integrate with treasury systems, sanction screenings, anti-money laundering systems, and third-party applications such as credit bureaus. This ensures that your bank can make the most out of your
current technology investments and enable seamless information flow across departments.
- گرفتاری تجارت کی ابتداء کے چیلنجز
Banks spend almost 65% of their transaction efforts on originating trade finance requests. Inefficiencies like this can be costly. A trade finance platform with capabilities to digitize documents through the ingestion of docs from multiple channels, perform
auto doc checks, and validate documents for ICC, UCPDC, URG, etc., can help banks address origination challenges.
نتیجہ اخذ کرنا
کم کوڈ پر بنایا گیا تجارتی مالیاتی پلیٹ فارم بینکوں کو مسابقتی فائدہ دے سکتا ہے اور منافع بخش تجارتی مالیاتی کاروبار میں بڑی کامیابی حاصل کر سکتا ہے۔ اگر AI، ML، RPA، اور blockchain جیسی جدید ٹیکنالوجیز سے تعاون کیا جائے تو بینک اپنی پیشکش کو مستقبل کا ثبوت دے سکتے ہیں۔
