Fintra's flagship solution is capable of handling the entire spectrum of trade finance processes while substantially reducing the inefficiencies and complexities that exist in legacy solutions
We have been in this business since 17th December, 2015 with the primary objective of development of Software products in the area of Banking and especially Wholesale Banking such as Trade Finance, Supply Chain, Factoring etc. besides enabling front-end to the Corporate clientele of our valued customers enabling them to focus on boosting their domestic and forex earnings.
At Fintra, we develop solutions for banks that are driven primarily by quality, ease of access and effortless navigation along with comprehensive coverage of modern day requirements enabling our customers to derive growth, value and profitability in their operations.
Established in December 2015
Trade Finance product development completed
Implemented Escrow banking at ICICI Bank, India
Bagged Trade Finance Central Processing implementation at SBI
Trade Finance Inland LC Module implemented in SBI at SELECT branches
Implementation commenced for Supply Chain Finance in AMCB, Dubai
Trade Finance platform for small & mid-sized banks including cooperative banks launched
Documentary Credits
Collections
Guarantees
Escrow Accounts
Supply Chain Financing
Workflow Management
1. Creation of products with configurable parameters and quick turn around time
2. Product and Client-specific requirements distinguished
3. Configurable Fees, Swift and SFMS messages
4. RESTful APIs which can integrate with any third-party applications
• Six-eye principle (Maker, Reviewer, Authorizer)
• Authorization Matrix
• SPA (Single Page Architecture) technology with RESTful business services deploying Angular and Node JS
• Choice of database – popular MySQL, Oracle, DB2, Postgress or Industry leading NoSQL MongoDB
• Product offerings made available through Cloud by way of SAAS.
If you are a small or mid-sized organization, we recommend Revenue sharing model where you Pay as you Use and also get the benefit of end-to-end technical support from us.
Software as a service model
Trade Finance platform for small & mid-sized banks including cooperative banks launched
If chosen by you, we install Application on your dedicated servers
One-time license with annual maintenance thereafter
At a Glance:
State Bank of India desired to have a path-breaking transformation of its Trade Finance operations by centralizing 95% of the processing activities and retaining branch-centric 5% of the activity with the branches through a fusion of branch banking and centralized processing:
The Challenge | The Solution | The Benefits |
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The legacy software of SBI has been restricted to branch banking which had the following restrictions: | It was proposed to have a mechanism whereby the branch will only receive the documents from customer, input minimum data and send to Centralized hub. However, customer/other bank interactions and correspondence should be done by branches and the profit centre should be the branch itself. It is neither Unit Banking nor Centralized banking. This called for hybrid-model of process flow. This was achieved by developing the following solution. |
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Contact/Support
4th Floor, Sri Dheera's North East, Plot No 101, Road No 2, Kakatiya Hills, Madhapur, Hyderabad, Telangana 500033, India.