There is a window of opportunity to build a unicorn digital trade finance bank for corporates. Trade and working capital finance needs are poorly served by incumbent banks. This has led to an unmet trade finance gap estimated at $1.5 trillion. Small and medium-sized businesses (SMBs) bear the brunt of bank inefficiency. 40% of SMB trade finance applications are rejected by banks due to legacy processes. This is what we seek to disrupt.
• Regulatory support for digital banks and innovative business solutions
• Clients are eager to switch to better alternatives – witness the volume growth of retail digital banks
• Availability of inexpensive and modular digital tools which can be leveraged to solve for corporate needs
• Move to next generation capital model to originate and distribute trade assets
• BANKS have balance sheet and risk underwriting capability but suffer from archaic processes and technology gaps.
• They struggle to transform themselves leaving the market open for new digital players.
• NEO PLATFORMS bring digitisation and connectivity but do not have the balance and risk-taking capability of traditional banks.
NEO TRADE BANK is the solution that combines the best of both worlds and can provide a complete solution for corporate needs.
Send us a message to find out more about how we can meet your banking needs. Tell us a little bit about your situation, and we will get back to you as soon as we can.