1. What are the benefits for corporate clients?

A multi-financer platform, which allows buyers to support their suppliers in raising financing requests throughout the trade cycle (including pre-shipment stage).

2. What is the purpose of the Trade Information Network and what are the benefits for the banks?

The Trade Information Network is the data registry wherein buyers and sellers can exchange genuine trade data with their banks as well as raise financing requests (both before and after shipment).
In open account trade, limited visibility of a transaction flow results in an inability for a bank to assess a number of risks, namely the performance risk of a supplier, fraud and double financing. Our platform aims to address all of these while becoming the solution for a better decision-making process.

3. How are connections established on the platform?

Membership on the Trade Information Network is by invitation only. Typically, banks invite their corporate buyers and the buyers in turn invite their suppliers.

4. Who uploads the data?

Only the owner of the data can upload it on the platform. Buyers upload purchase orders and credit notes and suppliers upload invoices and shipment details.

5. How is the data uploaded?

There are a number of ways to upload trade data on the platform. Users have options for API, host-to-host connectivity, file transfer, and manual data input.

6. How secure is my data?

All data on the platform is fully encrypted, both, at rest and in transit, using industry standard encryption algorithms and is stored on the AWS Cloud in Ireland under GDPR compliance. We do allow bank users to perform a 2nd level of encryption i.e. encrypt their PII data using an encryption key, which is generated and managed by them on our platform. Our Information Security Policies and Operational Processes to manage the platform are ISO27001 compliant. Upon joining the network, if required, we can share our Security and Data protection policies with users.

7. How do I subscribe and how much are the fees?

Users of the Network sign the Terms of Use Agreement and undergo a KYC check.
There are no charges for corporate users. For banks, there is a one-off joining fee of USD 10,000 and an annual membership fee, which depends on the data/number of documents consumed and the size of the bank’s group balance sheet. The fees are non-prohibitive and are usually reimbursed by a few transactions on the platform.

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