Digitize the letter of credit lifecycle, from corporate request submission to bank approval, issuance, document management, status tracking and monitoring.
NeoTrade is a digital trade finance platform designed to help banks and corporate clients streamline letter of credit operations. It digitizes the request, approval, document exchange, status tracking and monitoring process to improve efficiency and transparency.
Corporate customers submit requests through a dedicated digital portal. Banks process them through structured approval workflows. Documents, communications and status updates are centralized in one auditable system.
Corporate requests submitted by email, fax or PDF, with frequent rework.
Documents shared physically or through ad-hoc channels with no traceability.
Multi-level approvals fragmented across teams and systems.
Corporate clients chase status updates by phone or email.
Bank-client exchanges scattered across inboxes and channels.
Trade finance compliance checks performed manually and inconsistently.
No clear, shared view of LC status, history and pending actions.
Trade finance teams stretched by repetitive manual tasks.
Digital workflows replace paper-based exchanges and manual coordination.
Corporate clients get a self-service portal and real-time visibility.
One shared, auditable view of every LC status, document and message.
Documents, requests and approvals are digitized end-to-end.
Full audit trail across all transactions, decisions and exchanges.
Communication, document exchange and updates in one platform.