A Massive Opportunity Awaits
The financing gap for MSMEs currently amounts to $5.7 trillion, expanding to $8 trillion when accounting for informal enterprises. Today, as businesses seek to make their ecosystems more resilient, Supply Chain Finance (SCF) has emerged as a powerful lever for banks and financial institutions (FIs) to support clients, while unlocking new revenue streams. A recent report estimates the global SCF market has surpassed $2.3 trillion with a strong compound annual growth rate (CAGR) of 22.7% over the past seven years.
Clearly, the stakes and opportunities have never been bigger.
In Our Latest Report, Unlocking the Potential of Supply Chain Finance: An Approach for Banks, We Explore
- The growing opportunity for banks and financial institutions in SCF
- Emerging business model innovations reshaping SCF
- Key challenges, and how to overcome them
- A strategic blueprint to help banks and FIs capitalize on the SCF momentum
Key Facets of a Strong Core SCF Solution
The Finacle Supply Chain Finance Solution, a comprehensive, industry-leading solution, offers a robust feature set to enhance supply chain financing, covering a wide range of product variants such as factoring, reverse factoring, invoice discounting, dealer finance, and vendor finance. It supports both domestic and international transactions with options for recourse and non-recourse financing. By enabling better working capital management and providing comprehensive reporting and notifications, Finacle empowers banks and FIs to deliver superior supply chain finance propositions, strengthening clients’ financial positions.
Finacle Trade Connect is a cloud-native, digital self-service platform that empowers corporates to seamlessly manage their supply chain needs. The solution offers access to a wide range of supply chain finance products, from initiation to closure, through an intuitive, self-service interface. Finacle Trade Connect’s customizable and extensible design ensures it meets the diverse requirements of corporate users, enabling banks to deliver a superior, frictionless digital experience.
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