The digital, one-stop-shop solution provides trade finance brokers, advisors, and consultants with access to a wide pool of funders, and efficiently identifies the bankability of deals through its matchmaking capabilities.

Fineon Exchange – the leading global marketplace for trade finance assets – has today announced the launch of its new Broker Module, the latest addition to its suite of digital trade finance solutions.  The new, broker-centric functionality allows trade finance intermediaries to access a global network of bank and non-bank financial institution (NBFI) investors and find out the bankability of their clients’ transactions at the touch of a button, thereby helping them to carry out successful trade finance transactions more effectively, easily and efficiently.

The solution provides brokers with streamlined borrower-funder matching and digitised transaction management services.  Using a simple, user-friendly funder enquiry form, brokers can upload key transaction details onto the Fineon Exchange platform and gain real-time visibility of the number of potential compatible funder connections at the enquiry creation stage.  Client data is maintained on a single cloud-based platform, enhancing client management processes and transparency.

Hussein Al Amine, Head of Business Development and Global Strategic Alliances, Fineon Exchange, said: “One of the impacts of the global Covid-19 pandemic was that many banks scaled back their trade finance lending, whilst alternative finance providers such as NBFIs became more active investors in the asset class.  This has resulted in an increased demand from corporates, particularly those in the MME and SME sectors, for broker services to help them secure funding from an expanding range of potential providers.  With our new module, Fineon Exchange aims to establish a broker-centric approach and deliver a digital solution that will help propel trade finance processes into a new era, with digital connections and AI matchmaking capabilities facilitating an increase in successful trade finance deals.”

Fineon Exchange undertook in-depth market research to understand the challenges brokers are facing and their precise needs.  Informed by this research, which will be published in early 2022, the platform is free for intermediaries to join, can be co-branded and is GDPR-compliant.

Dominic Broom, CEO, Fineon Exchange, added: “The strength of a network increases with the volume of participants involved.  We are excited to be extending our trade finance matchmaking capabilities to cater specifically to the needs of brokers and look forward to building and multiplying our own marketplace transaction volume capacity in the process.”

“The launch of our Broker Module comes on the back of an incredible year of growth for Fineon Exchange.  Looking ahead towards 2022, we hope to build on this positive trajectory and our vision to become an end-to-end trade finance assets marketplace that can match various stakeholders – such as credit insurers with exporters, and brokers with brokers – across the global trade finance industry, according to their needs,” Dominic Broom concluded