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Invoice Discounting and Domestic LC
Helps importer, exporter, importer’s bank and exporter’s bank to verify and validate transactions, ownership, and payments in real-time

Invoice Discounting and Domestic LC

Tech Mahindra has invested in a leading trade network based out of Europe that hosts 20+ leading banks on its network. The focus is on creating an ecosystem of international banks and organizations that include buyers and sellers to facilitate trade. The key offerings include Invoice Discounting, Payment Commitment and Domestic LC. The platform is built on Corda and helps importer, exporter, importer’s bank and exporter’s bank to verify and validate transactions, ownership, and payments in real-time.

Platform Benefits
  • Revenue Generation
    • New revenue generation for banks by garnering more business from exporter / importer banks
  • Effective Settlement of Payments
    • Enhanced efficiencies and faster cycle time in the settlement process involving diverse stakeholders
  • Risk Reduction and Tracking
    • Real-time visibility and single source of truth for corporate trade data across enterprise systems, apps and networks
  • Cost & Time Savings
    • Significant reduction in existing invoicing process for banks from one week to a few hours, leading to cost and time savings

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