#dltledgers for Banks

See how banks are using blockchain as a platform for digitisation: improving trade flow visibility, reducing risk, and cutting 5% off their trade financing costs.

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#dltledgers

For Banks
See how banks are using blockchain as a platform for digitisation: improving trade flow visibility, reducing risk, and cutting 5% off their trade financing costs.

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Digitise your trade finance
Usher in a new era of advanced capabilities to completely digitise trade finance departments and trade document validation departments to reduce TAT, human errors, processing times, frauds, etc.
Working with 45+ banks around the world
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The blockchain solution creates an opportunity for us to support various types of industries with all sorts of supply chain requirements, with end-to-end traceability and transparency across all transactions, which is very different from the traditional approach of being a one-to-one counterparty. I look forward to bringing this solution to various other industries, to support them on their end-to-end supply chains, and to get financed on these transactions.

Raof Latiff
Group Head of Digital & Product, Institutional Banking, DBS Bank
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Support your key accounts

Banks and financial institutions are already co-innovating with dltledgers, using blockchain technology to offer better services to their customers, such as:

  1. Digital trade finance
  2. Factoring or Accounts Receivable Purchase (ARP)
  3. Interbank LC processing
  4. Accounts Payable Financing (APF)
  5. Trust Receipt Financing
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TradeDoc Validation

#dltledgers performs duplicate and fraudulent Invoice and Bill of Lading checks for banks, without disclosing the financing bank or trade details in the platform. This functionality exists for our 45+ banks in the network already and will be offered to other banks based on mutual collaboration requests.

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Supplier financing

The dltledgers platform provides large enterprises with a new way of consolidating supply chain data. This data can then be used, in partnership with banks and logistics providers, to facilitate a new kind of supplier financing, based on inventory, performance, and credit scoring.

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Mitigate risk and fraud

Trade financing today is still largely a manual, paper- based business. It is invariably complex, opaque, and can be susceptible to nefarious activities and fraud. The dltledgers platform provides greater visibility into the trade process, with highly secure contracts and document transfer between authenticated counterparties, real-time tracking and updates, and an immutable audit trail. To finance providers it represents a major step forwards in mitigating risk and fraud.

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Reduce TAT, human errors,
effort and cost

Most financial institutions are now committed to some form of digital innovation – moving away from paper- based, manual, complex processes towards a more secure, efficient, and digital flow of information. This is particularly relevant in transactions that involve multiple buys, sells, geographies, and unknown counterparties, where the advantages of a blockchain platform are significant.

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"Being part of this digital space has helped banks with more visibility into the customer’s operations, increasing transparency of the trade. This will surely reduce fraud and related risk and build cross border interconnectivity."

Samuel Mathew
Global Head of Doc Trade, Trade Digitization & CPO Trade Platform Transformation, Standard Chartered Bank
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#blockchain #CORDA #cross-border trade

Singapore-based Trade Finance Platform #dltledgers Lands USD $7 Million Series A Funding Round and Migrates its Blockchain-based Solutions to Corda

April 2, 2021

Singapore-based fintech firm, #dltledgers, has completed a Series A funding round led by Regis and Savoy Capital, Vittal, Walden International and various veteran industry leaders. The Series A funding round closed with a total of USD $7 million.

The fundin....

#blockchain technology #digital trade documents #ecosystem

Singapore authorities seek end to paper-based trade

November 9, 2020

Original article by John Basquill, GTR

 

Singapore’s financial regulator has called for a move away from paper-based trade transactions in a bid to reduce fraud, after a series of high-profile scandals in the city state’s commodities sector.

Senior minister Tharman Shanmugaratnam, who ....

#blockchain technology #digital trade documents #ecosystem

Former Global Head of Trade Finance, Farooq Siddiqi, joins fintech platform #dltledgers as CEO

November 3, 2020

Singapore, 3rd November - Leading cross-border trade digitisation platform #dltledgers has hired veteran banker Farooq Siddiqi as its Co-CE0. Siddiqi, who has over 25 years of experience in transaction and corporate banking commenced his new role on 2nd November 2020. ....

#blockchain technology #ecosystem #enterprise blockchain

How Singapore’s first trade finance digital registry works

October 28, 2020

Original post by Karry Lai, International Financial Law Review 

Blockchain startup DLTLedgers and the banks involved in the project share insights on the challenges encounte....

#blockchain technology #ecosystem #enterprise blockchain

DBS, StanChart lead industry workgroup to develop Trade Finance Registry pilot

October 6, 2020

Original post - The Business Times 

 

LOCAL lender DBS and Standard Chartered have jointly led a workgroup of 12 other banks to create an....

#cross-border trade #digital customer journey #international trade

CNBC – Singapore reshapes its supply chains to stay resilient against shocks like the coronavirus

September 29, 2020

Original video by cnbc.com

Singapore reshapes its supply chains to stay resilient against shocks like the coron....

#blockchain technology #digital trade documents #ecosystem

Blockchain can shield banks from billion-dollar trade finance scandals, says exec

September 7, 2020

Original article by Coin Telegraph. Written by Mohammad Musharraf

Blockchain can help the trade finance industry prevent billion-dollar scandals and ease trade financing, ....

#blockchain #ecosystem #funding

#dltledgers in advanced talks to raise US$9M Series A

July 16, 2020

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dltledgers, Singapore
Block 81 Ayer Rajah Crescent, #01-65, JTC LaunchPad@One-North, Singapore 139967
Contacts
+65 68168180
sglabs@dlt.sg

dltledgers Centre, India
CED, Red Cross Road, Trivandrum 695035, India
Contacts
+91 9847074974
inlabs@dlt.sg

dltledgers MENA

AL Maqam Tower, Abu Dhabi Global Market.
Abu Dhabi.
United Arab Emirates.
Contacts
+971 2 418 7626

dltledgers,Japan
3F, Shinjuku DaiNana Hayama Building, 1-36-2 Shinjuku, Shinjuku-ku, Tokyo 160-0022, Japan

dltledgers New Zealand
Contacts
Ramprakash Govindarajulu
rampg@dlt.sg

+64 210 284 5998
Raj Vangala
rajirv@dlt.sg
+64 21 960 863

dltledgersThailand

Contacts
K.Yuthadej
yuthadejp@dlt.sg
+66 82 844 4459

dltledgers
Hong Kong - Partner

Contacts
Ryan Wen
ryan.wen@novus-consulting.com

Stationed Mumbai Head
Ranjan Raj
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Resources
About
dltledgers MENA
AL Maqam Tower, Abu Dhabi Global Market.
Abu Dhabi.
United Arab Emirates.
dltledgers Centre, India
CED, Red Cross Road, Trivandrum 695035, India
QUICK LINKS
Stationed Mumbai Head
Ranjan Raj
dltledgers, Japan
3F, Shinjuku DaiNana Hayama Building, 1-36-2 Shinjuku, Shinjuku-ku, Tokyo 160-0022, Japan
dltledgers, Singapore
Block 81 Ayer Rajah Crescent, #01-65, JTC LaunchPad@One-North, Singapore 139967
ABOUT #dltledgers
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