FI Question LP-Approval

Do delayed and manual approval processes of transactions negatively impact your business?

approval process

“Yes, the longer it takes, the higher  the chance that we lose the deal. Today, it can take up to a few days before we have all the approval in place. By the time we have everything together, some clients are already lost.”

 

– Global Head of FI, Large regional bank in MEA

 

How RISQ solves it:

 

At RISQ, the approval of commitment/reservation of transactions is fully automated and linked to the banks’ internal workflow. Thus, banks can approve such transactions in a matter of minutes, or if many departments are involved, in a matter of hours. Typically, RISQ is fully integrated with a trade finance transaction system, so the blockage of the line happens automatically.

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