The Golden Age of Fraud

Cyber-fraud is booming and faking a document has never been easier. Remote work and stricter regulations put operations and trade finance teams under strain. Lenders seek more comfort over transactions. The industry is more reliant on documents than ever before.

• Cyber-fraud is increasing
• Remote work and regulations strain teams
• Lenders require more transaction comfort
• Document reliance is at an all-time high

What is Trakk for?

Trakk enables easy verification of document origin, locks document content, and provides visibility on document status through a real-time audit trail.

• Genuine Documents: Easy verification of origin, entity, and issuer
• Immutable Content: Document content cannot be changed or falsified
• Visibility on Status: Real-time audit trail of document activities

Why choose Trakk?

Trakk secures operations, eliminates call-backs, simplifies change management, and brings comfort to lenders.

• Secure your operations
• No more call-backs
• Easy change management
• Bring comfort to lenders

Document Library

Register any digital document (.pdf) with a unique hash stamped on the Komgo ledger. Build a unique documentary audit trail to guard against fraud and falsification.

• Add activities to build audit trails
• Audit trail visible during verification
• Users can participate in building audit trails (onboarding required)

Trakk Banner

A visual banner on registered documents confirms identity and date of registration, leveraging Trakk's brand as a source of trust.

• Timestamped documents with physical banner
• Banner provides key information and trust cue

Document Audit Trail

Trakk allows users to add activities to documents, building a unique audit trail visible during verification. Verification can be done by anyone.

• Build unique audit trails
• Audit trail visible during verification
• Verification open to all (no onboarding required)

Verification Widget

Deploy a verification page or widget on your website for partners to verify documents. The widget is white-label and customizable.

• Verification page/widget for corporate websites
• Customizable to fit brand identity

More benefits for managers and users

Trakk mitigates fraud risk, builds trust, adds status to documents, enables easy change management, gives data control, and traces every step in document workflows.

• Mitigate fraud risk
• Raise alerts for discrepancies
• Build an ecosystem of trust
• Add status to trade documents
• Easy change management
• Control your data (only hash registered on chain)
• Trace every step with verified counterparties

Global Trade Konnect

Manage, automate, report. Trusted by 200+ corporates.

Unified Access to All Trade Finance Communication Channels

GTK integrates all existing trade finance communication channels into one platform, providing seamless, centralized access.

• Emails alone can’t efficiently aggregate all trade finance communications.
• Relying on a single communication channel is no longer enough.
• GTK absorbs complexity by integrating all channels.

Powerful AI-Driven Trade Finance Workflows

GTK leverages digital capabilities to monitor trade finance instruments and collaborate at scale, providing an ideal transition to digital trade finance.

• Optimized management of Letters of Credit, Standby Letters of Credit, Bank Guarantees, Corporate Guarantees, and Surety Bonds.

Comprehensive Features for Seamless Trade Finance Management

• Full lifecycle management of trade instruments
• Automated fee calculation and forecast
• Price quotations and bid selection
• Real-time credit line monitoring
• Digitalized internal workflows
• Configurable reporting engine
• Intuitive user interface

Real Stories: How Clients Use Global Trade Konnect

DFI Retail Group, Siemens Healthineers, and Baker Hughes use GTK to digitalize and automate trade finance operations, resulting in streamlined processes and tangible ROI.

The One-Stop-Shop for Digital Trade Finance

• SBLC and Guarantee Issuance (GTI)
• Letter of Credit Issuance (LCI)
• Documentary Collection Import (DCI)
• Received SBLC and Guarantee (GTR)
• Letter of Credit Export (LCE)
• Documentary Collection Export (DCE)
• Contract Management System (CMS)

Deploying Global Trade Konnect

• Schedule an Introductory Call
• Confirm Project Scope
• Tailored Demo Session
• Complete Your Subscription

Swift Certified Corporate-to-Bank Trade Finance Platform

The 2024 Swift certificate confirms that the application complies with the SCORE standards outlined in the Swift guide, ensuring that all SCORE messages and associated processes are managed accordingly. SWIFT certification validates adherence to industry standards and protocols in secure financial messaging, facilitating secure communication between corporates and financial institutions and ensuring compliance with global financial regulations and standards.

What is a Digital Instrument Certificate?

Komgo’s Digital Instrument Certificate provides transparency to all transaction stakeholders with real-time access to the data and status of Issued Bank Guarantees, Import LCs, and Import SBLCs. It consolidates all key information and status updates, ensuring accurate, real-time data and a reliable, verified source of truth.

• Linked to a financial instrument
• Consolidates key information and status updates
• Available between Konsole and @GlobalTrade
• Eliminates delays and inaccuracies

How Does It Work?

Upon issuance of an instrument using Komgo’s solutions, a Digital Instrument Certificate is automatically generated and securely registered on Trakk. The certificate can be shared as a PDF and verified for authenticity online. It includes a QR code and link for live preview and real-time data access.

• Automatic certificate generation
• Secure registration on Trakk (level 2 eIDAS signature)
• Shareable as PDF via email
• Authenticity verification via Trakk widget
• QR code and web link for live preview

How to use the Digital Instrument Certificate

Step-by-step process for issuers and recipients to issue, receive, share, and access the certificate and its real-time data.

• Issuer issues instrument through Komgo solution
• Applicant receives automatically generated certificate
• Certificate shared via email with beneficiary or relevant party
• Recipient opens certificate, verifies online, scans QR code or clicks link for real-time info
• No login required

Key Benefits

Transparency, accuracy, and efficiency for all stakeholders. Enables informed, confident decisions with always up-to-date data.

• Transparency: Real-time access to latest data
• Accuracy: Single, verified source of truth
• Efficiency: Streamlined sharing and access

Simple. Secure. Integrated.

The language of trade finance is as diverse as the products and geographies it covers.

Konsole connects corporates and banks

Konsole connects corporates and banks in an authenticated, structured exchange around the full life-cycle of a trade finance instrument, from opening and issuance, to amendment, presentation of documents and settlement.

Industry Benchmark

With standardized data fields, full integration capabilities and an intuitive UI, Konsole provides a benchmark reference for the industry and the best-in-class value to end-users.

What is Konsole for?

• Documentary Credit: Create efficiencies in internal and external workflows with your banks.
• Release of Goods: Secure electronic instructions which can be independently verified.
• Borrowing Base: Automate stock reconciliation with your warehouses and bring comfort to lenders.

Why choose Konsole?

• Multi-Bank: One platform to manage all trade finance exchanges with multiple banks. Covers a wide range of functionality including LCs, SBLCs, documentary collections, guarantees, LOIs, release of goods and financing requests.
• Structured Data: Standardised data fields ensure all participants share the same view of a transaction and the most up to date version of an instrument. Open APIs allow banks and corporates to interface with their own systems.
• Authenticated Messaging: Permissioned, secure and encrypted messaging recognised by leading banks for receipt of instructions and documents, with 30MB attachment capacity.
• Fully Digital Workflow: Defined signing rules and routing enable any organisation to customise and consolidate their internal and external workflows.

Standardised Data Fields

Ensure all participants share the same view of a transaction's status.

• Easy mapping integration with internal systems.
• Dedicated reference fields for corporates and banks. (incl. private fields for internal use).
• Highlighted fields show participants which data has changed during discussion and amendment.

Historical View

Manage every transaction in a single screen, which shows the entire history of messages exchanged.

• Bring all messages related to one transaction under the same thread, categorised according to the real lifecycle of the instrument.
• Track changes make it easy to see the evolution of the instrument, while a consolidated view provides all parties with the latest version at any given time.

Shared Inbox

Give your teams the tool they need to manage all interactions and exchanges in one place.

• Calendar of activities based on Konsole deadlines to track tasks with notifications and alarms.
• Dedicated reference fields for corporates and banks. (incl. private fields for internal use).

More benefits for managers and users

• Single source: Store all messages, data and documents in a single repository. Automatically bring all messages related to one transaction under the same thread.
• Integration ready: Rapid integration and mapping of data with trading systems and ETRMs.
• Better than an email: Always reach the right people and remove need for wet-ink signature. Dedicated reference fields for corporates and banks.
• Increase speed and efficiency: Easily compare versions and track changes. All participants share a consolidated view of a transaction.
• Easy change management: Intuitive and user-friendly interface requires minimal training.
• Secure remote access: Sign instructions on the go and build strong business continuity planning.

Time to Go Digital

Poorly managed onboarding and KYC can cause lengthy delays, lost revenue, potential fines and customer dissatisfaction. The requirements are increasingly complex, processes are manual and time-consuming, and compliance teams seek efficiency and transparency.

• Increasingly complex requirements
• Manual, time-consuming processes prone to human error
• Need for efficiency, transparency, and risk reduction

Why choose Check?

Check enables management of all counterparty profiles, documentation, and renewal dates online. It allows easy sharing and receiving of documentation, digitalizes processes, and provides risk monitoring with a clear audit trail.

• Manage all counterparty profiles, documentation, and renewal dates online
• Easily share and receive documentation and data with counterparties
• Modernize processes to drive efficiency and reduce manual entry
• Monitor status of each request with a clear audit trail

Live Dashboards

Organize and manage all counterparty relationships in one structured view. Monitor key tasks, dates, and metrics for each counterparty. View live status and complete audit trail.

• Organize and manage all counterparty relationships in one view
• Monitor key tasks, dates, and metrics
• View live status and audit trail for each counterparty

Data Library

Store documentation and data for each counterparty in a central repository. Review and identify missing documentation. Approve or reject information, assign tasks.

• Store documentation and data centrally
• Review and identify missing items
• Approve/reject information, assign tasks

Counterparty Portal

Send requests for data and documentation to counterparties via the portal. Share documentation proactively. Receive responses digitally, all exchanges captured in the audit trail.

• Send requests for data and documentation
• Share documentation proactively
• Receive responses digitally with audit trail

Digital Templating

Digitalize existing templates and forms. Structure information requests to benefit from received data. Create templates for different regions, counterparty types, and risk profiles.

• Digitalize templates and forms
• Structure information requests
• Create templates for different regions, types, and risk profiles

More benefits for managers and users

Increase speed and efficiency, reduce manual errors, avoid fragmentation, easy change management, trace every step, and secure remote access.

• Increase speed and efficiency
• Reduce manual errors
• Avoid fragmentation
• Easy change management
• Trace every step with audit trail
• Secure remote access