haifin

Solution

Play Video

Transformative Trade Finance Solution

Tailored for financial institutions, our cutting-edge solutions harnesses the power of advanced technology to streamline and optimize trade finance operations. With a solution-driven approach, we enable banks to thrive in the dynamic global marketplace. Whether you aim to expand financing opportunities for SMEs or enhance trade processing for multinational corporations, we have the right solution for you. Explore our offerings and propel your bank's success forward.

Challenges in the industry
Manual and time-consuming processes.
Lack of transparency in transactions.
High risk of fraud and human errors
Limited visibility.
Difficulty in identifying duplicate or fraudulent invoices.
Pressurised working capital (fines and late payments)
Lack of visibility, making estimating working capital requirements difficult
Solution by haifin
Automation and streamlining
Blockchain and AI detection
Strong controls, AI detection
Real-time reporting
AI invoice validation
invoice

Invoice verification

Submission of
invoice

The bank submits invoice details to our blockchain through its private node.

Replication of data to haifin node

Essential information for fraud investigation is replicated to the our node using smart contracts.

Processing in fraud investigation engine

The fraud investigation engine receives the data and performs duplicate checks and risk assessments.

Invoice status determination

Banks are notified of the pass, fail, or inspect status based on fraud checks.

Bank's final
action

The bank’s financing decision is securely recorded on the blockchain.

Invoice verification

Submission of
invoice

The bank submits invoice details to our blockchain through its private node.

Replication of data to haifin node

Essential information for fraud investigation is replicated to the our node using smart contracts.

Processing in fraud investigation engine

The fraud investigation engine receives the data and performs duplicate checks and risk assessments.

Invoice status determination

Banks are notified of the pass, fail, or inspect status based on fraud checks.

Bank's final
action

The bank’s financing decision is securely recorded on the blockchain.

Data points processed per month
4 to 5 MN
Worth of invoices processed
AED BN
Interbank duplicates identified
AED M+
Identified as suspicious
1 USD in every USD

Empower growth with haifin

Witness the game-changing impact of haifin on trade finance, empowering banks in the digital era. Our platform seamlessly integrates blockchain technology, ensuring secure and transparent transactions while streamlining invoice verification and fraud investigation. Smart contracts replicate invoice details, enabling accurate risk assessments and eliminating paperwork.

haifin enhances financing opportunities by establishing a secure channel that cultivates trust between SMEs and banks. This platform proves particularly advantageous for SMEs confronting funding challenges, empowering them to access the necessary financial resources they require.

Transparent records and simplified processes cultivate trust, empowering banks to capitalize on growth prospects in a competitive landscape. Similarly, accessible capital fuels innovation and drives development.

Partner with haifin to safeguard your bank against fraud and errors through advanced technology and robust detection mechanisms. We deliver prompt notifications based on fraud checks to uphold transaction integrity and instill confidence. Operate with peace of mind within a secure ecosystem.

Leverage the transformative benefits of haifin and embrace streamlined trade finance. Experience simplified processes, expanded financing options, and heightened security for growth and success in the global marketplace. Join haifin’s forward-thinking approach and elevate your bank in the digital era.

Newsroom

Scroll to Top