Revolutionizing the Financial Markets

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Lead Story
Herve Lacorne,
CEO Trade Solutions Group
Herve Lacorne, Banker and technology entrepreneur with over 25 years of global financial
services experience. Head of international banking for Imperial bank, Los Angeles. Founder
and CEO of Trade Solutions Group, the first cloud based foreign exchange, trade finance and
global payment platform.
Trade Solutions Group adds
WInstant Payments to the
TSG Platform
These days it seems like everyone is creating an e-wallet. The TSG
platform has offered foreign currency accounts for over a decade so
we felt our foreign currency account functionality was the solution
for a wallet which empowers global trade instantly. We just launched
WInstantPay where businesses and individuals could pay each other
in any currency online real-time across the world.
One of the opportunity is that current payment platforms are
meant for corporates or individuals
The key differentiators are the following:
1. Global multicurrency: Our platform was built for global trade
and clients can hold any currency they wish with their bank of
preference. The platform supports any currency including digital
currencies, cryptocurrencies, or points. Directional pricing allows
for additional spreads facilitating pricing of restricted currencies.
2. Not a bank: We are a technology solution and enable the banks
and other regulated institution to deliver the service.
3. DBA and Anonymity: There are many reasons why payer and
payee may not want to share their identity with each other. Many
merchants do not need to know your identity this remain one of
the reason why many privacy conscious people still use cash.
4. AML compliant: Privacy is important but prevention of money
laundering or terrorism financing is most important. Cross border
payments have reporting requirements which are filtered and
reported to the proper authorities. For example, a transfer is
made from Australia to the US must be reported to AUSTRAC.
5. Legacy compliant: Our system allow has direct interface with Fed
wire for US dollar transfer, SWIFT, RTGS payments, Earthport and
Bank of America global payment platform.
6. Business and individual: Clients can be business or individual
and are able to manage their account with the appropriate
controls.
7. Finality: all payments are final, eliminating the need for
chargeback same finality as cash.
8. Multiplatform: Although it is now released for the web, the
mobile platform will be available shortly along with interfaces to
other platforms.
Winstant Pay. Privately compliant.
Cross-border. Multi-currency.
Notion Press is extremely proud to present authors Partho Chakraborty and Arvind Sonmale who are creating waves
in the finance sector with their book – Factoring: A Powerful Tool in the World of Finance, which is now available to
readers all over the world! www.notionpress.com/read/factoring#learnmore
The book is a perfect culmination of the efforts of two of the shrewdest financial minds in India. This book attempts
to break the boundaries of classical factoring and change the way we see and use it. The factoring we see today can be
considered the classical form of factoring or the vanilla type.
Customers these days are very discerning and want more than the vanilla type of factoring. Since companies and
banks offering Factoring struggle to go beyond this, an endeavour to solve the problem is the basis for this book.
This book, divided into 3 parts, goes beyond the classical type of Factoring with a lot of examples and some live
cases. It has pictures that are unique as it gives information on and traces our history on ancient monetary system. It is
a must read for everyone and serves a reference point for modern Factoring.