Retail Banking and Trade Finance
We are an investor of capital, technology, skills and expertise in new and emerging banks, specifically in the domains of retail banking and trade finance.
Our scope of retail banking refers to the suite of financial services offered directly to individual consumers rather than businesses or institutions. This typically includes services like savings and checking accounts, personal loans, mortgages, credit cards and other basic financial products designed for everyday banking needs. The primary goal is to manage personal finances, giving individuals access to their money, tools for saving and options for borrowing. This also includes digital services like mobile money, point of sale networks, merchant services, mobile banking apps, ATMs and online platforms for convenient access to these services.
Mighty Group includes wealth management and financial advisory services for individual customers in the retail banking domain. Our client banks are enabled to offer products like retirement accounts, investment advice and insurance options, helping customers plan for the future and manage their financial health. Retail banking aims to cater to the needs of the general public, providing a user-friendly and accessible range of financial products to individuals from different walks of life.
Our trade finance service domain refers to financial products and instruments that facilitate international and domestic trade for businesses. These are services that help companies manage the risks and complexities of buying and selling goods across borders. Trade finance includes tools like letters of credit, which guarantee payment to suppliers once certain conditions are met and export/import financing, which provides working capital to ensure smooth cash flow during the trade process. These instruments help businesses mitigate risks such as non-payment and fluctuations in currency, enabling them to engage confidently in global trade.
Banks that are able to render trade finance services help companies optimize their supply chains and manage their financial obligations more effectively. We also enable banks to provide documentary collections and guarantees, assist in foreign exchange management and offer supply chain financing to support the entire trading process. By offering these services, banks enable businesses to expand their operations internationally, ensuring that trade transactions are efficiently financed, securely completed and aligned with global regulations.