Option 1: Both banks and customers use Organiser via the pitstop portal
Pros:
- Financing documents can be sent in one package using Organiser
Cons:
- Feature will only be available on 16 May with our Beta release
- API integrated participants will have to use the pitstop portal to send documents rather than leveraging their built-in APIs until v2.0 is released in Sep 2022
Option 2: Banks use the single data element sharing mechanism via the pitstop portal. Customers use a similar mechanism or API (depending on their mode of integration with SGTraDex) to send data to the banks
Pros:
- Customers can leverage on the APIs they have already built, realizing operational efficiencies
Customers do not need to send data via SGTraDex via 2 different modes (API/pitstop portal)
Cons:
- Banks will need to string data elements together for that particular transaction i.e., a manual effort