Finastra Trade Innovation, integrated with CredAble's supply
chain finance platform, enables banks to grow their trade and
supply chain finance business and deliver enhanced customer
experiences
LONDON, July 23,
2024 /PRNewswire/ -- Finastra, a global provider of
financial software applications and marketplaces, today announced
its partnership with CredAble, a working capital finance platform,
to expand the functionality of Finastra Trade Innovation.
CredAble's feature-rich platform is now integrated with the
solution, providing new and existing customers with a comprehensive
supply chain finance offering. As a result, banks can accelerate
their revenue growth, expand their business and increase customer
satisfaction by offering corporates a wider range of financial
services within a single platform.
"In today's tough economic climate, it is more important than
ever that corporates optimize their working capital and maintain
real-time liquidity for long-term growth," said Satyam Agrawal, Global Head of Product &
Retail Business Lending, MD ASEAN & ME at CredAble. "By
combining our AI-powered supply chain finance platform with
Finastra's leading trade finance solution and global reach, we are
delivering a holistic, front-to-back trade and supply chain finance
offering to more banks worldwide. This enables them to broaden and
enhance their operations to facilitate business growth, while
ensuring the services they offer continue to meet the demands of
corporates today."
Trade Innovation is a trade services platform that uses
straight-through processing, digitalization and data analytics to
enable intelligent trade for growth, and to evolve with compliance,
customer and competitive demands. CredAble is a working capital
platform that enables banks to provide extensive supply chain
financing solutions, serve diverse enterprise and small and
medium-sized (SME) businesses, and unlock lucrative revenue
opportunities. The partnership combines best-of-breed functionality
to provide an enhanced, end-to-end offering for trade and supply
chain finance.
"To facilitate truly innovative, relevant and open trade finance
services, our partner ecosystem plays an important role," said
Anastasia McAlpine, Head of Product
Management for Trade and Supply Chain Finance at Finastra. "By
augmenting the functionality of Trade Innovation with CredAble's
feature-rich supply chain finance offering, we are giving our
current and future customers access to a wider array of services
that allow them to meet the growing needs of their customers. The
partnership ensures institutions can continue to innovate at speed,
decrease time to value and utilize data for decision making across
the whole of their working capital and supply chain finance
portfolio, ultimately supporting increased growth for both their
business and that of their customers. It's another example of how
Finastra is harnessing the power of open finance and APIs to build
powerful ecosystems that deliver additional value."
About Finastra
Finastra is a global provider of financial software applications
and marketplaces, and launched the leading open platform for
innovation, FusionFabric.cloud, in 2017. It serves
institutions of all sizes, providing award-winning software
solutions and services across Lending, Payments,
Treasury & Capital Markets and Universal Banking (Retail,
Digital and Commercial Banking) for banks to support direct banking
relationships and grow through indirect channels, such as embedded
finance and Banking as a Service. Its pioneering approach and
commitment to open finance and collaboration is why it is trusted
by over 8,000 institutions, including 45 of the world's top 50
banks. For more information, visit finastra.com
Logo -
https://mma.prnewswire.com/media/1916021/4823354/FINASTRA_Logo.jpg
View original content to download
multimedia:https://www.prnewswire.com/news-releases/finastra-partners-with-credable-to-deliver-a-holistic-supply-chain-finance-offering-to-banks-globally-302202910.html
SOURCE Finastra