Finastra and TradeSun revolutionise trade finance with AI-driven ESG scoring

Finastra and TradeSun revolutionise trade finance with AI-driven ESG scoring

Finastra has recently made a significant enhancement to its Trade Innovation technology by integrating AI-powered ESG scoring capabilities, in partnership with CoriolisESG from TradeSun.

This innovative feature allows users to manage trade and supply chain finance more effectively, offering in-depth insights into the sustainability of their trade activities and enabling better management of their environmental, social, and governance impacts.

Head of Trade and Supply Chain Finance at Finastra, Iain MacLennan, emphasised the growing necessity of sustainability in trade. “Sustainability is a growing imperative in the world of trade and with the continued emergence and development of regulations in this space, organizations must ensure they can measure their impact to help meet the worldwide ESG mandates and understand where risk can be better managed.

“That vision is now possible for users of our Trade Innovation technology. Delivering this out-of-the-box integration aligns closely with our company purpose to unlock the power of finance for everyone and our mantra of ‘doing well by doing good’. We look forward to helping our customers gain valuable insights into their ESG data for trade.”

The advanced solution enhances business intelligence and resilience by measuring key entity data against globally recognised frameworks like the UN Sustainable Development Goals and the EU Taxonomy. It provides users with critical insights into international business activities, helps in risk assessments, ensures compliance with regulations, evaluates geopolitical risks, and conducts thorough due diligence and supply chain analysis.

Nigel Hook, Founder and CEO at TradeSun, shared his enthusiasm about the collaboration. “We’re really pleased to be a fintech partner for Finastra. This integration of TradeSun’s CoriolisESG technology into Finastra’s user base provides more businesses with economical solutions that help advance their wider sustainability goals. Together we are accelerating sustainable global trade flows, with intelligent and scalable technology to measure impact and to help ensure a better future for all.”

The partnership includes the full TradeSun Intelligence platform capabilities such as OCR, document checking, real-time compliance, and global markets analytics. This comprehensive trade digitisation product is designed with ESG assessment features, adhering to the ICC Principles for Sustainable Trade, Wave 2, Pilot Program.

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