Finastra, a leader in financial software applications and marketplaces, has teamed up with CredAble, a specialist in working capital finance solutions.
The collaboration aims to amplify the functionalities of Finastra’s Trade Innovation platform by integrating it with CredAble’s extensive supply chain finance capabilities. This integration is poised to significantly enhance the services offered to banks, allowing them to provide a more comprehensive range of financial solutions to corporates, thereby improving customer experiences and expanding business opportunities.
Finastra’s Trade Innovation is a cutting-edge platform that utilises straight-through processing, digitalisation, and data analytics to foster intelligent trading solutions. It continually evolves to meet compliance demands and customer needs in a competitive market. CredAble, meanwhile, is a dynamic platform that helps banks deliver extensive supply chain financing, serving a wide array of business sizes and unlocking profitable revenue streams.
The partnership is expected to deliver an end-to-end, enhanced supply chain finance solution that will help banks not only increase their operational efficiency but also accelerate revenue growth. The combined offering ensures that banks can meet the evolving demands of corporates in today’s challenging economic environment.
CredAble Global Head of Product & Retail Business Lending, MD ASEAN & ME, Satyam Agrawal, said, “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.
“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.”
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