Finastra Partners With Integro Technologies for Frictionless Trade Financeby Fintech News Singapore February 22, 2023
Financial services software and cloud solutions provider Finastra has partnered with Aurionpro’s subsidiary Integro Technologies for frictionless trade finance.
Banks will now be able to combine Integro’s SmartLender solution’s advanced exposure risk capabilities with Finastra’s Trade Innovation solution’s front-to-back capabilities for frictionless trade and supply chain finance.
SmartLender Trade Limits is a comprehensive digital trade limits system that enables exposure risk management at every stage of the trade finance process.
Meanwhile, the Trade Innovation solution provides open connectivity to networks, the creation and management of digital original documents, as well as the automation of compliance and document checking tasks using AI and machine learning.
Using the solution, banks can accelerate their move to paperless trade, enable greater automation in their operations, and respond quicker to market requirements.
“With SmartLender Trade Limits and Trade Innovation in a single offering, not only will banks be able to reap the benefits of end-to-end digitalisation, but they will also gain the ability to manage exposure risk throughout the trade finance process.
We are excited to offer this new capability to our customers and look forward to future success with Integro.”
said Iain MacLennan, Vice President, Trade & Supply Chain Finance, Finastra.
“The best of breed capabilities of Trade Innovation, combined with the granular Limits Management capabilities of SmartLender Trade Limits, will give customers a competitive edge to expand and scale their trade and supply chain businesses with effective risk management.
We are excited to partner with Finastra on this journey to enhance digital transformation, accelerate growth, and improve efficiencies in trade processes across the world.”
said Shekhar Mullatti, CEO, Integro Technologies.