Global financial software provider Finastra has partnered with CredAble, a working capital finance platform, to enhance its Trade Innovation platform with a comprehensive supply chain finance offering.
This collaboration aims to provide banks with an integrated solution that supports revenue growth, business expansion, and improved customer satisfaction by offering a wider range of financial services.
Trade Innovation, Finastra’s trade services platform, leverages digitalisation and data analytics to facilitate intelligent trade.
By integrating CredAble’s working capital finance capabilities, the platform now offers an end-to-end solution for both large enterprises and small to medium-sized businesses.
“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.”
said Satyam Agrawal, Global Head of Product & Retail Business Lending, MD ASEAN & ME at CredAble.
“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 utilise 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.”
said Anastasia McAlpine, Head of Product Management for Trade and Supply Chain Finance at Finastra.
Featured image credit: Edited from Freepik
