The integration of CredAble's Working Capital Finance Platform with Finastra Trade Innovation allows banks to expand their trade and supply chain finance operations and provide improved customer experiences.
CredAble has formed a cooperation with Finastra to enhance the capabilities of Finastra Trade Innovation, a financial software platform, by leveraging CredAble's working capital technology.
CredAble's platform has been linked with the solution, allowing new and existing customers a comprehensive supply chain finance service. Consequently, banks can enhance their financial performance, expedite business growth, and improve customer contentment by providing corporate clients with a broader array of financial services through a unified platform.
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Trade Innovation is a trade services platform that utilizes straight-through processing, digitalization, and data analytics to facilitate intelligent trade for expansion, while also adapting to compliance, customer, and competitive requirements.
CredAble is a platform that allows banks to offer comprehensive financing solutions for supply chain management. It caters to a wide range of businesses, including both large enterprises and small and medium-sized enterprises (SMEs), and helps banks generate profitable income streams. The cooperation combines the most superior features to deliver an improved and comprehensive solution for trade and supply chain finance.
Satyam Agrawal, Global Head of Product & MD ASEAN & ME at CredAble, said: “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.”
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.
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