Finastra has announced its partnership with CredAble, a working capital finance platform, to expand the functionality of Finastra Trade Innovation.
CredAble’s feature-rich platform is now integrated with the solution, providing new and existing customers with a comprehensive supply chain finance offering. As a result, banks can accelerate their revenue growth, expand their business and increase customer satisfaction by offering corporates a wider range of financial services within a single platform.
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Satyam Agrawal, Global Head of Product & Retail Business Lending, MD ASEAN & ME at CredAble, said: “In today’s tough economic climate, it is more important than ever that corporates optimise 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.”
The partnership combines best-of-breed functionality to provide an enhanced, end-to-end offering for trade and supply chain finance
Anastasia McAlpine, Head of Product Management for Trade and Supply Chain Finance at Finastra, added: “To facilitate truly innovative, relevant and open trade finance services, our partner ecosystem plays an important role. 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. It’s another example of how Finastra is harnessing the power of open finance and APIs to build powerful ecosystems that deliver additional value.”
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