Global Financial Software Provider Finastra Partnering with CredAble, a working capital financing platform, Trade Innovation Platform We provide comprehensive supply chain financing.
The collaboration aims to provide banks with integrated solutions that will help them increase revenue, scale their business and improve customer satisfaction by offering a wider range of financial services.
Finastra’s trade services platform, Trade Innovation, leverages digitalisation and data analytics to drive intelligent trade.
By integrating CredAble’s working capital financing capabilities, the platform can now offer end-to-end solutions to both large and small businesses.
“By combining our AI-powered supply chain finance platform with Finastra’s leading trade finance solutions and global reach, we will be able to offer comprehensive front-to-back trade and supply chain finance services to more banks around the world.”
This enables companies to expand and strengthen their operations to drive business growth, while ensuring the services they offer continue to meet the demands of today’s enterprises.”
Satyam Agrawal, MD, ASEAN & ME and Global Head of Products and Retail Business Lending at CredAble said:
“Enhancing Trade Innovation’s capabilities with CredAble’s feature-rich supply chain finance services will provide our current and future clients with access to a broader range of services to address their growing needs.”
“This partnership will enable financial institutions to continue to innovate faster, accelerate time to value and leverage data to inform decision-making across their working capital and supply chain finance portfolios, ultimately driving growth for both their own businesses and their clients.”
Anastasia McAlpine, head of product management for trade and supply chain finance at Finastra, said:
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