CredAble has announced its collaboration with Finastra to enhance the capabilities of Finastra Trade Innovation. CredAble’s platform has now been incorporated into the solution, giving new and existing customers a full supply chain finance offering. With this collaboration, banks can raise revenue growth, speed up business expansion, and improve customer satisfaction by providing corporates with a broader choice of financial services through a single platform.
Satyam Agarwal, Global Head – Product and MD ASEAN and ME, CredAble, expressed, “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.”
This collaboration combines top-tier features to deliver a superior, end-to-end service for trade and supply chain financing.
Anastasia McAlpine, Head – Product for Trade and Supply Chain Finance, Finastra, said, “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 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.”
CredAble, a working capital platform, empowers banks to provide comprehensive supply chain finance solutions, catering to both large enterprises and SMEs, and generating attractive revenue opportunities.