Finastra, a global provider of financial software applications, has announced a partnership with CredAble, a working capital finance platform, to enhance the functionality of Finastra Trade Innovation. This collaboration aims to provide new and existing customers with a comprehensive supply chain finance offering, allowing banks to accelerate revenue growth and expand their business.

CredAble’s feature-rich platform is integrated with Finastra’s Trade Innovation solution, enabling corporates to optimize their working capital and maintain real-time liquidity for long-term growth. Satyam Agrawal, Global Head of Product & Retail Business Lending at CredAble, emphasized the importance of this partnership in delivering a holistic trade and supply chain finance offering to banks worldwide.

Trade Innovation is a trade services platform that leverages digitalization and data analytics to enable intelligent trade for growth. The partnership with CredAble enhances the platform’s functionality, providing an end-to-end offering for trade and supply chain finance.

Anastasia McAlpine, Head of Product Management for Trade and Supply Chain Finance at Finastra, highlighted the significance of the partner ecosystem in delivering innovative trade finance services. By combining CredAble’s supply chain finance offering with Trade Innovation, Finastra aims to provide customers with a wider array of services to meet the evolving needs of corporates.

Overall, this partnership between Finastra and CredAble is set to drive innovation in trade and supply chain finance, enabling banks to enhance their operations, facilitate business growth, and meet the demands of their customers effectively.