Finastra Partners Integro Technologies to Offer Trade Finance Integration

Finastra, a provider of financial services software and cloud solutions, has announced a partnership with Integro Technologies, a subsidiary of Aurionpro, to offer an integration of their respective solutions for trade finance.

This integration is aimed at enhancing trade finance and supply chain finance through the combination of Integro's SmartLender solution with Finastra's Trade Innovation solution. The SmartLender Trade Limits is a digital trade limits system that provides exposure risk management for the trade finance process, while the Trade Innovation solution offers open connectivity to networks and automates compliance and document checking tasks using AI and machine learning. This solution can help banks move towards paperless trade, increase automation, and respond to market requirements more quickly.

With SmartLender Trade Limits and Trade Innovation in a single offering, not only will banks be able to reap the benefits of end-to-end digitalization, but they will also gain the ability to manage exposure risk throughout the trade finance process.

"We are excited to offer this new capability to our customers and look forward to future success with Integro," said Iain MacLennan, Vice President, Trade & Supply Chain Finance, Finastra.

Shekhar Mullatti, CEO at Integro Technologies, also comments, "We are excited to partner with Finastra on this journey to enhance digital transformation, accelerate growth, and improve efficiencies in trade processes across the world."