Financial services software and cloud solutions provider Finastra have entered into a multi-year global agreement with Microsoft for trade platform modernization.

Powered by a full microservices architecture using Microsoft Azure, the Finastra Trade Innovation platform in cloud will enhance banks’ agility, flexibility, and scalability.

Expanding the open APIs offered through Trade Innovation and Finastra’s open innovation platform, FusionFabric.cloud, will enable customers to tap into a vibrant digital trade ecosystem, promoting the digitalisation of the entire transaction process.

As the expectations of corporate customers evolve, financial institutions need to deliver a seamless and engaging transactional experience across their trade finance and supply chain finance operations in support of open finance.

Isabel Fernandez, Executive Vice President for Lending at Finastra said,

“Customers are eager to transform their trade finance and supply chain offerings, and to access the latest innovations, working with partners across the ecosystem.

 

Via this agreement, existing and new customers will benefit from increased flexibility to connect, collaborate and adapt to evolving customer needs and new regulations.”

Bill Borden, Corporate Vice President, Worldwide Financial Services, Microsoft added,

“We’re excited to deepen our relationship with Finastra to support banks on their trade modernization journey.

 

Using the rich functionality of Finastra’s Trade Innovation platform and FusionFabric.cloud, combined with the power of Microsoft Azure and data and AI advancements, we look forward to helping financial institutions further accelerate innovation, increase efficiencies, enhance customer engagement and transform their operations at scale.”

Featured image credit: Bill Borden, Corporate Vice President, Worldwide Financial Services, Microsoft and Isabel Fernandez, Executive Vice President for Lending at Finastra