Finastra is partnering with ELCY to provide a trade finance solution for corporates.

In brief:

-The Corporate Trade Finance Portal from Finastra and ELCY will enable corporates to communicate in a secure and authenticated manner with all their banks through one centralized platform.

-Corporates will benefit from greater visibility and real-time control of all trade finance exposures across their organizations

-The transition away from the complexity of connecting to multiple bank proprietary systems and the removal of inefficient paper-based processes will also deliver significant cost and efficiency savings.

What does this mean?

“Finastra is thrilled to build on our long-term relationship with ELCY through a global collaboration that creates immediate value for both parties,” said Jaime Lynn, Vice President, Enterprise Solutions, Finastra.