Trade Finance
Digital trade finance, from application to settlement with Finastra Trade Innovation.
We are Finastra partners and facilitate end-to-end trade finance solution implementation built on Finastra Trade Innovation, combining proven global trade Finance processing and operations.
End-to-end trade finance solution implementation built on Finastra Trade Innovation
Trade finance is still one of the most paper-heavy areas of banking. Finastra’s Trade Finance solution, built on Finastra Trade Innovation, brings every trade product into one platform, from letters of credit and guarantees to collections and trade loans. We add a modern corporate front-end portal, AI that reads and checks trade documents, and automated compliance screening so your teams spend time on judgment, not data entry.
Product coverage
Import and export LCs, transferable and back-to-back LCs, standby LCs
Issued and received bank guarantees, counter-guarantees, claims handling
Import and export collections, acceptance and payment tracking
Pre-shipment and post-shipment finance, import loans, invoice financing, supply chain financing etc.
Issuance and release against arriving documents
KEY FEATURES
Finastra Trade Innovation
clients apply, amend, upload documents, approve and track transactions online, with template-based applications.
configurable maker-checker workflows, task queues and SLA tracking across branches and trade operations centres.
full support for SWIFT trade message categories, with readiness for ISO 20022 trade messaging.
processing aligned to UCP 600, URDG 758, URC 522 and ISP98.
integration with credit limits and collateral, plus configurable fees, commissions and charges.
automated accounting entries, general ledger posting and settlement through the Payment Hub.
sanctions, vessel, dual-use goods and trade-based money laundering checks built into the workflow.
one platform for multiple countries, legal entities and languages.
exposure, pipeline, turnaround time and regulatory reporting.
AI and automation
Streamline trade finance operations with AI-powered document processing, intelligent screening and automated workflows to reduce manual effort, improve accuracy and accelerate transaction processing.
AI extracts data from bills of lading, commercial invoices, insurance certificates and certificates of origin, removing manual keying.
presented documents are checked against LC terms and ICC rules, and likely discrepancies are flagged with reasons for the checker to confirm.
clean, low-risk transactions move from application to issuance without manual touch.
AI ranks sanctions and trade-based money laundering alerts, cutting false positives so investigators focus on real risk.
generative AI drafts LC wording, explains clauses and summarises transaction history for staff.
automatic task routing, reminders for expiring LCs and guarantees, and SLA breach alerts.
Benefits
| Benefit | What it means for financial services providers |
|---|---|
| Faster turnaround | Automated data capture and checking shorten issuance and examination time |
| Lower operating cost | Less manual keying and fewer handoffs in trade operations |
| Stronger compliance | Consistent screening and an audit trail on every transaction |
| Better client experience | Corporates apply and track online, with full visibility of status |
| Proven core | Built on a trade platform used by banks worldwide |
| Scalable growth | Handle more volume without growing operations headcount at the same rate |
