Tag: finastra

New chat tool said to address a growing knowledge gap in the trade finance industry.

Partnership between LPBank and Finastra to digitise the bank’s treasury offerings highlights the continuing transformation of Vietnam’s banking sector in 2024, but treasury talent could be an issue.

The new end-to-end digital solution reduces the traditional letter of credit lifecycle by up to seven days, freeing up working capital for corporates.

The agreement provides Finastra’s bank customers access to Visa Direct, allowing them to offer real-time cross-border payment options to SME clients.

The banking-as-a-service (BaaS) solution will allow HSBC to distribute its foreign exchange (FX) services to clients, as global trends increase the need for around-the-clock access to liquidity.

The goal is to drive digital transformation among banks through a new solution that optimises trade and supply chain finance processes.

While its application for treasury remains low, BaaS has strong growth potential, Finastra believes.

The two partners plan to offer digital treasury management as a service, targeting smaller banks in India and the Philippines, in addition to lenders in Northern Europe and North America.

Part of the ‘second wave’ of IFRS9 late adopters, Indonesia is finding that time is running out even on its extended 2020 deadline. A European fintech provider, however, says its software could make it smoother.