{"id":43597,"date":"2023-09-26T18:02:21","date_gmt":"2023-09-26T15:02:21","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=43597"},"modified":"2026-03-28T04:00:31","modified_gmt":"2026-03-28T01:00:31","slug":"finastra-signs-global-agreement-with-microsoft-to-accelerate-trade-platform-modernization","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/finastra-signs-global-agreement-with-microsoft-to-accelerate-trade-platform-modernization\/","title":{"rendered":"Finastra signs global agreement with Microsoft to accelerate trade platform modernization\u00a0\u00a0"},"content":{"rendered":"\n<p class=\"has-text-align-center wp-block-paragraph\">The agreement will deliver one of the leading global documentary trade and supply chain finance platforms \u2013 Finastra Trade Innovation, running on Microsoft Azure&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Dubai, UAE \u2013 September 26, 2023 \u2013&nbsp;<\/strong><a href=\"http:\/\/www.finastra.com\/\">Finastra<\/a>&nbsp;today announced<a>&nbsp;a multi-year global agreement with Microsoft focused on trade platform modernization, building on the existing availability of Finastra Trade Innovation in the cloud. Delivering the full functionality of Trade Innovation via a full microservices architecture using Microsoft Azure, will give banks increased agility, flexibility and scalability, enabling them to continue to provide service excellence to customers throughout their modernization journey.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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. Further extending the open APIs available through Trade Innovation and Finastra\u2019s open innovation platform, FusionFabric.cloud, will allow customers to leverage a vibrant digital trade ecosystem,&nbsp;supporting the digitalization of the full transaction lifecycle.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cPartnering with Microsoft builds on our joint strategic vision to help accelerate the digital transformation of financial services, and support customers on their journeys to be open,\u201d said Isabel Fernandez, Executive Vice President for Lending at Finastra. \u201cCustomers 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.\u201d&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bill Borden, Corporate Vice President, Worldwide Financial Services, Microsoft added: \u201cWe\u2019re excited to deepen our relationship with Finastra to support banks on their trade modernization journey. Using the rich functionality of Finastra\u2019s 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.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finastra Trade Innovation was recognized once again as \u201cBest in Class\u201d in the Aite Matrix of Trade Finance Software (Feb 2023) from Datos Insights (formerly Aite-Novarica Group). Enrico Camerinelli, Strategic Advisor at Datos Insights said: \u201cThe decline of manually intensive and paper trade finance operations, the continued growth of supply chain finance, and the rise of fintech players are encouraging banks to transform the status quo with API-based open banking, artificial intelligence, and data analytics. To achieve this, banks need modern, open systems and the support of industry leaders in this space, supporting them on their transformation journeys.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The agreement will deliver one of the leading global documentary trade and supply chain finance platforms \u2013 Finastra Trade Innovation, running on Microsoft Azure&nbsp; Dubai, UAE \u2013 September 26, 2023 \u2013&nbsp;Finastra&nbsp;today announced&nbsp;a multi-year global agreement with Microsoft focused on trade platform modernization, building on the existing availability of Finastra Trade Innovation in the cloud. Delivering [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":42142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-43597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO 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