Finastra Named Best Global Trade Finance Software Provider

Global Finance award recognizes Finastra's advanced capability and innovative technology in this space

News provided by

Jan 20, 2020, 11:08 ET

LONDON, Jan. 20, 2020 /PRNewswire/ -- Finastra has been named best global trade finance software provider by Global Finance at the Trade Finance Awards 2020. The accolade was announced at an awards ceremony held at the BAFT Global Annual Meeting in Frankfurt last week. It recognizes Finastra for its innovative technology in the trade and supply chain finance space.

Photo shows left to right: Mike Walker, Head of Working Capital Finance, Asia Pacific at Finastra collecting the award from Global Finance Publisher and Editorial Director, Joseph Giarraputo (PRNewsfoto/Finastra)

Torsten Pull, Senior Vice President & General Manager for Corporate Banking at Finastra said, "It's a great honor to be awarded the world's best trade finance software provider with our solution that embraces Open Banking and the buildout of an innovative ecosystem, via our platform FusionFabric.cloud. The win reflects our commitment to helping banks compete, stay relevant and future-proof their international trade finance business in today's challenging marketplace."

The editorial review board of Global Finance selected the best trade finance providers based on entries from banks and others, as well as input from industry analysts, corporate executives and technology experts. Criteria for choosing the winners included: transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies.

Joseph Giarraputo, Publisher and Editorial Director at Global Finance Magazine said, "Finastra has a strong track record in trade finance. Its trade and supply chain software solutions enable hundreds of banks to more easily leverage the latest technologies, including cloud computing, advanced data analytics, big data, application programming interfaces and distributed ledger, to digitize their trade finance business and enhance user experience for their corporate customers."

Finastra's trade and supply chain finance solutions power over 200 trade finance banks around the world, enabling corporate banks to adapt, with intelligence, insight, and innovation at the core, in line with ever-changing client demands.

The full list of winners can be found here.

About Finastra

Finastra unlocks the potential of people and businesses in finance, creating a platform for open innovation. Formed in 2017 by the combination of Misys and D+H, we provide the broadest portfolio of financial services software in the world today—spanning retail banking, transaction banking, lending, and treasury and capital markets. Our solutions enable customers to deploy mission critical technology on premises or in the cloud. Our scale and geographical reach means that we can serve customers effectively, regardless of their size or geographic location—from global financial institutions, to community banks and credit unions. Through our open, secure and reliable solutions, customers are empowered to accelerate growth, optimize cost, mitigate risk and continually evolve to meet the changing needs of their customers. 90 of the world's top 100 banks use Finastra technology.

Please visit finastra.com.

For further information please contact:

Caroline Duff
Global Head of PR
T +44-(0)-20-3320-5892
E [email protected]

finastra.com

Harriet Pickering
PR Manager EMEA
T +44-(0)-20-3320-5317
E [email protected]

finastra.com