CargoX

Our partnership

Finastra and CargoX are partnering to accelerate the adoption of digital trade by integrating CargoX’s blockchain-secured electronic trade document platform with Finastra Trade Innovation. Through Trade Innovation Nexus, the partnership enables secure, scalable, and paperless document exchange, helping banks and corporates reduce fraud, improve efficiency, strengthen compliance, and streamline global trade operations. Deliver faster trade transactions, reduce document-related risk, and improve customer experience. Through the partnership between Finastra and CargoX, banks can seamlessly integrate blockchain-secured electronic trade documents into Trade Innovation, enabling efficient, paperless trade finance operations and supporting the industry's transition to digital trade.

The company

CargoX is a blockchain-secured electronic trade document platform, integrating with Finastra’s Trade Innovation solution to give carriers, consignees, shippers and banks access to the right information at the right time to enable efficient trade. Everyone operates on their own systems, creating challenges and delays in sharing data between exporters and their banks. The CargoX Platform acts as a neutral layer, allowing clients to create, process and share electronic trade documents without needing to integrate with every party in the transaction.

This is made possible by multiple APIs that allow the exchange of blockchain documents between the exporters using CargoX and the banks using Finastra. Incorporating sophisticated encryption, full audit trails, and fraud reduction capabilities, the CargoX and Finastra partnership delivers faster processing times, enhanced document security and reduced operational costs.

With more than 100,000 exporters registered and verified on the CargoX Platform, and supporting the issuance, processing and transfer of over 65 types of eTD, CargoX is helping banks and exporters reduce fraud, improve operational efficiency and lay the groundwork for the digitalization of trade finance. CargoX eliminates the delays, costs, and risks associated with paper-based trade documents. Traditional document handling can take weeks, generate up to 200 communications per shipment, and account for 15–20% of the total transport cost. Lost or delayed documents can even halt cargo release or cause major financial losses. CargoX solves this by enabling instant, secure global document transfer and a tamper‑proof audit trail