Transforming Trade Finance
IBM and Finastra are collaborating on the IBM Connected Trade Platform to digitize the Trade Finance industry.
Banks can seize this opportunity to provide their corporate customers with a differentiated customer experience in a period when those customers are facing a great deal of change in the business environment and need trade finance options that adapt with them. Digitization can help decouple revenue from labor costs, potentially allowing banks to grow their trade finance businesses and maintain margins even in a tight labor market.
Even with fintechs innovating and creating effective point solutions, it takes years to develop the kind of complete, endto-end approach that banks need to differentiate in 21st century trade finance.
Currently available through IBM Consulting, the IBM Connected Trade Platform is designed around Trade Innovation from Finastra, which provides the core trade finance processing capability for this solution and will leverage its current and future integrations with fintechs to address banks and corporate expectations.
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