Finastra has announced that NBP (National Bank of Pakistan) has implemented Finastra’s Fusion Trade Innovation solution to power its trade finance operations. InfoTech, a leading systems integrator and Finastra’s exclusive authorised and certified reseller in Pakistan, led the deal and implemented the solution, which will enable NBP to lower transaction costs and provide corporate customers with a superior user experience.
“In the digital age it is important to have the right systems in place to give customers the best possible experience, so Digital Transformation has been a key priority for us,” said Imran Farooqui, SEVP & Group Chief, Operations, NBP. “Having already built a relationship with Finastra and InfoTech, we are confident in their industry-leading offerings and the ongoing service they provide after implementation. Fusion Trade Innovation will give us the tools we need to modernise, future-proof and ultimately grow our business.”
Finastra’s end-to-end working capital solution, Fusion Trade Innovation, is a leading booking engine. It includes capabilities for frictionless trade and supply chain finance, including buyer and seller loans, letters of credit, collections, guarantees and government support for export credit and SME loans. Fusion Trade Innovation gives banks control with a development toolkit that enables them to deliver change themselves, all within a solution that is maintained by Finastra. This future-proofing feature provides a more predictable total cost of ownership and enables banks to maintain a clear upgrade path.