Finastra unveils a new modular, API-first supply chain finance platform designed to streamline workflows, support large transaction volumes, and enhance operational control for banks amid growing demands for efficient working capital services.
Finastra has introduced a new supply chain finance platform for banks, broadening its trade and lending software suite with a product designed to help lenders expand working capital programmes more quickly. The company said the platform is connected to its Trade Innovation and Loan IQ systems through the Nexus API suite, giving banks a way to link trade, lending and supplier finance within a single operating framework.
According to Finastra, the platform is intended to handle the full lifecycle of a supply chain finance programme, from acquiring buyers and suppliers and completing onboarding to servicing, risk management and secondary market distribution. It also links with enterprise resource planning systems and other trade ecosystem partners, allowing banks to draw on invoice and programme data when making credit decisions and monitoring portfolios.
The product comes as banks are under pressure to improve returns from working capital services while also managing compliance demands and operational complexity. Finastra is presenting the platform as part of a wider push to make Trade Innovation more modular, cloud-ready and API-first, while tying it more closely to Loan IQ and the rest of its banking software stack. In a report on the launch, GTR said one unnamed bank is already piloting the system and is expected to go live with both products by November.
Finastra said the platform is built to help banks manage exposures, limits and information across trade finance, letters of credit, guarantees, loans and supply chain finance. It also includes support for automated distribution in secondary markets, covering pricing, limit management and reconciliation, while adding fraud detection powered by artificial intelligence, compliance screening and eligibility checks within operational workflows.
The company said the system can support very large transaction volumes, including thousands of counterparties and millions of invoices, and can be deployed either on premises or through software as a service. Vinay Mendonca, Finastra’s head of product for trade supply chain finance and corporate channels, said banks want faster routes to market for new working capital products, alongside lower costs and stronger control of operational and regulatory risks.
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