Singapore-based banking solutions provider Silverlake Axis Ltd. (Silver Axis) will begin offering financial software applications vendor Finastra trade finance solutions after the companies sealed their partnership earlier this month.
Silver Axis will be able to provide Finastra’s Fusion Trade Innovation and Fusion Corporate Channels to customers in the Asean region in addition to its other line of universal banking offerings.
Branded as “Silverlake Vision Trade Finance,” the collaboration aims to provide an end-to-end suite of solutions that can support the operations of corporate banks seeking to tap into the intra- and extra-Asean trade network.
“Coming together with Silverlake creates a unique opportunity to deliver world-class front-to-back working capital finance solutions across Asean,” said Eric Duffaut, president and global head of Customer Relations of Finastra, in a media release. “Silverlake and Finastra’s respective strengths complement each other in a way that will enable us to reach even more financial institutions in the region, helping to accelerate digital transformation, fuel their growth and drive competitiveness.”
Silverlake Vision Trade Finance is a unified trade finance platform designed to streamline and automate domestic and international working capital finance, including documentary trade and undertakings, financing and trade loans, and supply chain finance. This robust operation hub is further complemented by next-gen channel capabilities that provide a frictionless interface for corporate clients across all product relationships.
Where prevailing, inefficient manual processes would take days to complete, the proven solutions behind Silverlake Vision Trade Finance are able to accomplish equivalent tasks in just hours. The reduction of time, error, and opportunity costs, especially in the high-value nature of trade financing, delivers a technological edge.
“From the onset, we recognized that our partnership with Finastra needed to be impactful to our customers and prospects alike,” said Andrew Tan, group managing director of Silverlake Axis. “Combining Silverlake’s deep understanding of complex technical solutions with Finastra’s expertise in trade finance helps us create cutting-edge, relevant solutions for our clients to grow, transform, and compete in the post-pandemic world.”
Through the support of Silverlake’s and Finastra’s team of subject-matter experts, clients are now able to strengthen their trade finance transformation roadmaps with globally accredited consulting know-how, spanning from product conceptualization to project management, implementation, and testing.