Finastra Makes Trade Finance Technology More Accessible for Regional Banks
By PYMNTS
AI summary of the source article
Finastra has launched Finastra StandbyX, a cloud-enabled tool designed to help U.S. regional and mid-sized banks automate standby letter of credit flows without implementing a full trade finance platform.
Why it matters
The tool is designed to help U.S. banks digitize and automate their standby letter of credit flows without having to deploy a full trade finance platform.
Key facts
- Finastra launched Finastra StandbyX, a cloud-enabled solution for standby letter of credit (SBLC) flows.
- The solution is aimed at U.S. regional and mid-sized banks.
- It allows banks to automate SBLC flows without deploying a full trade finance platform.
Source excerpt · PYMNTS
Finastra has launched a cloud-enabled solution designed to help U.S. banks digitize and automate their standby letter of credit (SBLC) flows, without having to deploy a full trade finance platform, the company said in a Monday (Oct. 19) press release. The new Finastra StandbyX offers regional and mid-sized banks an alternative to the manual or […] The post Finastra Makes Trade Finance Technology M…