BRAC Bank Implements New Trade Finance Platform with Finastra
BRAC Bank, a leading private commercial bank in Bangladesh, has launched an enhanced trade finance platform powered by Finastra's solutions. The new system integrates Trade Innovation and Corporate Channels from Finastra along with Conpend’s Trade AI to streamline operations for corporate clients. The implementation aims to improve efficiency through digital transformation, enabling straight-through processing and real-time visibility across the trade lifecycle. It supports compliance with evolving standards like ISO 20022 and Swift SR2026 while offering a scalable foundation for future growth. BRAC Bank's CEO emphasized that this move aligns with its goal of becoming Bangladesh’s preferred trade bank by delivering superior customer value. Finastra highlighted the importance of modernizing trade finance to meet growing business demands, noting how technology can simplify operations and enhance client experiences.
Topics: banking technology digital transformation trade finance