By Leandra Monteiro
- Core Processors
- Digital Transformation
Singapore mainboard listed Silverlake Axis Ltd has entered into a strategic partnership agreement with Finastra, a global provider of financial software applications and marketplaces.
Under the agreement, Silverlake will be able to offer Finastra’s trade finance solutions including Fusion Trade Innovation and Fusion Corporate Channels to customers in ASEAN in addition to its extensive 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 underpin the operations of corporate banks seeking to tap into the intra- and extra-ASEAN trade network.
Eric Duffaut, President and Global Head of Customer Relations of Finastra said, “Coming together with Silverlake creates a unique opportunity to deliver world class front-to-back working capital finance solutions across ASEAN. 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.”
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.
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.
Andrew Tan, Group Managing Director of Silverlake Axis, said, “From the onset, we recognized that our partnership with Finastra needed to be an impactful one to our customers and prospects alike. Combining Silverlake’s deep understanding of complex technical solutioning 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.”