Finastra launches supply chain finance for banks

Finastra, the London-based financial software firm, has launched a cloud-native supply chain finance platform that lets banks digitise payables and receivables and automate supplier financing.

The platform supports early-payment and dynamic discounting programmes and manages onboarding, credit limits and transaction workflows through a cloud interface. It is designed to enable buyer-led supplier financing and to allow invoices to be financed earlier in the supply chain.

Automation covers invoice capture, approval flows and settlement instructions. The platform includes reporting and audit trails to support compliance and risk monitoring. Banks can offer multiple financing options to suppliers, including early-payment programmes funded by the buyer’s bank or by third-party funders.

Built with open APIs, the product integrates with banks’ core systems, treasury platforms and third-party services such as identity verification and payments rails. The connectivity is intended to shorten onboarding times and improve straight-through processing for trade transactions.

Additional features include dashboard visibility for buyers and suppliers, configurable credit controls, transaction-level analytics, multi-currency handling and support for multi-bank participation, allowing lenders to pool demand or operate alongside other banks on a single programme.

Finastra said the platform will be available globally through its cloud infrastructure and that it will provide implementation support and work with banks to configure workflows and reporting. Deployments can be staged to match clients’ operational readiness.

The company, formed in 2017 through the merger of Misys and D+H, supplies banking and payments software to a range of financial institutions and has expanded its cloud and API capabilities in recent years.