Finastra partners Tesselate for digitizing trade finance.

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Finastra has partnered with consultancy Tesselate to simplify the process of digitalisation in trade finance. The collaboration will enable banks in the US to automate manual processes using Finastra’s Trade Innovation and Corporate Channels platform. The partnership follows Finastra’s alignment with Microsoft in trade finance, and comes as the trade finance sector is experiencing a foundational shift towards ecosystem-based offerings that include trade loans, discounting loans and supply chain finance, as well as additional services.

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