The second week of February was a notable one for Finastra, a global provider of financial services software applications, as the company completed three deals under its new Chief Executive Officer, Chris Walters.
The first move entailed the launch of assist.AI, an AI-powered assistant designed to enhance the trade finance operations within its Trade Innovation solution. The tool, built on architecture powered by Microsoft Azure OpenAI Service, bridges the knowledge gap in the trade finance industry by offering prompt-based assistance, allowing users to interact with the tool by entering specific questions related to trade processes.
“By providing instant assistance to bank employees, we are empowering our clients to navigate the complexities of trade finance with greater ease and efficiency," said Andrew Bateman, EVP Lending at Finastra.
On Thursday, Finastra partnered with Attune, an end-to-end digital origination platform, to help optimize the digital lending experience for their mutual customers. Also on Thursday, Finastra partnered with Al Rayan Bank to enhance its Islamic financial services in Qatar.
