Finastra today announced a multi-year global agreement with Microsoft focused on trade platform modernization, building on the existing availability of Finastra Trade Innovation in the cloud.

In brief:

-The agreement will deliver one of the leading global documentary trade and supply chain finance platforms – Finastra Trade Innovation, running on Microsoft Azure

-Delivering the full functionality of Trade Innovation via a full microservices architecture using Microsoft Azure, will give banks increased agility, flexibility and scalability, enabling them to continue to provide service excellence to customers throughout their modernization journey.

-Further extending the open APIs available through Trade Innovation and Finastra’s open innovation platform, FusionFabric.cloud, will allow customers to leverage a vibrant digital trade ecosystem, supporting the digitalization of the full transaction lifecycle.

What does this mean?

“Partnering with Microsoft builds on our joint strategic vision to help accelerate the digital transformation of financial services, and support customers on their journeys to be open,” said Isabel Fernandez, Executive Vice President for Lending at Finastra.