CASE STUDY
for 10 jurisdictions on to one central hub.
While the project progressed, Bank ABC also
opened another branch and was required to
undertake a further deployment as a result.
The result
Since aligning its wholesale banking
workflows with a single, intuitive system
powered by Fusion Trade Innovation, Bank
ABC has achieved significant efficiency
savings and maintenance cost reductions.
Standardised business processes enable the
bank to establish operations in new markets
THE FINASTRA SOLUTION GIVES
US DETAILED DATA ON ALL OF OUR
CORE PROCESSES, WHICH IS PROVING
TO BE AN INVALUABLE SOURCE
OF INSIGHT FOR IMPROVING OUR
INTERNAL PROCESSES.
in under two weeks, strengthening Bank
ABC’s ability to grow its global business.
Fresh opportunities
After a recent change in regulation in one of
its core markets, Bank ABC saw a dramatic
increase in demand for export letters of
credit, an opportunity for growth that the
bank was eager to seize. To ensure that
it could scale up its operations smoothly,
Bank ABC was able to leverage its recent
Digital Transformation strategy and process
alignment for its entire trade operations.
The aim was to enable the bank to meet
customer expectations for rapid, reliable
services as business volumes grew.
Paul Baker, Deputy Group Head of
Operations at Bank ABC, said: “When
demand for our wholesale banking services
suddenly increased, we were able to quickly
respond by redeploying staff in order to
support our strategic growth objectives. This
would not have been possible prior to the
implementation of Fusion Trade Innovation.”
Over time, Bank ABC had developed a
complex system of 10 disparate trade
finance systems across its international
business, each with unique workflows for
specific regional offices. As well as driving
up maintenance costs, operating many
different systems limited the bank’s ability
to transfer personnel from one location to
another if that region experienced a surge
in demand-hampering agility and reducing
Bank ABC’s growth potential.
Standardise, simplify, centralise
To unite its global operations and facilitate
international growth, Bank ABC upgraded
its multiple trade finance systems with
a centralised commercial finance hub
powered by Fusion Trade Innovation from
Finastra. At the time of implementation,
Bank ABC was also preparing for a new
wave of SWIFT updates.
“We’ve used Finastra solutions in many
areas of our business for the past two
decades, so we knew we could rely on their
solutions to deliver the flexibility, reliability,
and scalability to step-up our operations,”
said Baker. “Fusion Trade Innovation
stood apart from other solutions that we
considered. We were particularly impressed
with the global zones feature, which enables
us to establish standard workflows across
each of our geographies while offering
sufficient freedom for us to customise them
to meet the specific regulatory requirements
of individual jurisdictions.”
New era of efficiency
Since enhancing its wholesale banking
operations with Fusion Trade Innovation,
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