Fidelity Bank, a renowned financial institution in Nigeria, has chosen Union Systems Limited’s KachasiTM Trade Finance Software and OptimusTM Corporate Portal to automate its trade finance activities.
The choice to collaborate with Union Systems Limited is part of the bank’s broader digital transformation plan, which has recently resulted in the launch of various new products such as PayGate Plus and Virtual Card Account.
The bank picked Union Systems’ Kachasi Trade Finance Software and Optimus Corporate Portal to streamline its trade finance operation after a thorough evaluation process that included Finastra Trade Innovation System and China Systems’ Eximbills.
The first indigenous trade finance software tool, Kachasi, automates the whole lifecycle of international and domestic trade finance processes. The Optimus portal provides a platform for customers to initiate and manage trade transactions from anywhere in the world via online or mobile.
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Mr Stanley Amuchie, Executive Director, Chief Operations and Information Officer, Fidelity Bank Plc, commented on the relationship with Union Systems Limited, saying, “We are delighted to partner with Union Systems in providing a fully automated end-to-end platform to help our trade clients achieve their business objectives. Leveraging this platform, we hope to further improve the experience for our customers and drive efficiency in their trade-related transactions. The launch of the automated trade platform is in line with the Bank’s strategy of becoming a foremost financial institution in trade financing in Nigeria and across Africa”.
Chuks Onyebuchi, Chief Executive Officer of Union Systems Limited, also commented on the partnership, saying, “We are pleased to be able to assist Fidelity Bank with this automation project, which will allow the bank to provide an innovative and seamless trade finance experience to its corporate clients.” This collaboration is admirable, and we are proud to have been picked by the bank as its preferred Trade Solution partner”.
Union Systems Limited (USL) is Africa’s premier provider of trade finance software. For more than two decades, the company has provided forward-thinking trade finance software solutions to African banks and corporations to achieve full automation and digitization of their trade operations.
Fidelity Bank is a full-service commercial bank in Nigeria, serving over 6.5 million customers through its 250 business branches and internet banking channels. The Global Banking & Finance Awards just named the bank the Best SME Bank Nigeria 2022.
