Askari Bank selects Finastra to power its Trade Finance Business

Askari Bank has chosen Finastra’s trade finance solution, Fusion Trade Innovation, to digitalize its trade finance business. The solution will enhance the bank’s comprehensive digital trade capabilities and will improve services for its corporate and retail customers by providing a smart user interface, thereby reducing transaction turnaround times.

Abid Sattar, President & CEO, Askari Bank said, “As a bank we are focused on providing forward-thinking solutions to our customers. This solution will help us to continue developing our digital suite of services and enable our customers to make faster transactions and receive greater value from their trade finance relationship”.

Wissam Khoury, Senior Vice President and Managing Director, APAC and MEA at Finastra said, “Corporates are quickly catching up with retail customers and are expecting more from their bank, such as an improved user experience, speed and more innovation. The agreement with Askari Bank signals market readiness for large banks with complex trade finance and corporate banking operations in Pakistan”.