Financial software applications and marketplaces provider Finastra has joined forces with CQUR Bank to improve the latter’s digital transaction banking offering for international corporate clients.
By deploying Finastra’s solutions, Trade Innovation and Corporate Channels, CQUR Bank will provide its corporate clients with a new online banking portal for a frictionless user experience.
The international corporate bank will also launch new digital workflows as well as deliver host-to-host integration solutions.
Based in Qatar, CQUR Bank delivers financial solutions and services to facilitate international trade. The bank is particularly focussed on catering to international clients with links to the Gulf Cooperation Council (GCC) region.
CQUR Bank COO Justin Kenny said: “We selected Finastra due to its market-leading solutions that enable us to introduce a comprehensive front-end open architecture to provide access to a variety of fintechs.
“By broadening our offering and streamlining existing processes, we will be able to create more service value and deepen the relationships with our clients.”
Finastra’s Corporate Channels is a digital banking platform that offers CQUR Bank a single and intuitive portal to integrate trade, cash, supply-chain finance, lending and treasury services for its corporate customers.
The financial company’s Trade Innovation is an end-to-end solution for seamless trade and supply chain finance.
By leveraging straight-through processing, digitisation and data analytics, the trade services platform will support the bank’s growth and its ability to evolve with new requirements.
Finastra MENAT lending managing director Kamal El Khoury said: “Corporate customers are increasingly demanding faster, digital and connected services from their bank that truly elevate how they manage their finances and pursue new avenues for growth.
“By delivering new services and improving the end-to-end customer experience, the bank can future-proof its business while continuing to enhance economic growth through trade and sustainable development.”
Recently, Finastra forged a multi-year global agreement with Microsoft to expedite the modernisation of trade platform.
