The Bank of East Asia has extended its partnership with Finastra to enhance its end-to-end digital trade capabilities and customer services for its corporate and personal banking services.
The move includes SME customers in Hong Kong, China and overseas, according to a media release on Wednesday. Integrating Finastra’s technology and support services, Bank of East Asia (BEA) has upgraded to the latest version of Fusion Trade Innovation to drive efficient inter-bank settlements and stay SWIFT compliant.
Its latest functionalities also support banks to significantly optimize efficiencies, enhance service propositions, and reduce operational risk. BEA can now take advantage of enhanced data access to improve products, services and pricing with greater insight into client risk, exposures and their end-to-end supply chain.
Faster and More Efficient
«This latest investment in upgrading our digital trade finance capabilities will allow us to increase our trade transaction volumes, design and roll out new trade solutions to the market faster and more efficiently, as well as seamlessly scale up operations to keep pace with our customers’ aspirations in the region,» Daniel Lo Wai Sang, General Manager at BEA, said.
