The latest news says an initiative has been taken by the Fidelity Bank - A popular & leading financial institution in Nigeria towards automating its trade finance operations via adopting KachasiTM Trade Finance Software and OptimusTM Corporate Portal, provided by Union Systems Ltd. - Africa’s leading Trade Finance Software Company.

The aforesaid step of the bank to associate with Union Systems Ltd. will help accelerate & widen its digital financial landscape, which has led to the introduction of various advantageous products in recent times, for example, PayGate Plus and Virtual Card Account.

Before adopting Union Systems’ Kachasi Trade Finance Software and Optimus Corporate Portal to further automate its trade finance services, the bank followed a rigorous evaluation process including Finastra Trade Innovation System and China Systems’ Eximbills. Kachasi is the first native trade finance software application that plays a vital role in automating the whole journey of domestic as well as international trade finance procedures. On the other hand, the Optimus portal delivers a platform for the customers to start and handle their trade transactions through either web or mobile from anywhere in the world.

Remarking on the association with Union Systems Limited, Executive Director, Chief Operations and Information Officer, Fidelity Bank Plc, Mr. Stanley Amuchie, expressed, “We are happy to join hands with Union Systems in delivering a fully-automated end-to-end platform to support our customers fulfill their business goals. With the help of this platform, we expect to further enhance the experience for our users and bring efficiency to their trade-related transactions. The introduction of the automated trade platform is yet to come with the bank’s strategy of becoming an important financial institution in trade financing in Nigeria and across Africa.”

Also commenting on the association, Chief Executive Officer, Union Systems Limited Chuks Onyebuchi explained, “We are glad to be capable of assisting Fidelity Bank with this automation project, that will enable the bank to deliver an innovative and smooth trade finance experience to its corporate client. This association is exceptionally exemplary, and we are honored to be picked up by the bank as its favored Trade Solution partner.”

About Union Systems Limited

Union Systems Limited (USL) is a popular & leading trade finance software organization in Africa. For more than 20 years, the organization has been providing future-oriented trade finance software solutions to banks and corporates in Africa to gain full automation and digitization of their trade procedures. Their trade finance software solutions are focused on development, profitability, and administrative consistency for banks and corporations. Union Systems has been named Trade Finance Software Solutions Provider of the Year at the BusinessDay Bank’s and Other Financial Institutions (BAFI) Awards for the second year consecutively in acknowledgment of its advancement and expertise.

About Fidelity Bank

Fidelity Bank is a full-fledged commercial bank providing its services in Nigeria with more than 6.5 million customers across its 250 business offices and digital banking platforms. The bank was recently awarded the Best SME Bank Nigeria 2022 by the Global Banking & Finance Awards. The bank has also won an award for the “Fastest Developing Bank” and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.

Visit us: https://www.axioscreditbank.com/trade-finance