Fidelity Bank taps Union Systems for trade finance upgrade

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 bank’s choice to work with Union Systems Limited is part of a larger digital transformation strategy that has seen the debut of numerous new products in recent months, including 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.

Kachasi is the first native trade finance software programme to automate the whole lifecycle of international and local trade finance transactions.

Customers can use the Optimus site to begin and manage their trade transactions from anywhere in the world, online or mobile.