Finastra has announced a strategic partnership with CargoX aimed at modernizing global trade finance through secure, blockchain-enabled electronic documentation. The collaboration integrates CargoX’s electronic trade document (eTD) platform with Finastra’s Trade Innovation solution, creating a seamless and scalable infrastructure for digital document exchange across international trade networks.
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The integration allows financial institutions and trade participants to move away from paper-heavy processes and adopt digital-at-source documentation. CargoX’s platform, which supports more than 65 types of electronic trade documents, brings blockchain-secured transfer capabilities into Finastra’s widely used Trade Innovation ecosystem. Together, the platforms enable faster processing times, stronger encryption, complete audit trails, and significantly reduced risks of fraud and document loss.
The partnership is enabled through Finastra’s open API framework and Trade Innovation Nexus integration layer, ensuring smooth connectivity across systems. Built with a cloud-native architecture, the combined solution aligns with financial institutions’ broader digital transformation and sustainability objectives. By digitizing documentation at its origin, banks and trade participants can improve operational efficiency, reduce administrative overhead, and support real-time, cross-border trade transactions with greater confidence.
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Peter Kern, VP Commercial at CargoX, said the collaboration helps establish electronic trade documents as a trusted and scalable foundation for global commerce. He noted that integrating blockchain-secured document transfer into Finastra’s platform extends access to banks and businesses seeking to reduce fraud risks while improving efficiency and reliability in trade workflows.
Anastasia McAlpine, Head of Product Management for Trade and Supply Chain Finance at Finastra, emphasized that the partnership reflects the company’s commitment to innovation and interoperability within trade finance. She explained that by enabling secure, cloud-based digital documentation, the collaboration supports financial institutions—particularly small and medium-sized enterprises—in streamlining operations and unlocking new value across trade ecosystems.
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The partnership also supports the broader industry shift toward full electronic documentation, aligning with commitments made by members of the Digital Container Shipping Association to issue bills of lading entirely electronically by 2030. As global trade increasingly embraces digital standards, the combined capabilities of Finastra and CargoX aim to accelerate the transition toward a more transparent, efficient, and sustainable trade finance landscape.
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