Home » Finastra Integrates AI-powered ESG Scoring into Working Capital Solution, Trade Innovation

Finastra Integrates AI-powered ESG Scoring into Working Capital Solution, Trade Innovation

by Madaline Dunn

Finastra has announced the integration of AI-powered ESG scoring capabilities into its working capital solution, Trade Innovation. 

The integration with CoriolisESG by TradeSun enables users to book and manage trade and supply chain finance with automated insights into ESG scoring. 

It was shared that the solution enhances enterprise intelligence and resilience by measuring key entity data against globally recognised frameworks, such as the UN Sustainable Development Goals and the EU Taxonomy. 

Further, captured information provides insight into international business activity, risk assessment, regulation compliance, geopolitical risk, due diligence, and supply chain analysis.

Finastra explained that its partnership with TradeSun encompasses the full TradeSun Intelligence platform, including:

  • OCR, 
  • Document checking, 
  • Real-time compliance, and 
  • Global markets analytics. 

The trade digitisation product has an ESG assessment built in, offered in accordance with the ICC Principles for Sustainable Trade, Wave 2, Pilot Program.

Iain MacLennan, Head of Trade and Supply Chain Finance at Finastra, said: “Sustainability is a growing imperative in the world of trade and with the continued emergence and development of regulations in this space, organizations must ensure they can measure their impact to help meet the worldwide ESG mandates and understand where risk can be better managed.”

Adding: “That vision is now possible for users of our Trade Innovation technology. Delivering this out-of-the-box integration aligns closely with our company purpose to unlock the power of finance for everyone and our mantra of ‘doing well by doing good’. We look forward to helping our customers gain valuable insights into their ESG data for trade.”

Nigel Hook, Founder and CEO at TradeSun, said: “We’re really pleased to be a fintech partner for Finastra. This integration of TradeSun’s CoriolisESG technology into Finastra’s user base provides more businesses with economical solutions that help advance their wider sustainability goals. Together we are accelerating sustainable global trade flows, with intelligent and scalable technology to measure impact and to help ensure a better future for all.”

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