Our client is one of the top global banks in the transaction banking business. Virtusa partnered with the bank to develop a modern global trade finance and open account platform. We engaged with the bank’s trade finance team to transform the existing platform and modernize it by moving it to the cloud
Virtusa partnered with the global bank to develop a future ready trade and open account platform. The new platform services more than 44 countries critical to the bank’s wholesale business.
We assisted the bank by:
The future-ready platform ensured a scalable, reliable, and secure platform. That significantly reduced the client’s technical debt thereby reducing cost of operations and enhancing its time to market capabilities
The bank now offers customized solutions to its diverse wholesale clients while adhering to local regulatory standards. It also ensures that the bank can offer value-added trade services leveraging global initiatives like Open Banking, Digital Trade Finance, IoT, and Blockchain for its clientele.