Synovus introduces Accelerate Trade for international trade finance
Synovus has launched Accelerate Trade, a new portal designed to help international business clients manage global trade finance products more efficiently. The platform streamlines and automates processes, providing visibility into international transactions through a single interface.
The service includes management of letters of credit, documentary collections, export and import financing, and bank guarantees. When combined with Synovus Accelerate FX, it offers comprehensive international banking services with enhanced reporting, workflows, alerts, and payment options. The platform is provided through a collaboration with fintech provider Finzly.
Synovus ha lanciato Accelerate Trade, un nuovo portale progettato per aiutare i clienti aziendali internazionali a gestire i prodotti di finanza commerciale globale in modo più efficiente. La piattaforma semplifica e automatizza i processi, fornendo visibilità sulle transazioni internazionali tramite un'unica interfaccia.
Il servizio include la gestione delle lettere di credito, delle raccolte documentarie, del finanziamento per le esportazioni e le importazioni, e delle garanzie bancarie. Combinato con Synovus Accelerate FX, offre servizi bancari internazionali completi con reportistica avanzata, flussi di lavoro, avvisi e opzioni di pagamento. La piattaforma è fornita attraverso una collaborazione con il provider fintech Finzly.
Synovus ha lanzado Accelerate Trade, un nuevo portal diseñado para ayudar a los clientes comerciales internacionales a gestionar los productos de financiamiento comercial global de manera más eficiente. La plataforma simplifica y automatiza procesos, proporcionando visibilidad en las transacciones internacionales a través de una única interfaz.
El servicio incluye la gestión de cartas de crédito, cobros documentarios, financiamiento de exportaciones e importaciones y garantías bancarias. Combinado con Synovus Accelerate FX, ofrece servicios bancarios internacionales integrales con informes mejorados, flujos de trabajo, alertas y opciones de pago. La plataforma se ofrece a través de una colaboración con el proveedor de fintech Finzly.
Synovus는 국제 비즈니스 고객이 글로벌 무역 금융 제품을 보다 효율적으로 관리할 수 있도록 설계된 새로운 포털인 Accelerate Trade를 출시했습니다. 이 플랫폼은 프로세스를 간소화하고 자동화하여 단일 인터페이스를 통해 국제 거래에 대한 가시성을 제공합니다.
이 서비스는 신용장, 문서 수취, 수출 및 수입 금융, 은행 보증의 관리를 포함합니다. Synovus Accelerate FX와 결합하면 강화된 보고서, 워크플로우, 알림 및 결제 옵션을 갖춘 종합적인 국제 은행 서비스가 제공됩니다. 이 플랫폼은 핀테크 공급업체인 Finzly와의 협력을 통해 제공됩니다.
Synovus a lancé Accelerate Trade, un nouveau portail conçu pour aider les clients commerciaux internationaux à gérer les produits de finance commerciale mondiale plus efficacement. La plateforme rationalise et automatise les processus, offrant une visibilité sur les transactions internationales à travers une seule interface.
Le service comprend la gestion des lettres de crédit, des collections documentaires, du financement à l'exportation et à l'importation, ainsi que des garanties bancaires. Combiné avec Synovus Accelerate FX, il offre des services bancaires internationaux complets avec des rapports améliorés, des flux de travail, des alertes et des options de paiement. La plateforme est fournie en collaboration avec le fournisseur fintech Finzly.
Synovus hat Accelerate Trade ins Leben gerufen, ein neues Portal, das internationalen Geschäftskunden helfen soll, globale Handelsfinanzierungsprodukte effizienter zu verwalten. Die Plattform vereinfacht und automatisiert Prozesse und bietet Sichtbarkeit in internationale Transaktionen über eine einzige Schnittstelle.
Der Dienst umfasst die Verwaltung von Akkreditiven, Dokumenteninkassi, Export- und Importfinanzierungen sowie Bankgarantien. In Kombination mit Synovus Accelerate FX bietet sie umfassende internationale Bankdienstleistungen mit erweiterten Berichten, Workflows, Benachrichtigungen und Zahlungsoptionen. Die Plattform wird in Zusammenarbeit mit dem Fintech-Anbieter Finzly bereitgestellt.
- Launch of new digital platform streamlining international trade operations
- Expansion of service offerings in international banking segment
- Strategic partnership with fintech provider Finzly enhancing technological capabilities
- None.
Insights
The launch of Accelerate Trade represents a strategic move into digital transformation of international banking services. The platform's integration with existing FX services creates a comprehensive digital ecosystem for international trade operations. By automating traditionally paper-heavy processes and centralizing trade finance operations, this technology significantly reduces operational overhead and processing time for businesses engaged in global trade.
The partnership with Finzly is particularly noteworthy as it leverages modern Banking-as-a-Service architecture, enabling Synovus to stay competitive in the evolving financial technology landscape. This platform positions Synovus to better serve middle-market companies expanding internationally, a growing segment in regional banking.
This product launch strengthens Synovus's competitive position in the lucrative international banking segment, particularly important for a regional bank with
By streamlining trade finance operations, Synovus can potentially capture more fee-based income while reducing operational costs. The focus on improving liquidity management and risk reduction for clients could help attract and retain larger commercial customers, driving higher-margin business growth. This initiative aligns with the broader industry trend of digitizing commercial banking services to defend market share against larger national banks.
Accelerate Trade will streamline and automate processes, enabling Synovus clients to gain visibility into the entire lifecycle of international transactions on a single platform. This may reduce risk, improve liquidity and ensure smooth transactions between exporters and importers. These transactions include financial tools and services, such as letters of credit, documentary collections, export and import financing, bank guarantees and more.
“International trade involves complex transactions that require meticulous attention to detail,” said Katherine Weislogel, executive vice president and head of treasury and payment solutions at Synovus. “Accelerate Trade simplifies international business for our clients, empowering them to expand globally with confidence and speed.”
Paired with Synovus Accelerate FX, Accelerate Trade broadens the bank’s international banking services so clients can securely conduct foreign exchange and trade activities with enhanced reporting, workflows, alerts and payment options.
Synovus offers Accelerate Trade to its clients through Finzly, a fintech provider of modern banking applications for payments, foreign exchange, trade finance and Banking as a Service. This collaboration ensures access to the latest technology and expertise in the industry.
Learn more about Accelerate Trade.
Synovus Bank, a
View source version on businesswire.com: https://www.businesswire.com/news/home/20241209156451/en/
Audria Belton
Media Relations
media@synovus.com
Source: Synovus Financial Corp.
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