FCMB, Union Systems Renew Partnership to Boost Nigeria’s Trade, Finance – THISDAYLIVE

Sunday Okobi

To further strengthen Nigeria’s trade finance sector, First City Monument Bank Limited (FCMB) and Union Systems Limited (USL) have renewed their partnership for the bank’s continued use of Kachasi, a fully automated, end-to-end platform providing comprehensive local and international trade finance solutions.
This aligns with FCMB’s purpose of fostering inclusive and sustainable growth by building a supportive ecosystem that connects people, capital, and markets.

Both organisations stated that the platform developed by USL, Kachasi is Africa’s leading trade finance software, designed to meet the unique needs of financial institutions.

The bank’s Group Head of International Trade Service, Taiwo Shekoni, said: “The platform facilitates convenient, prompt, and secure trade transactions while ensuring compliance with local and international regulations.
“Additionally, it enables businesses engaged in import and export trade to operate more efficiently and access opportunities in the global market.

“The continued partnership between Union Systems and FCMB affirms the transformative impact of Kachasi on our trade finance operations.”
He added that: “The software has become an indispensable tool for our trade finance operations by automating processes, enhancing compliance, and providing insightful analytics. This renewal represents more than just a software agreement; it signifies a shared commitment to innovation, excellence, and the future of trade finance in Nigeria.”

Shekoni added that: “FCMB is committed to driving sustainable economic growth in Nigeria. Between January and June 2024, the Bank facilitated over $900 million in export trade flows, supporting the government’s economic diversification efforts.”

He disclosed that FCMB is a member of FCMB Group Plc, adding that: “The bank is committed to fostering inclusive and sustainable growth by building a supportive ecosystem rooted in Africa (primarily Nigeria) that connects people, capital, and markets.”

Meanwhile, the Divisional Head of Sales at USL, Seun Adeleye, told journalists that: “At USL, the continuous success of our partners is a priority to us, and we pride ourselves in ensuring we provide the top-notch support they require to succeed.

He added that FCMB’s decision to renew its partnership “with us reflects our commitment to exceptional customer service.

“Our team of experts works closely with FCMB to ensure Kachasi consistently delivers value, addressing any challenges promptly and effectively. This collaborative approach has strengthened our relationship with FCMB and highlighted the value we bring as a trusted technology partner.”

Adeleye posited that Kachasi’s configurable architecture ensures seamless integration with existing systems while adapting to FCMB’s specific operational requirements. “The software’s robust reporting capabilities provide actionable insights, empowering the bank to make data-driven decisions that enhance trade strategies and customer offerings.”

He said: Union Systems Limited is the leading financial software company in Africa. For over 20 years, we have delivered innovative software solutions to banks and corporations across the continent, allowing them to automate and digitize their financial operations fully.

“With a team of seasoned professionals and a deep understanding of the African market, USL is dedicated to transforming the financial services industry through technology.”

[ad_1]

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}

[ad_2]