Finastra adds AI ESG scoring into working capital solution with TradeSun

By Gloria Methri

Finastra has integrated AI-powered ESG (environmental, social and governance) 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 the added benefit of automated insights into ESG scoring.

The solution enhances enterprise intelligence and resilience by measuring key entity data against globally recognized frameworks, such as the UN Sustainable Development Goals and the EU Taxonomy. Captured information provides insight into international business activity, risk assessment, regulation compliance, geopolitical risk, due diligence, and supply chain analysis.

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. That vision is now possible for users of our Trade Innovation technology. Delivering this out-of-the-box integration aligns closely with our company’s 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 are 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.”

The partnership between Finastra and TradeSun encompasses the full TradeSun Intelligence platform, including OCR, document checking, real-time compliance, and global markets analytics. This unique trade digitization product has an ESG assessment built in and is offered in accordance with the ICC Principles for Sustainable Trade, Wave 2, Pilot Program.