QNB Group taps Finverity to digitise supply chain finance

QNB Group has partnered with Finverity to deploy a unified digital platform for supply chain finance (SCF), marking a broader shift among regional banks towards data-driven, open account trade finance models.

Under the agreement, Finverity will provide its white-label platform, FinverityOS, enabling QNB to operate its full suite of SCF and open account trade finance products across 10 countries, including Qatar. The platform is designed to serve internal teams, corporate buyers, and suppliers through a single interface, consolidating processes that are typically fragmented across systems.

For QNB, the deployment introduces a centralised digital infrastructure to manage end-to-end SCF transactions, from processing and approvals to execution. This is expected to improve utilisation of financing facilities while reducing turnaround times, operational inefficiencies, and exposure to fraud risk—areas that have traditionally constrained the scalability of trade finance operations.

Corporate clients, including SMEs, will gain access to self-service capabilities that allow them to request financing against invoices and trade flows on demand. The platform also provides real-time visibility into facility usage and enables businesses to onboard additional counterparties into financing programmes, potentially expanding access to working capital across supply chains.

Viacheslav Oganizov, Co-founder and CEO of Finverity, said the partnership reflects increasing demand for modernised trade finance infrastructure in the region. “This partnership represents the kind of regional leadership required to scale modern working capital infrastructure,” he noted, highlighting the role of digital platforms in enabling more efficient and accessible financing structures.

The move comes amid a structural shift in trade finance, where traditional letter-of-credit-based models are seeing slower growth compared to open account financing. Banks in the Middle East and Africa are increasingly prioritising SCF as a strategic lever to support corporate and SME liquidity, particularly as supply chain disruptions and tighter credit conditions drive demand for flexible working capital solutions.

For QNB, SCF forms a core component of its Global Transaction Banking strategy aligned with its 2030 vision. The selection of FinverityOS reflects a focus on scalability and interoperability, as the bank seeks to support complex, multi-market financing programmes while maintaining operational agility.

The partnership underscores a wider trend of incumbent banks collaborating with FinTech providers to modernise legacy trade finance infrastructure. By digitising workflows and embedding data-driven decision-making, such initiatives aim to expand access to financing, strengthen supply chain resilience, and position banks to compete more effectively in an evolving global trade landscape.