Triterras selects Unqork to modernise its trade finance platform
By Leandra Monteiro
Triterras Inc, a FinTech company focused on trade finance, and Unqork, a no-code enterprise application platform, announced they have entered a partnership to further digitise global trade finance.
Unqork will be used to enhance the end-to-end trading lifecycle of Triterras’ Kratos platform, one of the largest trading and trade finance platforms in the world. By incorporating Unqork’s simple ‘drag and drop’ interface, the finTech company will be able to offer better efficiency and improve outcomes for both lenders and traders.
Triterras will kick start its work with Unqork by building new client onboarding processes on its Kratos platform. Client onboarding is an integral undertaking for all financial service institutions, yet rigid, fluctuating protocols have often hindered digital adoption. Through Unqork, it will be able to quickly develop client onboarding applications with more flexibility as industry regulations change for a seamless customer experience.
Customer onboarding will be just the first step in Triterras’ larger digital transformation initiative for the Kratos Platform. Down the line, the company plans to migrate risk and fraud mitigation, trade digitisation, transaction tracking and more—using Unqork.
“By leveraging Unqork’s no-code platform, Triterras plans to accelerate the way SME clients and lenders are able to transact online,” said Sri Vasireddy, Chief Technology Officer, Triterras. “Our business model is to bring new trade finance lending to underserved or underbanked market segments. Our partnership with Unqork will allow us to further our mission to provide tech-forward lending solutions that are accessible to the world of micro-lending.”
“Unqork has proven experience accelerating our customers’ time-to-market with our Codeless Architecture approach, enabling the delivery of premium, future-proof applications in record time,” said Matt Singleton, Head of Financial Services, Unqork. “We’re proud to partner with Triterras to deliver market-leading offerings on the Kratos platform that will enable Triterras to bring their expertise and solutions to their customers in an innovative and rapid way.”
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