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Finastra has launched StandbyX, a cloud-enabled tool that helps US banks digitise and automate standby letter of credit (SBLC) processing. The company announced it on October 19, 2026, at Money 20/20 in Las Vegas. Many regional and mid-sized US banks still handle SBLCs manually or semi-manually, which creates inefficiency, raises risk, and limits scalability. StandbyX offers a software-as-a-service model built only for SBLCs, so banks need not adopt a full trade finance platform. The tool uses the SBLC module of Finastra's Trade Innovation platform, which more than 150 banks globally use. It requires less integration and testing, and suits banks with low to moderate transaction volumes. "By making trade finance technology more accessible, we are helping a broader range of institutions improve operational efficiency," said Vinay Mendonca, head of trade and supply chain finance and corporate channels at Finastra.

BDO Unibank powers smarter, next-generation payments with Finastra. Oct 06, 2026, 21:00 ET With modern Global PAYplus, BDO is enabling cost efficient modernization, greater automation, and more innovative and flexible payment services for customers MANILA, Philippines, Oct. 6, 2026 /PRNewswire/ - Finastra, a global leader in financial services software, today announced that BDO Unibank, Inc. (BDO) has enhanced its payments infrastructure with Finastra's modern Global PAYplus (GPP), reinforcing the bank's ability to support growing transaction volumes, strengthen operational resilience, and advance interoperability across the payments ecosystem. As a leading universal bank in the Philippines, BDO serves retail, commercial, and institutional clients across a broad range of banking and financial services. The bank also supports correspondent banking and fintech partners with payment distribution capabilities into the Philippine market. The deployment of GPP's high-value and mass-payments capabilities provides a scalable foundation for current and future payment requirements. BDO currently utilizes the platform for Swift and inbound PESONet processing and is the largest commercial bank in the Philippines leveraging GPP. With GPP, the bank benefits from greater automation, flexible rule-based payment processing, and improved operational efficiency, while gaining the agility to support evolving industry standards such as ISO 20022 and connect to new domestic and cross-border payment networks as they emerge. "Payments are a critical enabler of commerce and economic activity, making resilient and scalable infrastructure increasingly important," said Carlo B. Nazareno, head of Cash Management Services at BDO. "By enhancing our payments architecture with Finastra's Global PAYplus, we have strengthened our ability to support growing transaction volumes, improve operational efficiency, and adapt to evolving market requirements. This provides a strong foundation for delivering a seamless client experience today while supporting future innovation across the payments ecosystem." "Banks around the world are under growing pressure to deliver payment experiences that are immediate, reliable, and tailored to increasingly diverse customer needs," said Radha Suvarna, Chief Product Officer of Payments at Finastra. "By bringing high-value and mass-payments processing together on Global PAYplus, BDO is reducing complexity while creating a more flexible foundation for innovation. We are proud to support the bank as it advances its payments capabilities and expands the services it can provide to customers. Our partnership demonstrates both the international capabilities of our solution, as well as our commitment to supporting banks with complex requirements, including multiple clearing systems and nuanced corporate client needs." This approach reflects a broader shift in the industry toward unified, AI-enabled payment hubs that consolidate and orchestrate multiple rails. It also reflects the importance of cloud-native, API-enabled architecture, ISO 20022 support, and intelligent operations as important foundations for payments innovation, operational efficiency, and faster time to market. About Finastra Finastra provides the mission-critical software that powers thousands of financial institutions in more than 100 countries - including many of the world's leading banks. Its technology helps financial institutions move money as well as extend and service loans that financial services businesses and consumers rely on every day. Backed by Vista Equity Partners, Finastra combines deep financial services expertise with secure, reliable, and scalable technology to help customers modernize operations, accelerate innovation, and grow their businesses in a rapidly evolving industry. BDO Unibank, Inc. (BDO) is a full-service universal bank which provides a wide range of corporate and retail services such as loan and deposit products, treasury, trust banking, investment banking, private banking, thrift banking and microfinance, cash management, leasing and finance, remittance, life insurance, property & casualty insurance brokerage, cash cards, credit cards, and online and non-online stock brokerage services. BDO has the country's largest distribution network, with over 2,000 consolidated operating branches and more than 7,900 teller machines nationwide. It also has 13 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America and the Middle East. SOURCE Finastra

Finastra launches Supply Chain Finance module for banks. Finastra has introduced a Supply Chain Finance module and a Repair Recommendations capability, integrating trade, lending and payment-processing workflows via its Nexus API suite. What happened. Finastra has launched Supply Chain Finance (SCF), a new module that connects trade, lending and working-capital services for banks, alongside a separate "Repair Recommendations" capability aimed at streamlining payment processing. The financial services software provider unveiled both offerings this week as additions to its core banking technology stack. SCF is built to integrate with Finastra's existing Trade Innovation and Loan IQ platforms through the company's Nexus API suite, allowing banks to offer connected trade finance, lending and supply chain finance products from a single technology foundation rather than as disconnected systems. The aim, according to Finastra, is to help banks scale working capital programmes more quickly and support growth for their corporate and SME clients. The Repair Recommendations capability, announced alongside SCF, is designed to assist banks in resolving payment processing issues more efficiently, though Finastra has released fewer specifics on how the feature operates in practice. Why it matters. For banks, the real significance lies in integration rather than invention: Finastra is stitching together trade, lending and supply chain finance workflows that have traditionally sat in separate systems, often requiring manual reconciliation between them. By routing this through a common API layer, banks can in principle bring new working-capital products to market faster and with fewer operational handoffs. That matters for digital transformation leaders because working capital and payments are two areas where friction is felt directly by corporate clients - delayed financing decisions, repair queues on failed payments, and disconnected trade documentation all translate into slower cash flow for businesses on the other end. Consolidating these functions onto one platform is as much an operating-model change as a product launch, and it signals where core banking vendors see near-term demand: connected, API-driven infrastructure that banks can configure rather than build from scratch. The renascence take. It's tempting to read this as a routine vendor product update, but the more interesting story is what it reveals about how banks compete on working capital experience. Supply chain finance has historically been sold as a relationship product, but for the corporate treasurer on the receiving end, it behaves like a service experience - speed of approval, visibility into status, and how gracefully exceptions get handled all shape whether a bank is seen as a genuine partner or a bottleneck. A "repair recommendations" feature, even lightly detailed here, hints at a bigger shift: banks are starting to treat payment failures not as back-office exceptions to route around, but as friction points worth engineering away. The operators who get ahead won't be the ones with the most integrated core system - they'll be the ones who translate that integration into a visibly faster, more transparent experience for the business customer actually waiting on the money. This briefing was written by its Newsdesk, synthesising reporting from the outlets below. Follow the links for the original coverage. Questions Renascence get on this topic. It is a module that connects trade, lending and working-capital services for banks, integrating with Finastra's Trade Innovation and Loan IQ platforms through its Nexus API suite so banks can offer these products from one technology foundation. More in Banking Stay ahead of CX Get the signal, not the noise. The stories shaping customer experience - plus the Journal and Experience Loom - in your inbox.