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Finastra launches cloud-enabled SBLC solution to help U.S. Banks digitize standby letter of credit processing. * Banking * 19.10.2026 03:24 pm Today at Money 20/20 in Las Vegas, Finastra announced Finastra StandbyX, a cloud-enabled solution designed to help U.S. banks digitize and automate standby letter of credit (SBLC) processing while strengthening risk management and operational efficiency. SBLCs remain a widely used instrument across both trade and non-trade transactions in the U.S. While larger institutions typically manage SBLCs, alongside broader trade finance operations on platforms such as Trade Innovation, many regional and mid-sized banks continue to rely on manual or semi-manual processes. This can create operational inefficiencies, increase risk, and limit scalability. Purpose-built for SBLCs, Finastra StandbyX provides a streamlined SaaS deployment model that enables banks to modernize their operations without implementing a full trade finance platform. Designed for rapid implementation, the solution minimizes integration requirements and testing effort while offering a competitive total cost of ownership. The launch forms part of Finastra's ongoing investment in its trade solutions portfolio, helping financial institutions modernize operations, improve efficiency, unlock new growth opportunities, and deliver better customer and user experiences. How Finastra StandbyX helps banks in the U.S. * Provides proven standby letter of credit capabilities, through the SBLC module of Finastra's Trade Innovation platform, which is trusted by more than 150 banks globally, helping institutions digitize operations, support growth, and strengthen risk management. * Offers a SaaS deployment model that enables banks with low to moderate transaction volumes to implement quickly and begin realizing value sooner. * Reduces operational complexity through streamlined integration and testing requirements. * It is backed by Finastra's decades of experience supporting mission-critical banking systems for financial institutions worldwide. Expert perspective: Digital trade for more banks "Many U.S. banks have traditionally managed standby letters of credit through manual processes or workarounds," said Vinay Mendonca, Head of Trade and Supply Chain Finance and Corporate Channels at Finastra. While transaction volumes may be relatively low, the value of these instruments is often significant, making effective risk management essential. Finastra StandbyX gives banks access to proven SaaS technology that digitizes SBLC processing without the need to deploy a full trade finance platform. By making trade finance technology more accessible, SlideBy is helping a broader range of institutions improve operational efficiency, strengthen controls, and deliver a better customer experience. This is an exciting step in the evolution of its trade proposition." Finastra StandbyX builds on the proven capabilities of Trade Innovation, Finastra's trade finance platform that helps financial institutions automate workflows, manage risk, and improve operational efficiency. As part of Finastra's strategy to deliver modular, cloud-enabled and API-first solutions, StandbyX extends access to digital trade functionality for a wider range of banks.

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