115 FINANCIAL SERVICES customers across diverse global markets. Finastra is leading the way in removing the traditional obstacles to banking and financial services to create more inclusive trade opportunities. All levels of society benefit from inclusive trade, which can help to grow the economy while protecting the environment. Inclusive trade increases competition and discourages monopolistic practices. As a broader range of businesses expand beyond their local or national borders and join the global market, the increased competition can lower prices, making goods and services more affordable for everyone, which is particularly beneficial for low-income households. It also opens up more stable and secure streams of revenue. Increased competition also allows businesses to source raw materials and goods from the most efficient producers across the globe, which optimises the supply chain. This reduces production costs, which can lower prices for consumers. Finastra’s modern open software provides seamless integration and collaboration across trade and supply chain finance, which in turn, enables businesses to deploy innovative products that open up new markets and empower next-generation business models, mindful of regulatory compliance. Embracing open finance and harnessing technology is no longer just a strategic advantage; it is a necessity to help develop and support a strong economy that fosters inclusive growth. At Finastra, we are committed to providing our customers with the tools to create a more connected and sustainable financial future. Our focus is, and will remain, on delivering solutions that benefit everyone. Finastra will showcase its solutions at Sibos (Stand G30) in Beijing, China, from 21-24 October 2024. Matthieu Andrieu is head of corporate banking for Africa, Middle East and Asia at Finastra Photo: AdobeStock/Pixel-Shot
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