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Fintechbits
Home » Finastra Lance AI Assistant to rationalize trade funding with Microsoft Technology – Technological Record
AI in Finance

Finastra Lance AI Assistant to rationalize trade funding with Microsoft Technology – Technological Record

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Alice Chambers |
February 11, 2025

Finastra helps to fill the knowledge lake in the trade financing industry with its new assistant fed by AI, Assist .i.


Built on architecture fueled by Microsoft Azure OpenAi Service, Assist.ai uses Microsoft Copilot technology to train and support the new staff. He does so by answering specific questions with contextual information. The objective is to stimulate the efficiency of employees by automating routine requests and by releasing time.


“We are pleased to work with Finastra to simplify trade funding and more efficient for banks around the world,” said Bill Borden, vice-president of Microsoft’s global financial services. “Using the robust abilities of Azure, this solution illustrates the power of AI to improve operational efficiency and user experience. This collaboration presents not only our shared vision for the future of financial technology, but also strengthens the long -standing relationship between Microsoft and Finastra. »»


The solution also learns and adapts on the basis of interactions, guaranteeing continuous relevance and continuous improvement in responses.


“This timely and well -necessary solution represents a leap forward in our commitment to advance free finances and to take advantage of AI technology to resolve real world challenges in financial services,” said Andrew Bateman , Executive vice-president of loans at Finastra. “By providing instant assistance to bank employees, we allow our customers to navigate the complexities of trade financing with more ease and efficiency.”

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