Finastra has signed a partnership with CargoX as the two companies push to make electronic trade documentation easier to issue, share, and accept across global supply chains.
The collaboration focuses on expanding adoption of “digital-at-source” trade documents—meaning documents are created in a secure digital form from the start, rather than being produced on paper and later converted. The goal is to reduce friction in trade flows, improve transparency, and help corporates and banks move away from manual, paper-heavy processes that can slow down shipments and increase operational risk.
CargoX brings its electronic trade documentation platform and experience with digitising documents used in cross-border trade. Finastra, meanwhile, provides widely used trade finance technology for financial institutions, giving the partnership a pathway to integrate digital document flows more directly into bank-side workflows.
By combining CargoX’s document digitisation capabilities with Finastra’s trade finance ecosystem, the partners aim to support faster processing, better data quality, and smoother compliance checks—while also improving auditability and reducing the risk of document fraud.
The move comes as trade markets and regulators increasingly support electronic documentation standards, and as banks look to modernise trade finance operations to better serve SME and corporate customers.