{"url":"https://newsforagent.com/news/2026-10-21/brac-bank-finastra-trade-finance-go-live","markdown_url":"https://newsforagent.com/news/2026-10-21/brac-bank-finastra-trade-finance-go-live.md","title":"BRAC Bank Goes Live With Finastra Trade Finance Platform","headline":"BRAC Bank Goes Live With Finastra Trade Innovation and Corporate Channels","description":"BRAC Bank has gone live with Finastra's Trade Innovation and Corporate Channels plus Conpend's Trade AI.","section":"Product Launches","published_at":"2026-10-21T01:36:28+00:00","modified_at":"2026-10-21T01:36:28+00:00","author":"News Desk","key_takeaways":["BRAC Bank went live with Finastra's Trade Innovation and Corporate Channels and Conpend's Trade AI.","The platform supports compliance with ISO 20022 and Swift SR2026 requirements.","Tareq Refat Ullah Khan is Managing Director and CEO of BRAC Bank PLC.","Finastra launched StandbyX, a cloud-enabled standby letter of credit solution, on October 19, 2026."],"companies":[{"name":"BRAC Bank","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00003s5/brac-bank","website":"http://www.bracbank.com"},{"name":"Finastra","is_primary":false,"profile_url":"https://akta.pro/company-profiles/00002w5/finastra","website":"http://www.finastra.com"}],"source":{"publisher":"TradingView","title":"BRAC Bank Enhances Trade Finance Operations with Finastra","url":"https://www.tradingview.com/news/prnewswire:87bae108c6f20:0-brac-bank-enhances-trade-finance-operations-with-finastra/"},"other_sources":[],"tags":["Product Launches","BRAC Bank","Finastra"],"body_markdown":"[BRAC Bank](https://akta.pro/company-profiles/00003s5/brac-bank) has gone live with Finastra's Trade Innovation and Corporate Channels and Conpend's Trade AI, the companies said on October 21, 2026, creating a connected trade finance environment for the bank and its corporate customers. TradingView [published](https://www.tradingview.com/news/prnewswire:87bae108c6f20:0-brac-bank-enhances-trade-finance-operations-with-finastra/) the announcement.\n\n## What BRAC Bank Deployed With Finastra\n\nThe platform replaces fragmented processes with an integrated digital setup that streamlines trade finance workflows, increases straight-through processing and improves visibility across the trade finance lifecycle, according to the announcement. It supports compliance with evolving industry standards, including ISO 20022 and Swift SR2026 requirements.\n\nCorporate clients get a single channel to initiate requests, collaborate securely, approve transactions and track progress in real time. The platform is built on an open and scalable architecture that the bank says supports its long-term digital transformation strategy and its ability to expand capabilities and handle growing transaction volumes.\n\n\"This implementation marks an important milestone in our trade finance transformation,\" said Tareq Refat Ullah Khan, Managing Director and CEO at BRAC Bank PLC. \"By digitizing and streamlining trade operations, we are enhancing transparency, control and efficiency across the trade finance lifecycle, enabling us to serve our corporate clients with greater speed and reliability.\"\n\nAndrew Bateman, EVP for Lending at [Finastra](https://akta.pro/company-profiles/00002w5/finastra), said the bank has established a modern and scalable platform through Finastra's front-to-back trade finance capabilities. Finastra launched StandbyX, a cloud-enabled solution for U.S. banks to digitize standby letter of credit processing, at Money 20/20 in Las Vegas on October 19, 2026, PR Newswire reported.\n\n## BRAC Bank's Technology and Partnership Record\n\nAccording to akta.pro [company records](https://akta.pro/company-data), BRAC Bank appointed a new Chief Information Officer in March 2026, signaling a formal technology leadership role to oversee its digital and AI roadmap. The bank entered a partnership with VeloxPays in October 2025 to enable remittance flows into Bangladesh, extending its footprint into the Australian diaspora corridor. BRAC Bank holds the largest market capitalization in Bangladesh's banking sector, and it crossed $1 billion in market value, the first Bangladeshi bank to reach that milestone.\n\n## Earlier BRAC Bank Digital Rollouts\n\nBRAC Bank launched the CORPnet mobile app for corporate customers in September 2026, enabling round-the-clock transaction approvals and real-time account monitoring, with bulk approvals, biometric login and token-based authorization, The Daily Star reported. In September 2026, BRAC Bank and Midway Securities signed a Transaction Banking Agreement on 15 September 2026 in Dhaka, using the bank's API-based solutions to streamline fund collection and payment processing for capital-market investors, The Financial Express reported. BRAC Bank launched Bangla QR payment services at BRAC University on July 30, 2026, enabling digital transactions for tuition, cafeteria and retail, United News Bangladesh reported.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}