To further strengthen Nigeria’s trade finance sector, First City Monument Bank Limited (FCMB) and Union Systems Limited (USL) have renewed their partnership for the bank’s continued use of Kachasi, a fully automated, end-to-end platform providing comprehensive local and international trade finance solutions.
This aligns with FCMB’s purpose of fostering inclusive and sustainable growth by building a supportive ecosystem that connects people, capital, and markets.
Both organisations stated that the platform developed by USL, Kachasi is Africa’s leading trade finance software, designed to meet the unique needs of financial institutions.
The bank’s Group Head of International Trade Service, Taiwo Shekoni, said: “The platform facilitates convenient, prompt, and secure trade transactions while ensuring compliance with local and international regulations.
“Additionally, it enables businesses engaged in import and export trade to operate more efficiently and access opportunities in the global market.