Triterras Inc., a Fintech company focused on trade and trade finance, and Unqork, the no-code enterprise application platform, recently announced that they have entered a partnership “to further digitize global trade finance.”
Unqork will be used “to enhance the end-to-end trading lifecycle of Triterras’ Kratos platform, one of the largest trading and trade finance platforms in the world.”
By incorporating Unqork’s ‘drag and drop’ interface, Triterras will be able “to offer better efficiency and improve outcomes for both lenders and traders.”
Triterras will kick off its work with Unqork “by building new client onboarding processes on its Kratos platform.”
Client onboarding “is an integral undertaking for all financial service institutions, yet rigid, fluctuating protocols have often hindered digital adoption.”
Through Unqork, Triterras will be able “to quickly develop client onboarding applications with more flexibility as industry regulations change for a seamless customer experience.”
Customer onboarding will be just the first step in Triterras’ larger digital transformation initiative “for the Kratos Platform.”
Down the line, Triterras plans “to migrate risk and fraud mitigation, trade digitization, transaction tracking and more—using Unqork.”
Sri Vasireddy, Chief Technology Officer, Triterras, said:
“By leveraging Unqork’s no-code platform, Triterras plans to accelerate the way SME clients and lenders are able to transact online. Our business model is to bring new trade finance lending to underserved or underbanked market segments. Our partnership with Unqork will allow us to further our mission to provide tech-forward lending solutions that are accessible to the world of micro-lending.”
Matt Singleton, Head of Financial Services, Unqork, said:
“Unqork has proven experience accelerating our customers’ time-to-market with our Codeless Architecture approach, enabling the delivery of premium, future-proof applications in record time. We’re proud to partner with Triterras to deliver market-leading offerings on the Kratos platform that will enable Triterras to bring their expertise and solutions to their customers in an innovative and rapid way.”
As noted in the update, Triterras is a global fintech company co-headquartered in Singapore and Dubai and “leading innovator of inclusive finance solutions for the world’s micro, small and medium enterprises (MSMEs).”
The company launched and operates Kratos™—”one of the world’s largest digital financing platforms—to directly connect MSMEs with lenders online and source capital across commodity trading, supply chain, logistics, and ecommerce finance.”
As mentioned in the announcement, Unqork’s enterprise no-code platform “helps leading organizations build, deploy and manage complex software without having to think about code.”
Unqork created the Codeless Architecture standard – which is described as “the future of software development that frees the world’s largest enterprises from the pitfalls of legacy code and allows them to focus on innovation to drive business and maintain a competitive edge.”