Finastra launches ESG solution for sustainable lending

Finastra has launched its ESG Service, a cloud-native SaaS product that simplifies lending for sustainable practices.

The ESG Service is an open and scalable platform that makes it easier to integrate sustainability performance goal criteria into ESG pricing for Finastra Loan IQ and other back-office systems on the market.

In addition, with the help of SaaS-based services, banks will be able to quickly roll out a highly flexible and comprehensive sustainability-linked financing solution to all cooperating clients.

Complex pricing systems with several moving pieces are used in sustainability-linked loans, and they must be compared to the sustainability goals stated in the credit agreement. This can limit bank resources, constrict their ability to offer ESG products, and increase the risks involved with manual processes.

Banks can quickly expand their lending portfolios for sustainability-linked loans at scale while lowering the risks associated with manual processes by using an automated solution to manage the KPIs and ESG pricing modifications.

Finastra is a global provider of financial software applications and markets that introduced FusionFabric.cloud, the open platform for innovation, in 2017.

Learn more: Private Banker International