22 November 2022

Times International and SaaScada partner to deliver innovative trade and commerce financial solutions

Global trade is forecast to increase between 30% and 70% by 2030, with 80% relying on trade finance. With traditional merchant banks struggling to meet the challenges of digitisation needed to deliver faster trade flows, Times International will focus on bridging the current supply chain funding gaps, offering market leading digital finance and FOREX services to SMEs in addition to insurance and logistics.  

Times International will initially launch as a wholesale funded lender in the first quarter of 2023 and apply in parallel for approval to become a fully regulated Bank. 

SaaScada’s flexible and scalable technology has been selected to deliver the core banking solution and the team will work closely with Times International to build a cohesive eco-system of financial technology suppliers.

This will deliver greater transparency and an elevated customer experience for all users across the full trade cycle which will deliver international trade finance to SMEs in the UK, continental Europe, and APAC.

Times International chose SaaScada’s core banking technology due to both the excellence of its platform and alignment of sustainability goals.  With an increased expectation for ESG accreditation driving behaviours, the need to simplify the supply chain through directly contracted trade has created a growing need for finance options for SMEs.

SaaScada’s data architecture is designed to enable fast and efficient reporting of financial data as well as consumption of external data, making it possible for Times International to interrogate data sourced from traditional market sources such as Bill of Lading & Customs Data in conjunction with their customer data. SaaScada’s data approach combined with open APIs, will enable one-click SME access to reporting across the Times International portal and minimise rekeying of data for faster and efficient customer verification, processing and approvals.

Importantly, the easy access to real-time data will facilitate both self-assessed and 3rd party assessment of ESG performance to ensure that transactions meet the criteria of green deposits.

Steve Round – ‘SaaScada are very excited to be part of this venture which will power finance to facilitate shorter supply chains and support SMEs to deliver more sustainable global commerce. We are very much looking forward to working closely with Times International to develop their offering and deliver real change in international trade.

Steve Rose – ‘Our partnership with SaaScada will enable us to offer finance solutions not traditionally available to SMEs in this space.  SaaScada’s unique data architecture and extremely flexible product configuration will enable us to support our customer base and respond quickly to their changing needs, which is especially important in the current global economic climate.  Culturally, their shared sense of purpose for sustainability and collaborative approach has made us a natural fit. ‘ 

Jody Roblin

Jody Roblin

Chief Marketing Officer

Jody has over 25 years’ experience in financial services and fintech marketing in Australia and the United Kingdom. Jody has delivered success for both start-ups and scale-ups, with a keen focus on customer outcomes and sustainability.

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