Union Systems rolls out Optimus,  Nigeria’s First Multi-bank Trade Finance Portal.

Union Systems rolls out Optimus,  Nigeria’s First Multi-bank Trade Finance Portal.

Union Systems Limited, a Nigerian financial technology startup, has rolled out a new product, dubbed Optimus, the first multi-bank international trade finance portal in Nigeria.

Optimus is a cloud-based application that allows corporates to initiate, process as well as manage international trade transactions across banks from a single portal.

The app enables corporates to have a integrated view of all their trade transactions with different banks without visiting the banking hall.

With Optimus, corporates can work and communicate with their teams, suppliers, bankers and other relevant stakeholders in the trade finance value-chain from anywhere at all.

Chief Executive Officer (CEO) of Union Systems Limited, Chuks Onyebuchi said, “We are very excited to introduce Optimus to the African market starting with Nigeria. Optimus has finally given corporates the control they have always demanded from their banks. It promotes collaboration on trade instruments among stakeholders unhindered by time zones, personal contact, and channel. The product is intuitive making business users far less reliant on technical support from their IT staff and bank account managers.”

Optimus solves the problem of corporates hassling to log in to many bank portals to initiate trade transactions with different banks. However, Optimum allows such transactions to be made and monitored from a single Portal.

Also, Head of Marketing at Union Systems Limited, Ngozi Ilondu said, “Optimus comes at the nick of time to address the unmet demands of the corporates and to support both corporates and banks to thrive in this new normal created by the pandemic. Optimus will decentralize trade finance operations for corporates by putting them in charge of their operations and interactions with their bank partners.”

Union Systems Limited (USL) which was founded in 1994 is an Information Technology Company that provides financial software solutions and professional services to major banks in Africa. The headquarters of USL is in Lagos but supports customers in 19 African countries.


Tosin Agboola

Reporter with Ouut Africa.

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