• About
  • Advertise
  • Careers
  • Contact Us
Wednesday, June 25, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home News

Finverity Expands FinverityOS Product Range as it Appoints Key New Hires

by Peter Oluka
October 19, 2023
in News
2
Finverity expands FinverityOS
Finverity expands FinverityOS

Finverity expands FinverityOS

UBA
Advertisements

Finverity, the trade and supply chain finance digital ecosystem, today announced the expansion of FinverityOS to cover 7 products, the launch of custom product creation, and the appointment of Ben Grant as Commercial Director and James Bowyer as SaaS Sales Director. 

The expansion of the FinverityOS offering has been specifically designed to meet the needs of local and regional banks and NBFIs (non bank financial institutions) globally, enabling them to fully digitalise their operation and manage all their working capital and supply chain finance products on one operating system, now and in the future.

This comes at a crucial time: the latest research from BIS (Bank of International Settlements) highlights the significant disparity between how trade and supply chain finance is currently serviced vs. the needs of global trade.

It estimates 30% of annual trade finance is provided by just 40 Tier 1 global banks, focused on servicing multinational corporations. In contrast, the remaining 70% of global trade is either not financed at all, ‘the $2.5tn trade finance gap’, or financed sub-optimally by tier 2-4 local and regional banks, using paper documentation, spreadsheets, and repurposed software, which severely limits their operational capabilities.

FinverityOS is fast, simple, affordable and secure and can be deployed in just 30 days, proving to be the fastest and most complete way for banks and NBFIs to optimise their working capital and supply chain finance operation, enabling them to address the existing market more effectively and start tackling the trade finance gap.

The implementation results speak for themselves, including on average a 23% increase in interest revenue from existing facilities and a 700% increase in the number of invoices processed per week.

The seven products supported by FinverityOS are payables finance, receivables finance, distributor finance, purchase order finance, inventory finance, Islamic finance and loan products, together with a “create a deal” tool enabling banks and NBFIs to create and customise their own trade and supply finance products directly on FinverityOS.

FinverityOS is provided white label, enabling banks and financial institutions to apply their own brand identity in all client interactions.

To drive the growth of FinverityOS globally, Finverity has appointed Ben Grant as Commercial Director and James Bowyer as SaaS Sales Director.

Ben’s remit includes developing and implementing commercial strategies and processes to support Finverity’s meteoric growth, as well as developing its strong base of commercial partners. Ben brings 25 years of technology and software commercial experience, having led successful teams in large companies including BSi and Alternative Networks and Dun & Bradstreet. Most recently, Ben headed up the partnerships and commercial function at receivables finance specialist Aronova Interactive.

“FinverityOS provides comprehensive digitalisation of a bank’s trade and supply chain finance operations and is built to adapt around a bank’s needs, not vice-versa. I look forward to demonstrating the turnarounds that can be achieved when digitalisation is properly and fully implemented,” said Ben Grant, Commercial Director, Finverity.

James Bowyers’ remit focuses on expanding FinverityOS to ambitious but underappreciated local and regional financial institutions in new markets, including Eastern Europe, Nordics and the Middle East. James Bowyers was previously an Associate Director in Demica’s Platform Solutions team.

“Banking and financial institutions have been searching for a single, adaptable solution to manage all their trade and supply chain finance products on one SaaS system, ideally under their own brand. This is exactly what FinverityOS’s white label SaaS provides: an unparalleled technological offering with the added flexibility for client financial institutions to harness a spectrum of working capital products in one, affordable system.” said James Bowyer, SaaS Sales Director, Finverity.

“We are building the only truly global digital ecosystem for open account trade, and FinverityOS is the very core of that ecosystem. We remain committed to growth markets where most vendors don’t dare to go and to the funders who need us most across the Middle East, Africa and CEE, where Finverity’s focus on digitalising trade and supply chain finance is the surest and most efficient way to channel much needed capital to start closing the $2.5trn trade finance gap,” said Alex Fenechiu, COO & Co-founder, Finverity.

Loading

Advertisements
MTN ADS

Author

  • Peter Oluka
    Peter Oluka

    Peter Oluka (@peterolukai), editor of Techeconomy, is a multi-award winner practicing Journalist. Peter’s media practice cuts across Media Relations | Marketing| Advertising, other Communications interests. Contact: peter.oluka@techeconomy.ng

    View all posts
0Shares
Tags: FinverityFinverityOS
Peter Oluka

Peter Oluka

Peter Oluka (@peterolukai), editor of Techeconomy, is a multi-award winner practicing Journalist. Peter’s media practice cuts across Media Relations | Marketing| Advertising, other Communications interests. Contact: peter.oluka@techeconomy.ng

Next Post
How Prembly Powers 3MTT

How Prembly Powers Nigeria's "3 Million Technical Talent Program (3MTT)"

Comments 2

  1. Pingback: Finverity and Tesselate Group Ink Deal on Working Capital Financing - Tech | Business | Economy
  2. Pingback: Finverity Announces Strategic Executive Appointments to Drive Next Phase of Growth - Tech | Business | Economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

​StartupSouth Introduces TLNTPLus, a Career Acceleration Platform

3 years ago

Open Source: The Future of Continued Innovation

3 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.