Finastra delivers new financing options through Microsoft Dynamics 365

Finastra delivers new financing options through Microsoft Dynamics 365
Unsplash/Bram Naus

Business-as-a-service solution will enable SMEs to access lending through the platform

Elly Yates-Roberts |

Financial services technology provider Finastra is delivering new financing options for small and medium-sized enterprises (SMEs) on the Microsoft Dynamics 365 platform.  

Finastra’s banking-as-a-service (BaaS) solution will enable businesses to access vital lending opportunities directly within Dynamics 365 by using data already stored by SMEs in Dynamics. Banks will be able to use businesses’ accounts receivable and payable records, which will reduce lending decision time.   

“We are proud to further expand our relationship with Finastra to drive new value for SMEs, the backbone of job creation in the world’s economy,” said Bill Borden, corporate vice president of worldwide financial services at Microsoft. “By embedding secure access to key financial services in the context of Microsoft Dynamics 365, our SME customers will have a faster path to the financing options and critical capital they need to thrive.” 

According to Finastra, its network of over 5,000 financial institutions in the USA will allow SMEs to access financing options most relevant to their business needs. 

“We are extremely excited to bring this additional finance capability to SMEs to ease the process of accessing capital and power competitive financing offers in less time,” said Angus Ross, chief revenue officer of BaaS at Finastra. “This lending proposition for Microsoft Dynamics 365 reinforces Finastra’s leadership in open and embedded finance. It demonstrates the huge benefit that embedded and contextual finance will bring to the industry and the communities within it.  

“We look forward to continuing our long-standing collaboration with Microsoft and working closely on this and future impactful projects.” 

The BaaS solution will be integrated with Dynamics 365 via Finastra's platform. It is expected to be available to North American customers in summer 2022.  

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