Union Systems unveils cloud and AI tools to modernize Nigerian trade finance
Union Systems has launched a series of new innovations aimed at transforming trade finance and treasury management in Nigeria. The company unveiled its latest offerings at a recent event, including a cloud-based subscription service designed to cut infrastructure costs for banks.
The updates come as Nigerian financial institutions face growing pressure from stricter regulations and outdated technology systems. Among the key announcements was Kachasi as a Service (KaaS), a cloud-hosted model allowing banks to deploy trade finance technology without heavy upfront investments. This subscription-based approach reduces the need for costly infrastructure while maintaining flexibility.
The company also showcased enhanced versions of Kachasi, its flagship trade finance software. New AI-powered features now include automated shipping document screening and advanced trade business intelligence. These upgrades aim to streamline operations and improve decision-making for banks.
Another highlight was Egora, Union Systems’ treasury management system. Designed as a single, intelligent platform, it replaces fragmented legacy setups with a unified front-to-back solution. The system supports real-time processing of trade and treasury transactions, helping banks serve Nigeria’s real economy more efficiently.
In addition, the firm introduced USL Academy, a training division offering role-based, hands-on programmes. These courses cover the full range of Union Systems’ products, ensuring bank staff can maximise the new tools.
Chuks Onyebuchi, CEO of Union Systems, pointed to the challenges facing Nigerian banks today. Tighter regulations, siloed legacy systems, and demands for faster transaction processing are pushing institutions to modernise. The company’s latest innovations are built to address these issues directly.
Union Systems’ software already powers major banks in Nigeria, including Fidelity Bank, FCMB, and Wema Bank. Its solutions process critical trade and treasury transactions that underpin the country’s economic activity. The new offerings reinforce Union Systems’ role as a leader in digital transformation for trade finance and treasury management. Banks adopting these tools can expect reduced operational complexity, lower costs, and faster transaction handling.
With AI-driven upgrades, cloud-based deployment options, and dedicated training, the company continues to shape how financial institutions in Nigeria manage trade and treasury operations.
