Union Systems Limited (USL), Nigeria’s leading provider of trade finance and treasury technology, recently convened trade finance and treasury leaders for an exclusive industry soiree. The gathering served as the platform for Union Systems to unveil a suite of transformative product innovations, reinforcing its position at the forefront of digital transformation in trade finance and treasury management.
Building for Nigeria’s operational realities
Opening the evening, Union System’s CEO, Chuks Onyebuchi, highlighted the structural challenges that continue to define the operating environment for Nigerian banks: tightening regulatory requirements, siloed legacy systems, mounting pressure to accelerate turnaround times, and the relentless demand to grow revenue while keeping costs in check.
“Nigeria’s banking ecosystem deserves more than generic trade finance and treasury applications,” Onyebuchi said, “It deserves technology built with a deep understanding of our markets, our regulations, and our regional realities. For over two decades, that has been our singular mission, to bring sanity to trade finance and treasury operations and transform how banks manage these critical functions.”
Today, Union Systems’s software solutions power some of Nigeria’s most respected banks, including Fidelity Bank, FCMB, Wema Bank, Coronation Merchant Bank, Rand Merchant Bank Nigeria, Premium Trust Bank, Signature Bank, among others, processing trade and treasury transactions that underpin the country’s real economy.
Kachasi trade finance software gets smarter with AI
One of the evening’s centrepiece announcements was a significant advancement to Kachasi, Union System’s flagship trade finance software that has already reshaped how Nigerian banks manage their trade finance operations.
The new Kachasi enhancements include AI-powered shipping document screening, which includes automatic document lodgement, verification, and compliance checking, significantly cutting the time and effort required to process trade documents.
Kachasi’s reporting engine will now include AI-powered trade business intelligence, which will enable trade finance teams to identify more revenue opportunities, manage risk, and make smarter data-driven decisions.
Kachasi on the cloud
USL also announced Kachasi as a Service (KaaS), a cloud-hosted subscription model that fundamentally changes the economics of deploying world-class trade finance technology. By offering banks the choice between on-premise deployment and the cloud, KaaS enables banks to automate their trade operations without the burden of heavy infrastructure costs.
Egora: Treasury management system for the forward-thinking banks
Also showcased was Egora, Union Systems’ treasury management system, designed to replace fragmented legacy setups with a single, intelligent front-to-back platform. Egora delivers a true, whole-bank view of cash, securities, and risk across banking, trading, and investment books.
Built with the same deep contextual understanding of Nigerian and regional market realities that made Kachasi a market leader, Egora understands the complexity of modern treasury operations and has retail treasury functionality available as a standard offering out of the box.
Introducing USL Academy
Rounding out its announcements, Union Systems introduced USL Academy, its dedicated training arm that will deliver role-based, hands-on training programmes across the company’s full suite of products. The Academy is premised on a critical insight that technology investment yields its full return only when the people using it are truly empowered to maximize the capabilities of the software solutions.
USL Academy programmes are designed to combine technical system training with real-world operational scenarios, ensuring that institutional knowledge is embedded across teams rather than concentrated in a handful of individuals. For bank executives, this translates directly into operational resilience and sustained returns on technology investment.
Leading the charge for trade finance and treasury innovation
The evening’s announcements paint a clear picture of a company that has not only kept pace with the evolution of trade finance and treasury technology but is actively shaping its direction in Nigeria. By continuously investing in innovation, listening to industry needs, and building solutions that simplify complexity, Union Systems is leading the charge.
As banks look to modernize their operations and stay competitive in an increasingly demanding environment, Union Systems continues to position itself as the technology partner of choice for forward-thinking banks.
