Tagged: finastra

Finastra and Tesselate Launch Trade Finance Service

Finastra, a provider of financial software applications and marketplaces, and Tesselate, a consultancy, have announced the launch of an end-to-end pre-packaged service for faster and easier online trade finance. Tegula Trade Finance as a Service, powered by Finastra Trade Innovation and Corporate Channels, enables US… Read More

US Financial Institutions Expected to Invest in AI Adoption, Banking as a Service, Embedded Finance – Report

Finastra’s annual survey reveals that, despite global economic uncertainty, US financial institutions are primed to invest in artificial intelligence (AI), Banking as a Service (BaaS) and embedded finance, “striking an optimistic tone for innovation.” The ‘Financial Services: State of the Nation Survey 2023’ finds that… Read More

Fintech Platform Finastra, ELCY to bring Corporate Trade Finance Portal to Market

Finastra, a global provider of financial software applications and marketplaces, is partnering with ELCY, a specialist in e-commerce solutions for the processing of international trade finance, to provide a trade finance solution for corporates. The Corporate Trade Finance Portal from Finastra and ELCY will “enable… Read More

Monica Eaton of Chargebacks911: Fintech Exec Explains Why Banks Embrace Open Banking, Data Analytics for Trade Finance Operations

We recently sat down with Monica Eaton from Chargebacks911 to gain more insights regarding the partnership between Finastra and Microsoft and how it addresses the requirements of corporate clients. Eaton, founder and CEO at Chargebacks911, also commented on how the collaboration addresses the challenges banks face… Read More

Fintech Finastra Enhances Loan Document Solutions with LaserPro in the Cloud

Finastra announced that LaserPro, its loan document preparation system used by more than 2,500 financial institutions, is now available in the cloud. This strategic launch of LaserPro in the cloud streamlines loan document compliance management capabilities “for financial institutions with a Software as a Service… Read More

Hong Kong Tech Firm, ASL, Accelerates Growth in Fintech Services with Finastra

Automated Systems Holdings Limited (ASL), a global IT solutions and services provider, has strategically partnered with Finastra, a global provider of financial software applications and marketplaces, “to bolster its industry-specific DevSecOps business and strengthen its fintech trajectory.” Under this partnership, ASL has become “the sole… Read More

Open Banking: Finastra, MX Partner

Fintech software provider Finastra is partnering with MX Technologies – an open banking or “open finance” provider. According to a company statement, Finastra will be integrating MX’s Personal Financial Management (PFM), Insights, and Account Aggregation solutions with Finastra’s Fusion Digital Banking solution. Raymond den Hond,… Read More

Salve Financial Hub Selects Finastra to Address Payment Delays for Corporates

Finastra, a global provider of financial software applications and marketplaces, announced that Salve Financial Hub SpA (Salve FH), a European payments processing startup based in San Marino, has selected Finastra Essence in order :to reduce payment delays resulting from over compliance.” Finastra‘s SaaS solution, integrated… Read More

Financial Software: Melton Building Society Selects Finastra to Meet Evolving Client Requirements

Finastra, a global provider of financial software applications and marketplaces, announces that Melton Building Society has selected Finastra Essence, “deployed on Microsoft Azure cloud, to digitally transform its operations and provide the agility required to quickly implement new services.” Finastra‘s SaaS solution will “enable the… Read More

Finastra Certified for FedNow, One of the First

Financial tech provider Finastra says it has been approved for the new FedNow Service launching in the next few weeks. FedNow is a US government initiative to power real-time payments. The service will be integrated into Finastra’s Payments To Go platform and will later be… Read More

Sustainability: Green RWA, Finastra Introduce Platform for Climate Risk Management

Finastra, a global provider of financial software applications and marketplaces, and Green RWA, a pioneering association in climate transition, announced the launch of the Climate-Extended Risk Model (CERM) Sandbox. The new platform reportedly “offers an interactive and immersive experience for banks to understand and manage… Read More

Brazil: Banco Sofisa, Fintech Finastra to Enhance Risk Management Strategy

Finastra has announced that Banco Sofisa, a nationally ranked São Paulo, Brazil-based financial institution known for its Sofisa Direto digital bank, has partnered with Finastra “to implement Vector Risk, a market and credit risk solution.” Delivered via Finastra’s FusionFabric.cloud and hosted on Microsoft Azure, Vector… Read More

Digitalization: Migration of Finastra Fusion Phoenix Core Solution to Cloud Announced by First Citizens Bank

Finastra announced that First Citizens Bank of Iowa and Minnesota, a family-owned community bank headquartered in Mason City, Iowa, has “expanded its collaboration with Finastra, migrating Finastra’s Fusion Phoenix core solution from on-site hosted to the cloud.” The bank will leverage its new core capabilities… Read More

Digital Transformation: US Community Banks Claim Lending Is “Ripe” for Digitalization

Finastra research reveals that just one in ten financial institutions are “not currently seeking to integrate fintech solutions, indicating that 90% are actively pursuing new fintech partnerships to improve their offerings.” A key pain point is “the automation of digital workflows, with respondents saying only… Read More

Finastra, Fintech Plaid to Give Acct Holders Access to Financial Tech Apps

Finastra announced that Plaid, the open finance provider, is now integrated within Finastra’s Fusion Digital Banking platform. The partnership, delivered via Finastra‘s FusionFabric.cloud open APIs, “provides financial institutions of all sizes within the Finastra ecosystem with account verification tools, making it easier and more secure… Read More

Financial Tech Firm Finastra Partners with Alygne on ESG Data

Finastra, a financial services tech stack provider, has announced a partnership with Alygne to provide “tailored ESG alternative data” to assist asset managers interested in ESG investments. Fabien Féron, Senior Product Manager at Fusion Invest at Finastra, said that making investments that align with values… Read More

FedNow Nears. Finastra, a Member of FedNow’s Pilot Program, Comments on Forthcoming Real Time Transfer Service

FedNow, the US Federal Reserves – a near real-time transfers platform that will soon be made available to all banks in the United States, will enable individuals and businesses to move their money in a frictionless manner. In development for years, FedNow is currently scheduled… Read More

Finastra’s ESG Service to Support Banks in Delivering Sustainable Lending Experience

Finastra has announced the availability of its ESG Service, a cloud-native SaaS solution that streamlines sustainability-linked lending. Open and scalable, ESG Service “facilitates the integration of sustainability performance target criteria into ESG pricing for both Finastra Loan IQ and other back-office systems in the market.”… Read More

Finastra Introduces Cloud-enabled Risk Management Solution for Community Banks

Finastra recently unveiled Finastra ALM IQ, a risk management solution available for banks from March 2023. The unique Cloud-based balance sheet management tool “enables small and medium-sized banks to make confident decisions in shorter timeframes, making them more competitive against larger financial institutions.” ALM IQ… Read More

FinWise Bank Selects Finastra to Power Banking Platform

FinWise Bank has selected Finastra to power its core banking platform. Finastra is a global software provider for digital banking services. FinWise banks is based and Utah and touts its relationships with Fintechs in the US. FinWise said the new tech will help its offerings… Read More