Tagged: finastra

Finastra Opens New Office in Romania

UK-based fintech Finastra announced last week it has opened a new office in Bucharest, Romania. According to Finastra, the new site hosts more than 550 employees and contractors. It is located in the brand new Orhideea Towers in the business district of Bucharest. The move offers… Read More

NatWest Launches Blockchain based Syndicated Loan Market to Address £3.5 Trillion Global Market

NatWest has announced the launch of a syndicated loan market built on blockchain. The goal is to “dramatically transform and streamline the global syndicated loans market.” NatWest partnered with Fusion LenderComm, a platform built by Finastra. The new platform will go-live in November. NatWest notes… Read More

Finastra Joins Bahrain Fintech Bay Hub: Now Seeks to Accelerate Bank & Fintech Collaboration in the Middle East Region

UK-based Finastra announced on Thursday it has joined the Bahrain FinTech Bay hub, which reportedly brings financial service players from various financial institutions, banks, and investors to fintech companies, developers, industry bodies and academics in order to drive innovation and create new growth opportunities. Finastra… Read More

Harmonic Fund Services Goes Live With Finastra For Loan Servicing

Harmonic Fund Services has gone live with Finastra’s Fusion Loan IQ solution. The independent fund administration and alternative asset fund servicing firm will reportedly leverage Finastra’s platform to provide a new loan administration and agency service to its diverse alternative investment funds client base. While sharing… Read More

Finastra Announces Acquisition of Malauzai

Finastra announced on Monday it has acquired Malauzai, a Texas-based provider of mobile and Internet banking solutions for community financial institutions. The company reported that this new deal reflects its commitment to the U.S. retail and business banking sectors by further enabling digital transformation for… Read More

Finastra Adds Four U.S. Fintechs to Open Platform to Increase Innovation Collaboration in Financial Services

On Tuesday, Finastra welcomed four early adopters to its FusionFabric.cloud open platform. US-based Fintechs, including Tradle, Conversation.one, Active Allocator and GreenPoint Financial, are now on board to design and create apps on Finastra’s platform. According to Finastra, the addition of the fintechs represents the next wave of… Read More

Horicon Bank Teams Up With Finastra & Malauzai To Launch New Digital Banking Platform

Fintech

Horicon Bank announced this week it teamed up with Finastra and Malauzai to launch its new full digital banking platform for both its retail and business customers. The bank successfully launched the online and mobile banking platform for retail customers in January 2018 with plans… Read More

Finastra Announces Participation in Finance Innovation Hub to Drive Fintech Collaboration in France

UK-based fintech Finastra announced on Wednesday it has joined Finance Innovation, which is described as a community that supports innovation across all areas of financial service in France. The company reported its participation in the Finance Innovation program is to drive fintech collaboration in France. … Read More

Citizens Bank Partners With Finastra & Infosys For Trade Finance Solution

Citizens Bank announced on Thursday it is teaming up with Finastra and Infosys to power the trade finance solution it is offering to its corporate clients. According to Citizens Bank, the solution will enable its corporate clients to digitize traditionally paper-based trade processes, which may… Read More

Finastra’s Blockchain-Based Solution Fusion LenderComm Goes Live

UK fintech Finastra announced on Tuesday its blockchain-based solution, Fusion LenderComm, is now commercially available as an app on R3’s Corda platform for financial institutions operating in the syndicated lending market. The launch was announced at the LSTA Operations Conference in New York. Finastra reported that following a pilot,… Read More

Vietcombank Selects Finastra to Drive Digital Transformation Initiatives

UK-based fintech Finastra announced last week it was selected by the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to drive its digital transformation initiatives. Finastra reported its technology will streamline and automate Vietcombank’s operational processes and improve overall customer experience to enhance… Read More

Finastra Announces Acquisition of Olfa Soft SA

UK-based fintech firm Finastra announced on Tuesday it has acquired Olfa Soft SA and its FX e-trading platform for banks and financial institutions. According to Finastra, the acquisition enables the company to deliver an end-to-end real-time eFX trading solution for banks’ treasury departments, covering distribution, position-keeping, post-trade,… Read More

Finastra Welcomes New Companies to FusionFabric.cloud Platform; Names Thomas Reuters New Data Provider

Earlier this week, UK-based fintech firm Finastra welcomed new companies Efficiency MC, Conpend, and BankBI to the platform-as-a-service (PaaS) solution FusionFabric.cloud open architecture. The company reported: “FusionFabric.cloud unlocks innovation by fostering open collaboration within an ecosystem of development partners. A major innovation for financial services, it opens up… Read More

Finastra Presents its HK Future of Banking Center of Excellence, Partners with McKinsey

Finastra, a Vista Equity Partners portfolio company, has newly established its Future of Banking Center of Excellence at Cyberport in Hong Kong. This strategic move is part of the worldwide program at Finastra to continue to build its innovation ecosystem and collaborate with strategic partners… Read More

Finastra Appoints Ex Calypso CPO to Lead Global Field & Customer Engagement

Finastra announced on Monday it has appointed Pedro Porfirio as its new lead of global field and customer engagement with capital markets customers and prospects. According to the fintech company, Porfirio will drive the growth of the company’s entire capital markets business line spanning treasury, capital… Read More

Canadian Onboarding Software Provider thirdstream Announces Partnership With Global Fintechs Finastra

thirdstream, a Canadian-based onboarding software provider, announced on Monday it has formed a partnership with global fintech Finastra. thirdstream reported that it will be integrating Payment Manager from Finastra into its onboarding platform, cumulus. This will allow thirdstream to offer its financial services clients key technologies that will further streamline the account opening process in-branch… Read More

Finastra Teams Up With R3 & Seven Banks to Create Distribute Ledger Technology Platform

UK-based fintech firm Finastra announced on Thursday it has teamed up with R3 and seven banks to create an online marketplace to drive transparency and efficiency in the syndicated loan market. Finastra reported that R3’s distributed ledger technology (DLT) based platform, Fusion LenderComm exposes real-time credit agreement, accrual… Read More

Finastra Adds Three Companies to Client Roster

Finastra announced on Tuesday it recently added several credit unions to its growing client portfolio, based on its ability to provide a complete suite of lending, enterprise, and retail solutions. Among the latest credit unions added to the client roster are TruMark Financial Credit Union located… Read More

Finastra Update: Early Adopters Now Developing & Running Apps on FusionFabric.cloud

Fintech

Finastra, created by the merging of Misys and D+H, announced on Wednesday early adopters are now developing and running apps on FusionFabric.cloud. The company stated that fintechs, consultants, banks, and academics are now using the open technology platform to create and deploy apps, which may… Read More

Newly Formed Finastra Signs Agreement with IBM on Banking Technology, Fintech

Finastra, created by the merging of Misys and D+H, and IBM (NYSE: IBM) have reached an agreement to explore how Finastra can transform their banking operations with IBM Cloud and Cognitive technologies. The two companies plan to bring IBM technology into the Finastra open architecture to enrich… Read More

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