Tagged: finastra

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

Finastra to Help Mechanics Cooperative Bank Provide Seamless Payments

Finastra announced that Mechanics Cooperative Bank, a Massachusetts-based financial institution with more than $645 million in assets, has selected Finastra Payments To Go “to introduce new business payments services and enhance the customer experience.” The multi-rail payments hub “empowers Mechanics Cooperative Bank to leverage the… Read More

Open Banking Considered Essential by US Financial Institutions, Survey Reveals

Finastra research reveals that views on Open Banking in the United States have “matured over the last year, with 68% of respondents considering it either a ‘must have’ or ‘important’, up from 48% last year.” Of those who have integrated Open Banking, 100% now say… Read More

Finastra, Veem to Provide Banks with Digital AP, AR Solutions

Veem, an accounts receivable (AR) and accounts payable (AP) network for small and medium-sized businesses (SMBs), announced a partnership with Finastra, a global provider of financial services software applications and marketplaces, “to offer business payments via a native integration with Finastra’s Fusion Digital Banking Platform.”… Read More

Finastra, Clinc to Enhance Digital Engagement, Reduce Service Agent Workload

Finastra announced that Clinc, the conversational AI specialist serving global financial institutions, will “deliver its Virtual Banking Assistant technology fully integrated within Finastra’s Fusion Digital Banking platform.” The application “enables Finastra’s bank and credit union customers, utilizing Fusion Digital Banking as their digital platform, to… Read More

Finastra Onboards Fragmos Chain’s Blockchain Platform for Digitalization of OTC Derivatives Post-Trade

Finastra announced a collaboration with Fragmos Chain, a blockchain platform which digitalizes interactions between financial institutions, “to provide Finastra customers with out-of-the-box integration with Finastra Summit, its over-the-counter (OTC) derivatives market solution.” The API-first integration, via FusionFabric.cloud, “enables banks globally to digitalize their OTC derivatives… Read More

Finastra, Jifiti to Deliver Embedded Finance to Financial Institutions

Finastra, a global provider of financial software applications and marketplaces, and Jifiti, a global fintech company, announced a collaboration “to extend embedded finance capabilities to all financial institutions in the Finastra BaaS (Banking as a Service) ecosystem.” Banks will be able “to deliver financing offerings… Read More

Pakistan: Finastra’s Fusion Trade Innovation Solution Supports Lower Transaction Costs for NBP Clients

Finastra has announced that NBP (National Bank of Pakistan) has implemented Finastra’s Fusion Trade Innovation solution “to power its trade finance operations.” InfoTech (Pvt) Ltd., a systems integrator and Finastra’s exclusive authorized and certified reseller in Pakistan, “led the deal and implemented the solution, which… Read More

Glia, Finastra to Accelerate Transition to Digital-First Customer Service for Financial Institutions

Glia, the provider of Digital Customer Service (DCS), has teamed up with Finastra, a global provider of financial software applications and marketplaces, “to help financial institutions to improve the digital customer experience.” Via its FusionFabric.cloud platform and Fusion Digital Banking solution, Finastra will “offer Glia’s… Read More

Delta National Bank Selects Finastra’s Cloud-Native Core, Payments Hub

Finastra recently announced that Delta National Bank & Trust Company has selected Fusion Essence and Fusion Payments To Go “as its new retail core banking and payments solutions to modernize its digital banking infrastructure.” The move will also “support better customer experiences for its international… Read More

Larky’s nudge Added to Finastra’s Fusion Virtual Banking Platform

Larky, a fintech provider proactively connecting financial institutions with their audience in the right place and at the right time, has teamed up with Finastra to “provide enhanced mobile banking solutions for its customers.” Larky’s nudge is now “available on Finastra’s mobile banking platform, enabling… Read More

Finastra’s Core Solution to Help Belize Bank Achieve Business Expansion Goals

Finastra recently announced that The Belize Bank Limited, one of the largest banks in Belize, providing retail, corporate and commercial banking services, “successfully migrated the business of Scotiabank (Belize) Limited onto the Fusion Essence core banking platform following an acquisition facilitated by its parent company,… Read More

Kotak Mahindra Bank Teams Up with Finastra to Support Integrated Corporate Banking

Finastra has announced that it has partnered with Kotak Mahindra Bank to support its new integrated corporate banking portal, Kotak FYN, “using Finastra’s Unified Corporate Portal solution.” Kotak Bank and Finastra have been working together since October 2021 “to expand the Kotak FYN portal for… Read More

Finastra Research: Open Finance Platforms are Making Progress

  Finastra revealed a sneak peek at its annual State of the Nation Financial Services research. Results point to the significant progress the industry “has made around open finance and collaboration, despite the challenging market conditions of the last few years.” The research takes in… Read More

Finastra, Visa Announce BaaS Offering Integrating Visa Direct

Finastra and Visa ( NYSE: V) announced a Banking as a Service (BaaS) collaboration to co-develop new functionality on its Payments Hub solutions and implement Visa Direct – which provides access “to more than two billion accounts through push to account offerings.” The new capability… Read More

Finastra, HSBC to Bring Banking as a Service FX Capability to Mid-Tier Banks

Finastra and HSBC (NYSE: HSBC) announced that they are working together “to distribute HSBC’s FX services via Finastra’s FusionFabric.cloud platform under a Banking as a Service (BaaS) experience.” This collaboration will “take advantage of the best elements of modern API-driven connectivity with licensed institutions’ secure,… Read More

Embedded Finance: Finastra Introduces Consumer Lending Solution

Finastra recently unveiled its embedded consumer lending solution, “enabling access to traditional regulated lending options for consumers at point-of-sale (POS).” Financial institutions, distributors and merchants will “benefit from a platform that makes it easy for their customers to access lending options.” For end consumers, Finastra… Read More

Rabobank Extends Collaboration with Finastra for its Payments Hub

Finastra recently announced that Rabobank – a large international financial services group headquartered in the Netherlands – has selected “the latest version of Fusion Global PAYplus for increased efficiency and innovation in payments.” Finastra‘s payments hub will also “help the bank migrate to the new… Read More

Mindtree and Finastra to Provide Managed Services Payments Solutions in the Nordics, the UK, Ireland

Mindtree (NSE: MINDTREE), a global tech services and digital transformation company, and Finastra, a financial technology provider, has announced a partnership to bring Finastra’s Fusion Payments To Go payments technology “to banks in the Nordics, the UK and Ireland, as a managed service.” As part… Read More

Finastra Appoints Isabel Fernandez to Support Lending Business Growth

Finastra has confirmed the appointment of Isabel Fernandez, a “highly” regarded senior banking and technology executive, “to the role of EVP for the company’s Lending Business Unit, effective May 2022.” Isabel will be “part of Finastra’s recently expanded leadership team as the company pivots to… Read More

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