Tagged: finastra

May 9, 2023 @ 12:28 pm By Omar Faridi  |  

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

May 2, 2023 @ 6:17 pm By Omar Faridi  |  

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

April 23, 2023 @ 6:04 pm By Omar Faridi  |  

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

April 18, 2023 @ 2:08 pm By Omar Faridi  |  

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

April 11, 2023 @ 10:11 am By JD Alois  |  

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

March 16, 2023 @ 7:09 pm By JD Alois  |  

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

March 13, 2023 @ 8:42 am By Omar Faridi  |  

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

February 5, 2023 @ 4:07 pm By Omar Faridi  |  

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

December 22, 2022 @ 9:33 am By JD Alois  |  

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

December 21, 2022 @ 5:30 pm By Omar Faridi  |  

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

December 12, 2022 @ 8:11 am By Omar Faridi  |  

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

December 10, 2022 @ 6:32 pm By Omar Faridi  |  

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

December 2, 2022 @ 12:33 pm By Omar Faridi  |  

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

November 23, 2022 @ 3:11 pm By Omar Faridi  |  

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

November 8, 2022 @ 10:57 pm By Omar Faridi  |  

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

November 5, 2022 @ 4:40 pm By Omar Faridi  |  

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

November 1, 2022 @ 6:17 pm By Omar Faridi  |  

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

October 25, 2022 @ 10:58 pm By Omar Faridi  |  

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

October 19, 2022 @ 3:00 pm By Omar Faridi  |  

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

October 18, 2022 @ 11:17 pm By Omar Faridi  |  

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