Tagged: finastra

March 23, 2020 @ 8:15 am By JD Alois  |  

On March 20, 2020, Finastra, a financial services software provider, announced that a “bad-actor” was attempting to introduce malware into their network in what was described as a “common ransomware attack.” Finastra is a company spanning retail banking, transaction banking, lending, and treasury and capital… Read More

March 21, 2020 @ 4:14 pm By Omar Faridi  |  

UK-based Fintech firm Finastra has reportedly taken some of its servers offline after discovering “potentially anomalous activity” on its computer systems. To quote a statement from Finastra: “During the period immediately prior to March 20th, 2020, the Finastra IT security and risk teams actively detected,… Read More

March 21, 2020 @ 3:58 pm By Omar Faridi  |  

Customers of Silvergate (NYSE – SI), a San Diego-headquartered bank that recently claimed it has over 800 cryptocurrency-related clients, has reported problems with several money wires to the institution. Silvergate prominently portrays its services for digital asset focused firms. In fact, earlier this year, Silvergate… Read More

March 18, 2020 @ 1:26 pm By Samantha Hurst  |  

UK-based fintech Finastra announced on Wednesday it has appointed Gary Bischoping as its new CFO. According to Finastra, Bischoping brings a wealth of technology experience to the team, with recently holding the role as CFO of Varian, a mid-cap medical technology U.S. multinational. Bischoping will… Read More

March 8, 2020 @ 12:51 pm By Omar Faridi  |  

London-based Fintech firm Finastra has revealed that its customers will be able to Active.Ai‘s conversational artificial intelligence (AI)-based retail banking app, which was integrated with the FusionFabric.cloud platform. Active.Ai is now accessible via the FusionStore. Finastra is now offering banks and its credit union customers… Read More

February 24, 2020 @ 9:47 pm By Samantha Hurst  |  

ClickSWITCH, a U.S. fintech that claims it simplifies and automates the switch of direct deposits and recurring payments for financial institutions’ new and existing account holders, announced on Monday it will be delivering its switching technology to clients of Finastra’s core banking solutions, which are… Read More

January 27, 2020 @ 7:04 am By Samantha Hurst  |  

UK-based fintech Finastra announced on Monday it has expanded its services by opening a new office in Kfar Saba, just outside Tel Aviv. The company reported that the location will have more than 330 employees and offer more space for the team to grow as the company… Read More

October 9, 2019 @ 7:21 am By Samantha Hurst  |  

Ripple, a provider of enterprise blockchain solutions for payments, announced on Wednesday it has teamed up with Finastra to offer its blockchain technology through Finastra’s payment solution to support cross-border payments. It was revealed: “As part of the collaboration, Finastra’s customers will be able to… Read More

October 8, 2019 @ 8:17 am By Omar Faridi  |  

Vista Equity Partners might reportedly sell a 50% stake in $10 billion Fintech outfit Finastra, according to Bloomberg. Finastra was established in 2017 when Vista acquired Canadian firm D+H and merged it with London-headquartered Misys, another Fintech company owned by Vista. The merger helped establish… Read More

November 26, 2018 @ 11:55 am By Samantha Hurst  |  

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

October 18, 2018 @ 8:19 am By JD Alois  |  

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

August 30, 2018 @ 3:00 pm By Samantha Hurst  |  

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

June 27, 2018 @ 12:00 pm By Samantha Hurst  |  

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

June 18, 2018 @ 11:01 am By Samantha Hurst  |  

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

May 23, 2018 @ 8:46 am By Samantha Hurst  |  

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

May 5, 2018 @ 10:07 pm By Samantha Hurst  |  

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

May 2, 2018 @ 3:54 pm By Samantha Hurst  |  

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

April 26, 2018 @ 12:00 pm By Samantha Hurst  |  

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

April 24, 2018 @ 9:44 am By Samantha Hurst  |  

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

March 19, 2018 @ 4:15 pm By Samantha Hurst  |  

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