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 strengthens its position in the country.
As previously reported, Finastra reports that it provides the broadest portfolio of financial services software, spanning corporate banking, retail banking, investment management, managed services, and treasury and capital markets.
“Our solutions enable customers to deploy mission-critical technology on premises or in the cloud. Through our open, secure and reliable solutions customers are empowered to accelerate growth, optimize cost, mitigate risk and continually evolve to meet the changing needs of their customers. Today, 48 of the world’s top 50 banks use Finastra technology.”
The launch of the office comes just a little over a year after Finastra opened its office in Bucharest, Romania. Speaking about the new location, Sagive Greenspan, SVP, General Manager, Payments and General Manager of Finastra Israel, stated that the country has been Finastra’s main hub for payments for many years.
“We have developed a team of research and development and global services specialists who deliver payment solutions for some of the leading banks in the world. The new office offers a collaborative environment that will inspire our employees, breed creativity and encourage innovation. Ultimately, this will enable Finastra to increase its footprint with existing clients as well as to grow its customer base by positioning innovative solutions in payments and across other business lines.”
Eli Rosner, Chief Product and Technology Officer at Finastra, added:
“As we step up the pace of adoption on FusionFabric.cloud, it’s crucial for Finastra to have a more significant presence in the region and help drive innovation and collaboration in the industry. We look to strengthen our collaboration with local financial institutions, academia, fintechs and government bodies to achieve this.”