Tagged: finastra

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

October 12, 2022 @ 2:07 pm By Omar Faridi  |  

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

October 4, 2022 @ 8:00 am By Omar Faridi  |  

  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

September 23, 2022 @ 8:27 am By Omar Faridi  |  

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

July 16, 2022 @ 4:23 pm By Omar Faridi  |  

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

July 3, 2022 @ 1:17 pm By Omar Faridi  |  

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

June 25, 2022 @ 7:06 pm By Omar Faridi  |  

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

May 18, 2022 @ 2:04 am By Omar Faridi  |  

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

April 24, 2022 @ 8:57 pm By Omar Faridi  |  

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

March 30, 2022 @ 9:57 am By Omar Faridi  |  

Finastra recently published a market assessment report, titled “Banking as a Service: Outlook 2022 | Paving the way for Embedded Finance.” The research canvassed the opinions of 1,600 senior industry executives, “exploring the opportunities presented by Banking as a Service (BaaS) – to provide retail… Read More

November 26, 2021 @ 4:21 pm By Tony Zerucha  |  

Finastra announced this week it has introduced additional alternative reference rates (ARR) and risk-free rates (RFRs) to its Fusion LIBOR Transition Calculator. The move enables banks, corporates and borrowers to calculate ARR in preparation for the end of the majority of LIBOR rates on Dec…. Read More

November 15, 2021 @ 11:07 pm By Omar Faridi  |  

Finastra has entered into a partnership with Hexaware Technologies  in order to offer managed services for Finastra’s payments solutions deployed via the Cloud. As mentioned in the announcement, the move should assist Hexaware clients in Germany, Belgium, the United Kingdom and Ireland with taking ownership… Read More

November 8, 2021 @ 9:13 pm By JD Alois  |  

Thunes, a global payments platform, will be integrated into Finastra’s SaaS payments connectivity platform – Fusion Total Messaging. According to Thunes, the new partnership will allowFinastra’s 8,600 customers to access new payment rails across 115+ markets, helping them to instantly send money. Dawei Wang, Head… Read More

October 19, 2021 @ 2:25 pm By Omar Faridi  |  

Finastra reveals that Workers Credit Union has chosen Fusion Phoenix as its Core banking solution to grow its membership, “future-proof its business and strengthen its position against competitors, including digital banks.” Workers Credit Union will reportedly use Fusion MortgageBot, Fusion ECM, Fusion Originate, Fusion Analytics,… Read More

October 11, 2021 @ 8:18 am By Omar Faridi  |  

As Sibos 2021 opened (in a virtual environment) on October 11, 2021, Finastra unveiled its updated instant onboarding capabilities for its Fusion Payments To Go service. As first reported by Finextra, the solution should allow banking institutions to gain access to the benefits of Finastra’s… Read More

September 30, 2021 @ 8:18 am By Omar Faridi  |  

Finastra revealed on Wednesday (September 29, 2021) that First National Bank of Manchester (FNBM) has chosen Fusion Phoenix as its Core banking solution to “best serve its account holders and grow the bank.” As mentioned in a release, the decision represents “an upgrade from its… Read More

September 23, 2021 @ 7:58 am By Omar Faridi  |  

Finastra has introduced Total Lending Home, a Cloud-powered platform for deploying and managing the Total Lending suite of solutions. Lending products offered via the Total Lending Home portal reportedly include Fusion LaserPro, Fusion DepositPro, Fusion Compliance Reporter and ProSign Online, with more lending solutions to… Read More

September 17, 2021 @ 2:20 pm By Tony Zerucha  |  

Allied Payment Network and Finastra this week announced that Allied Bitcoin Wallet, a new app will soon be launched on Finastra’s FusionStore. The service, created by Allied in partnership with NYDIG, will enable financial institutions to offer their customers and members the ability to buy,… Read More

July 29, 2021 @ 11:04 am By Omar Faridi  |  

The International Chamber of Commerce (ICC) and Finastra have announced that they are bringing the trade funding marketplace pilot to Ecuador. ICC TRADECOMM – designed to tap into the international $1.5 trillion trade finance gap – should enable local SMEs to unlock new financing options…. Read More

June 29, 2021 @ 4:21 pm By Tony Zerucha  |  

Global bank investment strategies are becoming more proactive, data from a Finastra survey suggest. Finastra surveyed 785 professionals from institutions in the US, UK, Singapore, France, Germany, Hong Kong, and the UAE for Financial Services: State of the Nation Survey 2021. In 2021 banks’ top… Read More