Tagged: finastra

June 8, 2021 @ 12:33 pm By Omar Faridi  |  

Finastra, a financial services software and Cloud-enabled solutions provider, revealed on Tuesday (June 8, 2021) that Arkéa Banking Services, a subsidiary of Crédit Mutuel Arkéa and a company focused on banking and insurance services in France, has chosen Finastra’s Fusion Risk solution to help enhance… Read More

May 11, 2021 @ 1:23 am By Omar Faridi  |  

Finastra, a financial services software and Cloud-enabled solutions provider, has decided to extend its partnership with Be | Shaping the Future, a global group offering consulting, IT and digital engagement services to the financial services sector. The partnership extension should see Be offering managed services… Read More

May 3, 2021 @ 7:53 am By Omar Faridi  |  

The Coronavirus crisis has accelerated digital transformation across the world, including the APAC region, which has resulted in many bank branch closures. There’s also been a significant increase in retail banking activities that’s supported by all-digital challenger banks. These virtual banks are digital-first and are… Read More

March 22, 2021 @ 8:06 am By Samantha Hurst  |  

Plug and Play recently announced it has joined forces with UK-based fintech Finastra to help expand the FusionFabric.cloud platform for open innovation. Plug and Play reported that through the collaboration, it will support Finastra with the ultimate goal of bringing more fintechs to the platform to bring… Read More

January 29, 2021 @ 7:55 pm By Omar Faridi  |  

Finastra, a financial services software and Cloud-enabled solutions provider, has confirmed that it will be teaming up with HCL Technologies, an India-based multinational tech firm, in order to offer treasury management technology via the Cloud to smaller banks based in Europe, North America, India, and… Read More

December 6, 2020 @ 9:01 pm By Omar Faridi  |  

Finastra, a financial services software and Cloud-enabled solutions provider, has revealed that Shinhan Bank Vietnam has decided to integrate its trading and risk software with the Fusion Kondor and Fusion Risk solutions. These solutions have been chosen because they’re supposed to offer greater flexibility and… Read More

October 2, 2020 @ 7:32 am By Omar Faridi  |  

Finastra, a financial services software provider, has revealed that its Fusion Phoenix core product will be used by the First Independence Bank, which was established in 1970. The institution has been serving the banking needs or requirements of the Detroit Metropolitan area. It’s one of… Read More

September 4, 2020 @ 10:16 am By Omar Faridi  |  

Finastra, a financial services software provider, has been identified as a leader in “The Forrester Wave: Digital Banking Processing Platforms (DBPP) (Retail Banking), Q3 2020” report. Forrester is an independent research company. It included 10 other service providers in its recent evaluation report, and claims… Read More

May 14, 2020 @ 7:39 pm By Omar Faridi  |  

Community banks and credit unions have been finding it difficult to keep their platforms updated with the latest innovations because of limited capacity, lack of industry skills and expertise, and relatively small budgets. Due to these limitations, small lenders have been working with Fintech firms,… Read More

May 9, 2020 @ 4:35 pm By Omar Faridi  |  

Changes in consumer behavior and attitudes towards digital platforms have led to the introduction of virtual banking solutions in many countries across the globe. Digital banking licenses will be awarded to several new Fintech service providers based in Hong Kong, Malaysia, and Singapore. Wissam Khoury… Read More

March 29, 2020 @ 3:57 pm By JD Alois  |  

Just about all financial services firms have rushed to move operations to as much as possible to remote operations. For many Fintechs, the migration was fairly simple as many had established tech and protocols in place to operate in a virtual environment. For more traditional… Read More

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