Fintech Finance Presents: The Paytech Magazine Issue 06
Oct19

Fintech Finance Presents: The Paytech Magazine Issue 06

We at Fintech Finance are proud to present our latest edition of The Paytech Magazine! There has been so much going on this the Paytech sphere and we provide updates on key Neobanks, such as Banking Circle, Manzil and ESG. Included in this issue are commentaries by Marcel van Oost, who compares two leading neobanks as well as a delve into how ISO 20022 & SWIFT gpi show interoperability between crossborder payments. We finally look...

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Finastra opens registration for Hack to the Future 2020
Oct15

Finastra opens registration for Hack to the Future 2020

Finastra has opened registration for its annual hackathon: Hack to the Future 2020. This year the global event is entirely virtual and its themes reaffirm the company’s mantra to help redefine finance for good. Prizes up for grabs include cash, platform certification fees waived, internship and coaching opportunities and the possibility to onboard projects into Finastra’s FusionStore app marketplace. Finastra is making its open...

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Finastra launches pre-packaged payments solution for small and mid-sized banks
Oct05

Finastra launches pre-packaged payments solution for small and mid-sized banks

Finastra today revealed Fusion Payments To Go – its payments solution aimed at small and medium-sized banks looking to implement domestic and cross-border payment services in Europe, the US and South Africa. The solution comes pre-packaged, with reduced fixed implementation costs, and rapid, secure and scalable deployment in the cloud on Microsoft Azure. Banks will benefit from reduced costs and risks associated with system...

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Discover Sibos 2020
Oct05

Discover Sibos 2020

To celebrate what is turning out to be one of the biggest Sibos events ever, we are proud to present a special edition of “Discover Sibos 2020” “Although the pandemic has affected so many areas of our lives, we need to become united across the globe in looking for new ways to succeed and flourish… To not see the limitations but the opportunities of change.” That quote comes from Natalie Abalo-Ratcliffe. Natalie is a...

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National Bank of Bahrain selects Finastra to future-proof treasury business
Sep30

National Bank of Bahrain selects Finastra to future-proof treasury business

National Bank of Bahrain is live with the latest version of Fusion Kondor, Finastra’s treasury management solution. The move will enhance and automate the bank’s treasury and trading operations, including price calculations, trader activity monitoring and risk management, enabling it to offer new products to its customers and grow its market share in Bahrain, as well as expand into new markets. Maha Al Mahmood, Head of Treasury...

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Finastra helps redefine the future of finance to improve millions of lives worldwide
Sep24

Finastra helps redefine the future of finance to improve millions of lives worldwide

Finastra has announced plans around a range of initiatives which will enable its customers to accelerate through change, as well as creating positive outcomes for millions of people around the world. The move is part of the company’s ongoing innovation and open cloud platform strategy. Through technology and collaboration, Finastra and its customers are set to positively impact more than nine million lives around the world, with key...

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FF Virtual Arena: Financial Inclusion with Finastra
Sep23

FF Virtual Arena: Financial Inclusion with Finastra

In today’s Virtual Arena Doug Mackenzie is joined by Wissam Khuory, Finastra’s head of international, to talk about the biggest fintech mission in the world – making finance work for everyone. Financial Inclusion, disrupting the status quo and collaboration in a COVID19 environment are all on the cards....

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Finastra successfully migrates VPBank to innovative modern treasury system
Aug27

Finastra successfully migrates VPBank to innovative modern treasury system

Finastra has helped VPBank separate its treasury operations from its legacy core banking system with Finastra’s Fusion Kondor and Fusion Risk solutions. Delivered through Finastra’s Fusion Adopt implementation program, this move to a modern system will enable the bank to grow its financial markets division by developing new complex products and improving operational efficiency through automation. “As an innovation leader in Vietnam’s...

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CIH Bank automates corporate banking services with Finastra
Aug10

CIH Bank automates corporate banking services with Finastra

Finastra has announced that CIH Bank, a Moroccan-based commercial bank, has gone live with Fusion Corporate Channels and Fusion Trade Innovation, to digitize its end-to-end corporate banking services. The solutions are automating the bank’s trade and supply chain finance services, providing its corporate customers with access to services online, rather than in-branch. The solutions reduce manual processes, helping the bank to become...

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FF Virtual Arena: Finastra & Tonik
Jul29

FF Virtual Arena: Finastra & Tonik

In today’s #VirtualArena at 14:30 BST we host the ultimate Fintech party with Finastra & Tonik. Grab some refreshments and listen to Tonik’s Greg Krasnov and Finastra’s Anand Subbaraman discuss how to build a bank from the ground up, the newest approach to handling customers and everything in...

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Finastra and Microsoft announce a multiyear global strategic agreement to accelerate transformation of financial services
Jul20

Finastra and Microsoft announce a multiyear global strategic agreement to accelerate transformation of financial services

Finastra and Microsoft Corp. on Monday announced a strategic, multiyear cloud agreement to help accelerate the digital transformation of financial services. “This is a truly exciting step change in the relationship between our two companies,” said Simon Paris, CEO, Finastra. “We believe the future of finance is open. Together with Microsoft, we can provide people, businesses and communities with the solutions and services that fit...

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Fintech Finance presents: Building a Bank for the Future in Association with Banking Circle
Jul15

Fintech Finance presents: Building a Bank for the Future in Association with Banking Circle

In this super-special supplement, we are very proud to present: Building a Bank for the Future in Association with Banking Circle “If anybody in a bank is telling you they know what the bank’s going to look like in five or 10 years and can guarantee their market, then I think they may be in for a shock” Elliott Limb of Mambu We take a deep dive into all how to build a bank, not for a predicted future, but a bank that...

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Finastra launches LIBOR transition calculator service
Jun24

Finastra launches LIBOR transition calculator service

Finastra announced today the availability of Fusion LIBOR Transition Calculator, a service that enables banks to calculate Alternate Reference Rates (ARR) or Risk-Free Rates (RFR). The calculator service works independently of Fusion Loan IQ, Finastra’s commercial lending solution. Built on FusionFabric.cloud, Finastra’s open innovation platform, the calculator’s open API facilitates the integration with systems that don’t yet have a...

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Barriers to Open Banking
Jun22

Barriers to Open Banking

Akber Jaffer, Chief Commercial Officer, Marketplaces and TEMS, Finastra Open Banking represents a powerful confluence of technology and regulation to power the future of financial services. Accordingly, there’s a strong appetite to build on its potential.  Finastra research based on over 750 banks and financial institutions worldwide (carried out prior to the COVID-19 outbreak) found that 86% of those surveyed want to use open APIs to...

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Finastra to sell Enhancement Services business to Sigma Loyalty Group
Jun18

Finastra to sell Enhancement Services business to Sigma Loyalty Group

Finastra today announced that it has entered a definitive agreement to sell its Canadian-based Enhancement Services business to Sigma Loyalty Group, a provider of enhancement services and marketing programs to Canadian financial institutions and retail partners. The transaction is expected to close at the end of June, subject to customary closing conditions. Established in 2011, Finastra’s Enhancement Services business is one of the...

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Finastra appoints Chief Customer Officer to Executive Leadership Team
Jun04

Finastra appoints Chief Customer Officer to Executive Leadership Team

Finastra has appointed Neil Blagden as Chief Customer Officer. He ultimately takes responsibility for customer success – overseeing everything Finastra does to design, deliver and enable excellent experiences for its customers.  Neil brings deep expertise in this space, coupled with a wealth of knowledge in customer support, operations and digital transformation. Throughout his career he has focused on building agile ‘customer-first’...

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Finastra appoints Margaret Franco as Chief Marketing Officer
Jun01

Finastra appoints Margaret Franco as Chief Marketing Officer

Finastra has appointed Margaret Franco as Chief Marketing Officer. Joining from Dell Technologies, she is based at Finastra’s London headquarters and takes responsibility for leadership of the global marketing organisation, including corporate communications, brand, digital, solutions and field and partner marketing. Margaret brings a wealth of marketing and product management expertise from her career in the technology industry. Most...

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Finastra global survey shows appetite for Open Banking picking up pace worldwide
May26

Finastra global survey shows appetite for Open Banking picking up pace worldwide

Finastra research reveals that 86% of global banks are looking to use open APIs to enable Open Banking capabilities in the next 12 months. In addition, 30% of banks surveyed believe Open Banking is already making a tangible impact in delivering improved overall customer experience. This is against a backdrop where regulation is perceived to be tighter than a year ago and close to half (48%) of those audited believe that regulators are...

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Finastra announces Fusion Credit Connect solution on Salesforce AppExchange and FusionFabric.cloud
May21

Finastra announces Fusion Credit Connect solution on Salesforce AppExchange and FusionFabric.cloud

Finastra today announced the launch of its Fusion Credit Connect solution on Salesforce AppExchange and Finastra’s FusionFabric.cloud, re-envisioning how relationship managers and borrowers connect and communicate from opportunity to origination, through to closing and booking. Corporate lending end users benefit from a better customer experience across the whole process of securing and drawing down a loan. Built on the Salesforce...

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Barwick Banking Company is the latest bank to select Finastra’s Fusion Phoenix core
May15

Barwick Banking Company is the latest bank to select Finastra’s Fusion Phoenix core

Finastra announced that Barwick Banking Company (Barwick Bank) is the latest community-facing financial institution to choose Fusion Phoenix core to help transform it into a modern, digitally-enabled institution. In addition to the Fusion Phoenix core, run from the Azure cloud, the bank will use Fusion Digital Banking, Fusion Analytics, and a number of other ancillary products from Finastra to modernize the bank. “Founded in...

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Finastra helps banks and credit unions provide critical financial support to small businesses with more than 86,000 PPP loans to date
May13

Finastra helps banks and credit unions provide critical financial support to small businesses with more than 86,000 PPP loans to date

Finastra, one of the world’s largest financial technology solutions providers, announced today that it has helped process more than 86,000 Paycheck Protection Program (PPP) loans to date, supporting community-focused banks and credit unions as they provide critical financial assistance for small businesses impacted by the Covid-19 pandemic. Finastra’s CARES Act solution – developed in response to the Coronavirus Aid, Relief and...

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Philippines student team wins Finastra’s global hackathon
Mar12

Philippines student team wins Finastra’s global hackathon

Finastra has crowned Team ‘WonderTech’ the grand prize winner of its largest ever global fintech hackathon on its open development platform, FusionFabric.cloud. The Manila-based team was selected for the top honor for its ‘Agree Farm App’ from among five category winners at Finastra Universe New York. The app, which aims to connect rural farmers in the Philippines with access to bank loans, was chosen by an audience of senior...

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Active.Ai makes conversational banking available to Finastra customers via FusionFabric.cloud
Mar04

Active.Ai makes conversational banking available to Finastra customers via FusionFabric.cloud

Finastra customers can now consume Active.Ai’s conversational AI retail banking app via the FusionStore. Banks and credit unions will be able to quickly deploy AI avatars to engage their customers and members 24×7 in the banking channel of their choice. “Voice and messaging are greatly transforming client engagement in financial services,” said Ravishankar, Co-Founder and CEO of Active.Ai. “We are already working with...

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Finastra powers retail banking innovation with four new fintech apps on FusionStore
Feb27

Finastra powers retail banking innovation with four new fintech apps on FusionStore

Finastra today announced the launch of four new retail banking apps on FusionStore, the firm’s app marketplace. Built during Finastra’s first appathon in North America, at the tail end of last year, the apps – which provide innovative saving, spending control and personal finance management services – use open APIs, accessible via the FusionFabric.cloud development platform. They include: Flybits – a contextual customer engagement...

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Finastra brings its Fusion Phoenix core to the cloud
Feb19

Finastra brings its Fusion Phoenix core to the cloud

Finastra has brought its core banking platform, Fusion Phoenix, to the cloud, with Commerce National Bank & Trust of Winter Park, Florida, and Commencement Bank of Tacoma, Washington being the first US banks to access the core solution via public cloud. “Bringing core banking to the cloud in the United States marks an important milestone in core delivery,” said Vincent Pugliese, Senior Vice President and General Manager, US Retail...

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