Finastra makes Fusion KTP available in the cloud for bank and corporate treasurers
April 22, 2021 – Finastra today announced the availability of its Fusion KTP integrated global treasury management solution in the cloud. Existing customers are already in the process of migrating to Finastra’s cloud solution which is hosted on Microsoft Azure. Accessing Fusion KTP in the cloud will give users the opportunity to accelerate innovation and time to market, and the ability to transform their operations at scale.
RMA and Finastra improve commercial banking risk assessment through dual risk rating
April 21, 2021 – The Risk Management Association (RMA) and Finastra today announced a strategic initiative to advance commercial banking risk rating frameworks for US financial institutions. Through this partnership, RMA Dual Risk Rating scorecards will be available through – and fully integrated with – Finastra’s Fusion CreditQuest commercial lending platform.
Filogix, a Finastra company, enhances Notice of Assessment functionality in Filogix Expert Pro
April 15, 2021 – Filogix, a Finastra company, announced that Filogix Expert Pro now offers enhanced NOA functionality through an exclusive partnership with MrTaxes.ca Inc. The new functionality provides an unparalleled level of service to the Expert Pro user, all accomplished within the Expert Pro platform, with a turnaround time of as little as 30 minutes (within business hours), once customer consent is received.
Finastra and HUBX collaborate to streamline loan syndication process
April 13, 2021 – Finastra today announced its collaboration with HUBX to bring increased efficiency to corporate lenders during the loan syndication process through the reduction of manual processes. The integration of the HUBX digital front-office platform, HUBX Arranger, with Finastra’s market leading back-office loan software, Fusion Loan IQ, creates an enhanced end-to-end offering which boosts efficiency and harnesses data insights and automation to ultimately improve customer experience. The integration is carried out via Finastra’s open development platform, FusionFabric.cloud.
Unity One Credit Union delivers an enhanced digital experience with Finastra
April 7, 2021 – Finastra today announced that Unity One Credit Union — headquartered in Fort Worth, Texas, and with branches in Kansas and Minnesota — has gone live on Finastra’s Fusion Digital Banking. Now members will have the ability to access all aspects of their banking relationship, through a single, seamless, and easy-to-use digital banking channel.
Finastra integrates Enigio solution with Fusion Trade Innovation to make paperless trade finance a reality
March 25, 2021 – Finastra today announced the integration of its Fusion Trade Innovation and Enigio’s trace:original to create a solution for managing and handling digital original documents using distributed ledger technology.
Banque Saudi Fransi Goes Live with Finastra to Future-proof Treasury and Trading Business
March 22, 2021 – Banque Saudi Fransi, a bank based in the Kingdom of Saudi Arabia, has gone live with the latest version of Fusion Kondor, Finastra’s treasury management solution.
Finastra Joins the FedNow Pilot Program to Advance Instant Payments in the United States
March 15, 2021 – Finastra announced that it has joined the Federal Reserve’s FedNow Pilot Program to support development, testing and adoption of the FedNow Service. Finastra joins other progressive banks, credit unions and payments technology organizations in the FedNow Community to help shape the future of payments and develop use cases that leverage FedNow functionality.
International Chamber of Commerce and Finastra Team up to Tackle the Trade Finance Gap
March 10, 2021 – The International Chamber of Commerce (ICC) and Finastra have committed to a strategic initiative to tackle the growing trade finance gap. Both organizations are orchestrating an ecosystem and exploring the development of a financing marketplace that will provide micro-, small, and medium-sized enterprises (SMEs) with access to a broader set of alternative finance resources in order to help keep the global economy moving forward.
Finastra Successfully Migrates Fusion Phoenix Core Clients to Microsoft Azure
March 9, 2021 – Finastra today announced it has successfully migrated its Fusion Phoenix core banking system customers to Microsoft Azure. With 62 community banks and credit unions migrated in the past year, this significant milestone means that all Fusion Phoenix bank and credit union customers that have opted for cloud delivery are running in Azure.
Baptist Health Federal Credit Union to Deliver a Robust Digital Banking Experience with Finastra
February 16, 2021 – Finastra today announced that Baptist Health Federal Credit Union - a credit union serving Baptist Health of Arkansas, their affiliates, and other health care related groups and organizations - has selected Fusion Digital Banking, to deliver a modern, digital banking experience to its members.
Payment Fraud Prevention App from NetGuardians Sees Success on Finastra’s FusionFabric.cloud
February 9, 2021 – Finastra today announced the availability of NetGuardians’ Payment Fraud Prevention app on its FusionFabric.cloud open development platform. The app uses artificial intelligence to proactively detect fraudulent payments in real-time and reduce fraud losses.
Climate First Bank (I/O) Selects Finastra Software to Deliver Values-Based Banking
February 8, 2021 - Finastra today announced that Climate First Bank (In Organization), the nation’s first climate-focused bank, has selected a complete suite of banking software from Finastra.
Filogix, a Finastra Company, Digitizes the End-to-End Mortgage Process
February 2, 2021 – Filogix, a Finastra company, announced that it has enhanced its Filogix Expert offering with the launch of Filogix Expert Pro and Filogix Expert Plus – solutions that digitize the full end-to-end mortgage process.
Finastra and HCL Partner to Provide Digital Treasury as a Service in the Cloud
January 26, 2021 – Today Finastra, one of the world’s largest fintechs, announced a partnership with HCL Technologies, a leading global technology company, to provide treasury management technology in the cloud to smaller banks across Northern Europe, North America, India and the Philippines.
Finastra’s Fusion Invest Moves to the Cloud
January 18, 2021 – Finastra today announced that its investment management solution Fusion Invest is now available to customers through the cloud – helping asset managers digitally transform their operations and benefit from increased agility and improved operational efficiency.
KBC Bank Chooses Finastra for LIBOR Transition
January 13, 2021 – KBC Bank, a Belgium-based bank with operations across Europe, US and Asia Pacific, has chosen Finastra to help manage its transition through the upcoming interbank references rates changes. It has selected Fusion Loan IQ Alternate Reference Rates (ARR) module to manage new rates and to expand its lending business.
Bank of Prairie du Sac Selects Finastra’s Fusion Phoenix Core to Improve Customer Experience and Support Growth Strategy
January 6, 2021 – Finastra today announced that Bank of Prairie du Sac, a community bank outside of Madison, WI, will upgrade its core operating system to Fusion Phoenix to future-proof its technology. The open, modern core built on Microsoft technology, cloud delivery, and seamless integration with other technologies provided by Finastra, will improve the end-customer experience and support the bank’s growth strategy, with technology that can evolve with its changing needs.
Central State Bank Goes Live on Finastra’s Fusion Phoenix Core
December 16, 2020 - Finastra today announced that Central State Bank, serving the Iowa City-Cedar Rapids Corridor and Northeast Iowa, has upgraded their Finastra core to the latest Fusion Phoenix offering. With Fusion Phoenix, the bank will enjoy seamless integration with its other Finastra-provided banking solutions, which include Fusion CreditQuest, Fusion LaserPro, and Fusion Digital Banking.
Shanghai Pudong Development Bank Develops Cutting-Edge Treasury Services in Hong Kong
December 15, 2020 - Shanghai Pudong Development Bank (SPD Bank) has successfully gone live with Finastra’s cutting-edge treasury solution, Fusion Summit, in Hong Kong. With Fusion Summit’s advanced features, SPD Bank will be able to develop a broader and more sophisticated set of treasury services, helping it to grow its business in region even faster.
Puerto Rico Federal Credit Union Selects Finastra to Power its Members’ Digital Banking Experience
December 9, 2020 - Finastra announced that Puerto Rico Federal Credit Union has selected Finastra’s Fusion Digital Banking platform to provide its members with a barrier-free digital banking experience. With a dual-language interface, Fusion Digital Banking will be able to service all of the credit union’s members, when and where they need to conduct financial transactions.
Shinhan Bank Vietnam successfully modernizes trading and risk platforms with Finastra
December 3, 2020 - Finastra has announced today that Shinhan Bank Vietnam has successfully standardized and integrated its trading and risk platforms with Finastra’s Fusion Kondor and Fusion Risk. The flexibility and efficiency offered by these solutions strongly positions the bank to grow more quickly and fulfil its ambitions of regional and international expansion.
CLS and Finastra Collaborate to Deliver Netting Services to Customers
November 30, 2020 - CLS, a market infrastructure delivering settlement, processing and data solutions, and Finastra, one of the world’s largest fintechs, have agreed to enter into a collaboration to provide Finastra customers with access to CLSNet, CLS’s bilateral payment netting calculation service.
Paper City Savings Positions Itself as a Full-Service Community Bank with Finastra’s Fusion Phoenix Core and Fusion Digital Banking
November 24, 2020 – Finastra today announced that Paper City Savings is live on the Fusion Phoenix core, Fusion Digital Banking, as well as solutions for payments, lending and mortgage.
Leumi UK Completes Core Banking Upgrade with Finastra
November 17, 2020 - Leumi UK, the London subsidiary of Israel’s largest banking group, has selected Finastra, one of the world’s largest fintechs, to upgrade its core banking systems.
Christian Investors Financial Embarks on a Digital Transformation with Finastra
November 16, 2020 - Finastra today announced that Christian Investors Financial (CIF) has selected Finastra to provide the technology as it embarks on a digital transformation, including modern mobile services, and an open, cloud-based core processing platform.
Reynolds and Reynolds Selects FIS as its Exclusive Integrated Payment Processing Provider
November 5, 2020 - Financial technology leader FIS™ (NYSE:FIS) has been selected as the exclusive payments provider to The Reynolds and Reynolds Company, a leading provider of automotive dealership software, documents, and professional services.
Finastra Launches Fusion Data Cloud Next Generation Data Platform for Rapid Financial Services Innovation
October 26, 2020 - Finastra today announced the availability of its next-generation data offering, Fusion Data Cloud. The suite of solutions is designed to help financial institutions improve customer engagement, grow revenue, digitize processes for efficiency, and manage risk.
Finastra and CloudMargin Partner to Deliver Collateral Management as a Service
October 22, 2020 – Finastra, one of the world’s largest fintechs, and CloudMargin, creator of the world’s first and only collateral and margin management solution native to the cloud, today announced a global partnership to deliver an integrated collateral and margin management solution to market participants of all sizes through a Software-as-a-Service (SaaS) model.
Filogix, a Finastra Business, Acquires Doorr
October 21, 2020 – Finastra, via its Canadian mortgage business Filogix, has acquired Doorr, a provider of cloud-based point-of-sale mortgage application software used by brokers to improve the mortgage experience. The deal is part of Finastra’s strategic investment in its Filogix mortgage marketplace, connecting consumers to brokers, lenders and many supporting partners to enable a secure mortgage application process.
Finastra Launches Pre-Packaged Payments Solution for Small and Mid-sized Banks
October 5, 2020 - 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.
First Independence Bank Selects Suite of Finastra Solutions to Grow its Retail Business
October 1, 2020 - Finastra announced that First Independence Bank has selected its Fusion Phoenix core, Fusion Digital Banking, Fusion DepositPro and Fusion TotalTransact, as well as a number of other solutions, in order to provide its customers with a robust and fully digital banking experience. As a Community Development Financial Institution (CDFI), committed to serving its local community, the bank will realize operational efficiencies through a more streamlined service, and better serve its customers with modern banking services.
National Bank of Bahrain Selects Finastra to Future-Proof Treasury Business
September 30, 2020 - 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.
Finastra Successfully Migrates VPBank to Innovative Modern Treasury System
August 27, 2020 - Finastra, has helped VPBank separate its treasury operations from its legacy core banking system with Finastra’s Fusion Kondor and Fusion Risk solutions.
CIH Bank Automates Corporate Banking Services with Finastra
August 10, 2020 - 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.
Finastra Places Risk and Audit Function in the Office of the CEO
August 5, 2020 - Finastra has placed its Risk and Audit function into the Office of the CEO, reflecting the importance of strong governance in a changing landscape. The move is an elevated role for Elona Ruka-Wright, already Chief Risk Officer and Chief Audit Executive at the company.
Uzbekistan’s People’s Bank Selects Finastra to Transform Risk Management Business
July 30, 2020 - Finastra announced today that People’s Bank, a retail and commercial bank in Uzbekistan, is deploying Fusion Risk. The technology will automate the bank’s risk management business, enabling it to become more efficient, whilst managing all types of risk including credit, market, operational, liquidity and interest rate.
Conpend TRADE AI App Goes Live on Finastra’s FusionFabric.cloud
July 28, 2020 - Finastra today announced a new app available on its FusionFabric.cloud open development platform, Conpend TRADE AI. The app builds on the functionality of Finastra’s Fusion Trade Innovation technology to significantly cut document and compliance checking time.
Educational Systems Federal Credit Union Provides its Members with a Superior Digital Experience with Finastra
July 15, 2020 - Finastra announces that Educational Systems Federal Credit Union (FCU), located in Greenbelt, Maryland, has gone live with Finastra’s Fusion Digital Banking (formerly Malauzai) to deliver a superior digital experience capable of satisfying the credit union’s more than 85,000 members.
The Peoples Community Bank Selects Finastra to Modernize its Core and Digital Banking Platforms
July 6, 2020 - Finastra today announced that The Peoples Community Bank is expanding its relationship with Finastra in order to provide its customers with enhanced digital capabilities and speed to innovation.
Finastra Announces Closing of Enhancement Services Business Sale
July 2, 2020 - Finastra has closed the sale of 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.
Finastra Launches LIBOR Transition Calculator Service
June 24, 2020 - 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.
Finastra to Sell Enhancement Services business to Sigma Loyalty Group
June 18, 2020 - 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.
Caixa Geral de Depositos Selects Finastra to Transform Treasury and Capital Markets Business
June 16, 2020 - Caixa Geral de Depositos, the largest commercial bank in Portugal, has chosen Finastra to power its end-to-end treasury and capital markets business. It has selected Fusion Kondor, Fusion Risk and Regulatory Reporting as a Service to support this front-to-back-to-risk transformation.
Sterling Federal Bank Selects Fusion Phoenix as the Core to Carry it into the Future
June 15, 2020 - Finastra announced that Sterling Federal Bank (Sterling, IL) has selected Finastra's Fusion Phoenix to support the bank as it expands its business from one focused primarily on consumer banking and mortgages to one with a strong presence in commercial banking.
Finastra and Hundsun Ink Strategic Technology Partnership to Boost Growing Chinese Asset Management Industry
June 8, 2020 - Finastra, a global financial technology firm headquartered in the UK, has today announced a strategic partnership with Hundsun Technologies (Hundsun) to co-develop and deliver a Chinese version of Finastra�s investment management software, Fusion Invest.
Finastra Global Survey Shows Appetite for Open Banking Picking Up Pace Worldwide
May 26, 2020 - 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.
Finastra Announces Fusion Credit Connect Solution on Salesforce AppExchange and FusionFabric.cloud
May 21, 2020 – 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.
Barwick Banking Company is the Latest Bank to Select Finastra’s Fusion Phoenix Core
May 14, 2020 – 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.
Finastra Appoints Gary E. Bischoping, Jr. as Chief Financial Officer
March 18, 2020 – Finastra has appointed Gary E. Bischoping, Jr. as Chief Financial Officer (CFO), effective March 16, 2020. Based at Finastra’s headquarters in London, Gary brings a wealth of technology experience, having recently held the role of CFO at Varian, a mid-cap medical technology US multinational.
Active.Ai makes conversational banking available to Finastra customers via FusionFabric.cloud
March 4, 2020 – 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 24x7 in the banking channel of their choice.
Finastra Powers Retail Banking Innovation with Four New Fintech Apps on FusionStore
February 26, 2020 – 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 for banks in the US – use open APIs, accessible via the FusionFabric.cloud development platform.
Finastra Brings its Fusion Phoenix Core to the Cloud
February 19, 2020 – 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.
Finastra Extends Medical Insurance Benefits to Partners of LGBTQ Employees in India
February 6, 2020 - Finastra today announced that it has extended medical insurance benefits to partners of its LGBTQ employees in India, as part of its drive to create a diverse and inclusive workplace.
Guotai Junan International Launches Trading Operations in Hong Kong with Finastra
January 30, 2020 - Finastra today announced that Guotai Junan International (GTJAI) has gone live with Finastra’s end-to-end equities derivatives trading and cross-asset risk solution, Fusion Sophis. The move has enabled GTJAI to launch trading operations in Hong Kong following a short implementation, helping to fuel the firm’s growth and maximize market share.