Tag: Finastra

Finastra partners with CLS to deliver netting services to its clients
November 30, 2020 BY Steffy Bogdanova

CLS and Finastra partner to deliver netting services

Keith Tippell, Head of Product, CLS, commented: In response to market demand, we are evolving CLSNet to support the partnerships and connectivity options necessary to ensure broad-based adoption and, additionally, exploring new functionality related to emerging market currencies. The partnership with Finastra is an important step in this evolution and a good example of two…

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Forex Weekly Look Back
October 23, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: CFI announces full migration to MT5, ATFX launches UPS product offering

CLS, the market infrastructure provider of risk mitigation services to the global FX market, has released its operating metrics for September 2020. The average daily traded volume submitted to CLS was USD 1.785 trillion, up 8.2% from USD1.649 trillion in August 2020. TMX Group Limited announced Moe Kermani and Claude Tessier as the company’s newest additions…

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October 23, 2020 BY Steffy Bogdanova

Finastra and CloudMargin team up to deliver collateral management as a service

Stuart Connolly, CEO of CloudMargin commented: We’re delighted to provide the technology for this critical component of Finastra’s offering. The integration of our collateral management workflow tool into Finastra’s treasury and capital markets solutions creates a strong value proposition to support the full range of needs – from front to back office – of its…

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August 27, 2020 BY Steffy Bogdanova

Finastra helps VPBank migrate to a new treasury system and grow its financial market division

Fusion Kondor allows banks to trade high volumes of treasury while also offering flexibility to support more complex derivatives, options and structured trades. The solution’s integration with existing systems and applications is easy. Fusion Risk offers a fully automated, end-to-end IFRS9/CECL solution. It is integrated with Finastra’s core banking, lending and trading solutions. It also…

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February 27, 2020 BY Steffy Bogdanova

Finastra adds four new fintech apps on FusionStore

Finastra announced yesterday the addition of four new retail banking apps on its marketplace FusionStore. The app was first built in the end of last year and includes innovative saving, spending control and personal finance management services. They use open APIs through the FusionFabric.cloud development platform. The apps include: Flybits, а contextual customer engagement platform…

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Berkshire Bank offers real-time payments with Finastra
June 21, 2019 BY Valentina Kirilova

Berkshire Bank offers real-time payments with Finastra's Fusion Global PAYplus

Berkshire Bank of Massachusetts announced a few days ago that it has teamed up with payments solution company Finastra. The partnership aims to upgrade the Bank's payment technology to Finastra’s flagship payments solution, Fusion Global PAYplus. This way Berkshire Bank will be among the first regional banks in the Northeast to offer real-time payments capabilities. Berkshire…

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June 10, 2019 BY Valentina Kirilova

DTCC announces partnerships with Catena, CSS, and Finastra

The Depository Trust & Clearing Corporation (DTCC) has today announced new partnerships with Catena Technologies, Compliance Solutions Strategies (CSS) and Finastra. The new partnerships aim to further support DTCC's mutual clients who will leverage DTCC’s Global Trade Repository (GTR) service in support of forthcoming Securities Financing Transactions Regulation (SFTR) obligations, which are anticipated to take…

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FlexTrade adds Paul Beatty to team
July 23, 2018 BY Valentina Kirilova

Finastra appoints new CIO to lead Global Information Services and support future growth

Finastra has announced that Gareth Burton has joined the company as Chief Information Officer (CIO) with responsibility for leading Finastra’s Global Information Services team. He will oversee the company’s enterprise core infrastructure and employee services, as well as supporting all business and financial applications. Gareth Burton has three decades of experience in the international technology…

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June 19, 2018 BY Valentina Kirilova

Finastra acquires Malauzai

Finastra has informed the public that it has acquired Malauzai, a provider of mobile and Internet banking solutions for community financial institutions. The deal reflects Finastra’s commitment to the US retail and business banking sectors by further enabling digital transformation for community banks and credit unions across the country. Credit unions and community banks are…

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