Finastra

Finastra selects OpenFin to unlock advanced user experiences, enhanced productivity and tailored workflows for Kondor customers

Retrieved on: 
Wednesday, May 1, 2024
Web browser, Treasury, Capital market, AI, Chromium, Partnership, Google Chrome, Risk management, Microsoft, Finastra, Mobility as a service, Microsoft Edge, Growth, Online shopping

LONDON, May 1, 2024 /PRNewswire/ -- Finastra, a global provider of financial software applications and marketplaces, and OpenFin today announced a partnership to redefine the user experience of Finastra Kondor, a leading bank treasury management system. With OpenFin's technology, Finastra will strengthen Kondor's visual real estate with enhanced workspaces and workflows to drive greater efficiencies and streamline the decision-making process for banks. The partnership is part of a wider Kondor evolution, which includes leveraging microservices, embedded AI and partner ecosystems to deliver intuitive and persona-based experiences, available via Treasury as a Service (TaaS) and cloud capabilities.

Key Points: 
  • With OpenFin's technology, Finastra will strengthen Kondor's visual real estate with enhanced workspaces and workflows to drive greater efficiencies and streamline the decision-making process for banks.
  • Finastra Kondor, powered by OpenFin's Workspace "Anywhere" technology.
  • "Together, we are setting a new standard for what financial institutions can expect in terms of performance and user experience."
  • Finastra Kondor is a best-of-breed treasury trading system that meets financial institutions' needs for sophisticated treasury functionality, while enabling growth and ensuring compliance.

Finastra selects OpenFin to unlock advanced user experiences, enhanced productivity and tailored workflows for Kondor customers

Retrieved on: 
Wednesday, May 1, 2024
Web browser, Treasury, Capital market, AI, Chromium, Partnership, Google Chrome, Risk management, Microsoft, Finastra, Mobility as a service, Microsoft Edge, Growth, Online shopping

LONDON, May 1, 2024 /PRNewswire/ -- Finastra, a global provider of financial software applications and marketplaces, and OpenFin today announced a partnership to redefine the user experience of Finastra Kondor, a leading bank treasury management system. With OpenFin's technology, Finastra will strengthen Kondor's visual real estate with enhanced workspaces and workflows to drive greater efficiencies and streamline the decision-making process for banks. The partnership is part of a wider Kondor evolution, which includes leveraging microservices, embedded AI and partner ecosystems to deliver intuitive and persona-based experiences, available via Treasury as a Service (TaaS) and cloud capabilities.

Key Points: 
  • With OpenFin's technology, Finastra will strengthen Kondor's visual real estate with enhanced workspaces and workflows to drive greater efficiencies and streamline the decision-making process for banks.
  • "Together, we are setting a new standard for what financial institutions can expect in terms of performance and user experience."
  • Finastra Kondor is a best-of-breed treasury trading system that meets financial institutions' needs for sophisticated treasury functionality, while enabling growth and ensuring compliance.
  • OpenFin is a leading provider of Chromium-based workspace technology to the financial industry, deployed to more than 3,800 banks and buy-side firms.

British Caribbean Bank selects Finastra to transform its core technology

Retrieved on: 
Monday, April 22, 2024
EVP, Azure, BCB, Microsoft Azure, Microsoft, Partnership, API, Growth, Finastra, Online shopping

LAKE MARY, Fla., April 22, 2024 /PRNewswire/ -- Finastra, a global provider of financial software applications and marketplaces, announces that British Caribbean Bank Limited (BCB), a Turks and Caicos-based financial institution offering international bank accounts and customized loan options, has selected Finastra Essence, deployed on Microsoft Azure cloud, to modernize its core and transform its back-office operations. The move enables increased readiness for regulatory changes and positions the bank for continued growth.   

Key Points: 
  • The move enables increased readiness for regulatory changes and positions the bank for continued growth.
  • "To transform our core and enhance our operations, we needed an innovative partner to provide the expertise and tech stack required to complete our modernization journey," said Marcus Samuel, Managing Director at British Caribbean Bank Limited.
  • By modernizing its core, the bank can now benefit from a simplified back-office, reducing costs and increasing productivity for its team.
  • Essence, a cloud-first, next-generation banking solution that combines sophisticated functionality and advanced technology to increase enterprise agility, is seeing increased presence in the Caribbean.

Finastra integrates AI ESG scoring into trade and supply chain finance offering with TradeSun

Retrieved on: 
Tuesday, April 16, 2024
OCR, Risk, Fintech, Partnership, Taxonomy, Intelligence, SVP, ESG, Finastra, Risk assessment, Organization, Second wave, Retail

LONDON, April 16, 2024 /PRNewswire/ -- Finastra today announced that it has integrated AI-powered ESG (environmental, social and governance) scoring capabilities into its working capital solution, Trade Innovation. The integration, with CoriolisESG by TradeSun, enables users to book and manage trade and supply chain finance with the added benefit of automated insights into ESG scoring. This results in greater understanding of the sustainability of trade and helps organizations to better monitor and manage their impact.    

Key Points: 
  • The integration, with CoriolisESG by TradeSun, enables users to book and manage trade and supply chain finance with the added benefit of automated insights into ESG scoring.
  • This results in greater understanding of the sustainability of trade and helps organizations to better monitor and manage their impact.
  • Captured information provides insight into international business activity, risk assessment, regulation compliance, geopolitical risk, due diligence, and supply chain analysis.
  • This unique trade digitization product has ESG assessment built-in, offered in line with the ICC Principles for Sustainable Trade, Wave 2, Pilot Program.

Finastra integrates AI ESG scoring into trade and supply chain finance offering with TradeSun

Retrieved on: 
Tuesday, April 16, 2024
OCR, Risk, Fintech, Partnership, Taxonomy, Intelligence, SVP, ESG, Finastra, Risk assessment, Organization, Second wave, Retail

LONDON, April 16, 2024 /PRNewswire/ -- Finastra today announced that it has integrated AI-powered ESG (environmental, social and governance) scoring capabilities into its working capital solution, Trade Innovation. The integration, with CoriolisESG by TradeSun, enables users to book and manage trade and supply chain finance with the added benefit of automated insights into ESG scoring. This results in greater understanding of the sustainability of trade and helps organizations to better monitor and manage their impact.    

Key Points: 
  • The integration, with CoriolisESG by TradeSun, enables users to book and manage trade and supply chain finance with the added benefit of automated insights into ESG scoring.
  • This results in greater understanding of the sustainability of trade and helps organizations to better monitor and manage their impact.
  • Captured information provides insight into international business activity, risk assessment, regulation compliance, geopolitical risk, due diligence, and supply chain analysis.
  • This unique trade digitization product has ESG assessment built-in, offered in line with the ICC Principles for Sustainable Trade, Wave 2, Pilot Program.

Epic River Integrates with Finastra LaserPro to Accelerate Loan Closing Process

Retrieved on: 
Tuesday, March 26, 2024
Banking, Commercial Building & Real Estate, Technology, Construction & Property, REIT, Professional Services, Payments, Electronic Commerce, Digital Cash Management, Digital Assets, Software, Fintech, Agility, Documentation, Communication, Partnership, Risk, Patient, Finastra, Ecosystem, Product management, Paper, Bank

The partnership significantly streamlines the loan closing documentation process and supports consumer, commercial and real estate loan types.

Key Points: 
  • The partnership significantly streamlines the loan closing documentation process and supports consumer, commercial and real estate loan types.
  • Financial institutions leveraging Epic River’s platform to collect borrower information will now be able to automatically send data to LaserPro to generate loan documentation.
  • Additionally, the generated loan closing documentation is instantly available for e-signature through the Epic River platform.
  • From trusted online identity verification to loan application and closing, the comprehensive digital product suite securely manages every step of the loan process.

Stephanie Burke Named as VGXI's New Chief Accounting Officer

Retrieved on: 
Wednesday, March 27, 2024
Finastra, CDMO, Business administration, Accounting, MRP, RNA, DNA, Washington State University, Material, Comptroller, Management

Ms. Burke joined the company in 2015 bringing with her over a decade of accounting and leadership expertise and has since played an instrumental role in the company's financial operations.

Key Points: 
  • Ms. Burke joined the company in 2015 bringing with her over a decade of accounting and leadership expertise and has since played an instrumental role in the company's financial operations.
  • Ms. Burke has previously held leadership roles overseeing both the VGXI Accounting/Finance and Materials teams.
  • "I am honored to take on the position of Chief Accounting Officer," said Ms. Burke.
  • Her exceptional financial acumen coupled with her leadership skills make her the ideal candidate for the Chief Accounting Officer position.

Digital Transaction Management Market Share Analysis & 10 Year Growth Forecasts 2019-2029: A USD 37.51 Billion Projected Market by 2029, Growing at a CAGR of 24.5% during 2024-2029

Retrieved on: 
Tuesday, March 12, 2024
Cyberattack, RBI, Automation, Organization, INR, Growth, Amazon, RPA, Reserve Bank, Partnership, Risk, COVID-19, Salesforce, Finastra, Paper, OneSpan, DTM, Fraud, Adobe, Raiffeisen Bank International, Blockchain, BFSI, USD, DocuSign, Digital transaction management, Cryptocurrency

The Digital Transaction Management Market size is estimated at USD 12.52 billion in 2024, and is expected to reach USD 37.51 billion by 2029, growing at a CAGR of 24.54% during the forecast period 2024-2029.

Key Points: 
  • The Digital Transaction Management Market size is estimated at USD 12.52 billion in 2024, and is expected to reach USD 37.51 billion by 2029, growing at a CAGR of 24.54% during the forecast period 2024-2029.
  • For instance, Salesforce adopted digital transaction management, and the company's sales organization experienced a USD 20 savings per document and a 60% reduction in turnaround times.
  • The digital transaction management solutions built on blockchain technology use a decentralized network for transaction management to prevent malicious attacks.
  • The Global Digital Transaction Market is significantly competitive with many regional and global players such as DocuSign, OneSpan, Adobe, etc.

Finastra's Filogix unveils automated lender note capabilities, powered by Gen AI

Retrieved on: 
Wednesday, February 21, 2024
Finastra, Element, POS, Gen, Sales

LONDON, Feb. 21, 2024 /PRNewswire/ -- Finastra's Filogix team has unveiled new generative AI (Gen AI) capabilities in its Expert Pro Canadian Mortgage Point of Sale (POS) solution. The function automates the creation of borrower narratives (notes) that aids in lender underwriting – streamlining processes, saving time and minimizing errors for brokers.

Key Points: 
  • LONDON, Feb. 21, 2024 /PRNewswire/ -- Finastra's Filogix team has unveiled new generative AI (Gen AI) capabilities in its Expert Pro Canadian Mortgage Point of Sale (POS) solution.
  • The function automates the creation of borrower narratives (notes) that aids in lender underwriting – streamlining processes, saving time and minimizing errors for brokers.
  • In our recent annual survey , 83% of financial services professionals said that their institution is interested in Gen AI.
  • We look forward to continuing to bring our customers opportunities to tap into the innovative and transformative technology that is Gen AI."

Sycurio Appoints Denise Parker as Chief Executive Officer

Retrieved on: 
Tuesday, January 23, 2024
Data Management, Technology, Professional Services, Security, Other Technology, Apps, Applications, Software, Audio, Video, Fintech, Mobile, Wireless, Finance, Cloud, Multimedia, Microsoft, Growth, Automation, Automation Anywhere, Finastra, Livingbridge, Enterprise software, EVP, SVP, Management

Sycurio™ , the leading provider of seamless and secure multi-channel payment experiences for contact centers, today announced the appointment of Denise Parker as its new CEO, replacing outgoing CEO Nick Viney.

Key Points: 
  • Sycurio™ , the leading provider of seamless and secure multi-channel payment experiences for contact centers, today announced the appointment of Denise Parker as its new CEO, replacing outgoing CEO Nick Viney.
  • “We are incredibly fortunate to have someone of Denise Parker’s caliber and experience to lead Sycurio,” said Carlos Sartorius, Sycurio Chairman.
  • “She brings a wealth of international, private equity, industry, and product experience, and is well-equipped to steer Sycurio through its next phase of growth.
  • I am inspired by the company's commitment to customer excellence, innovation, and its strong foundation,” said Denise Parker.