A New Age Of Financial Software is Here:
The Banking Dilemma We live in an era of increasing choice and next-generation technologies — yet many banks and financial institutions are still grappling with disparate legacy systems, siloed business models, and locked IT budgets. So how can financial institutions keep up with their customers’ demands for greater value and digital-first technologies? By leveraging open platform technology, they can enjoy faster time to market, increased efficiencies, and above all deliver a better customer experience.
The Future of Finance Is Open :
A once-in-a-generation transformation is currently underway in the financial services industry. Closed legacy systems are coming to an end as banks and financial institutions seek more open and agile software solutions to accelerate growth, optimize costs, and improve customer experience. Community collaboration and industry co-innovation are becoming the norm as financial institutions look to the outside to differentiate and stay competitive. The open banking journey has only just begun, and the financial
institutions who embrace this paradigm shift will not only survive, but thrive in the world of tomorrow. Collaboration is the new strategy for innovation.
Innovation Should Be an Evolution Not a Revolution:
In today’s fast-moving environment, a “rip and replace” of core banking infrastructures is long and costly and no longer a viable option.
FusionFabric, our open technology stack, enables banks and financial institutions to drive continuous innovation by connecting Finastra components to their existing systems via open interfaces. These components or micro-services deliver new functionality quickly, at a lower risk of implementation, and eliminate the need for complex integrations. Financial institutions simply modernize their existing software, piece by piece, without disrupting the entire infrastructure. This makes financial institutions flexible, agile and more customer-focused – ready to respond to the latest developments in the industry at their own pace. What’s more, developers in banks, Fintechs and universities can now build financial applications on FusionFabric.cloud, our proven, trusted development platform, giving our customers access to a whole new world of innovation.
Finastra offers the most comprehensive suite of financial software capabilities available in the world.
Transaction Banking Solutions: Our secure financial messaging and SWIFT connectivity solutions simplify interbank communication and ease the burden of regulatory compliance. And our deep capabilities in treasury, cash management, trade, and supply chain finance
allow banks to provide corporate customers with best-in-class tools for managing their financial future – delivered as a compelling end-to-end digital transaction banking experience.
Treasury and Capital Markets Solutions: Our treasury and capital markets solutions provide flexible, simple and open cross-asset solutions for better performance in treasury, investment banking, investment management, and risk and compliance activities. Finastra
leverages advanced technology to create a more coherent and flexible IT architecture for capital markets.
Retail Banking Solutions: We deliver core processing, digital channels, analytics, and lending solutions to enable a digital front-to-back transformation. Customers can enjoy fast and secure onboarding and authentication while flexible account personalization and financial planning tools help them manage and plan their finances more effectively.
Lending Solutions: Covering every type of loan, from origination to settlement, our solutions simplify lending to help customers grow with efficient access to funding and more tailored credit solutions from bilateral loans to the most complex syndicated deals.