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May 13, 2024

On the wires

May 1, 2024

On the wires

April 29, 2024

On the web

April 24, 2024

On the wires

September 14, 2023

On the wires

June 27, 2023

On the wires

May 24, 2023

On the wires

Finastra Integrates with Priority Software to Enable Embedded Bacs Payments

PR Newswire

"Finastra, a global provider of financial software applications and marketplaces and one of the largest suppliers of Bacs and Faster Payments Service (FPS) solutions for the UK, today announced its partnership with Priority Software, a leading provider of scalable, agile, and open cloud-based business management solutions, to enable UK corporates to send Bacs payments from within Priority Software's enterprise resource planning (ERP) products"

May 23, 2023

On the wires

Finastra Integrates with Priority Software to Enable Embedded Bacs Payments

PR Newswire

"Finastra, a global provider of financial software applications and marketplaces and one of the largest suppliers of Bacs and Faster Payments Service (FPS) solutions for the UK, today announced its partnership with Priority Software, a leading provider of scalable, agile, and open cloud-based business management solutions, to enable UK corporates to send Bacs payments from within Priority Software's enterprise resource planning (ERP) products."

March 21, 2023

On the wires

Finastra Partners with Aspire Systems to Facilitate Payments Modernization and Instant Payments for Financial Institutions Globally

PR Newswire

"Finastra, a global provider of financial software applications and marketplaces, today announced its partnership with Aspire Systems, a global technology services firm, to enable financial institutions worldwide to transform their payments operations and accelerate their instant payments offerings. With Finastra's Payments To Go and Aspire Systems' implementation and system integration capabilities, customers will benefit from an end-to-end, multi-rail payments processing SaaS solution, available on Microsoft Azure. They will have direct access to networks such as TARGET Instant Payments Settlements (TIPS) from The European Central Bank, the US real time payments (RTP) and FedNow, and SWIFT."

February 1, 2023

On the web

December 6, 2022

On the wires

Finastra Survey Shows Most US Financial Institutions Consider Open Banking Essential, With a New Focus on Shared Data and Infrastructure

PR Newswire

“Finastra research reveals that views on Open Banking in the United States have matured over the last year, with 68% of respondents considering it either a ‘must have’ or ‘important’, up from 48% last year. Of those who have integrated Open Banking, 100% now say there has been a significant impact to their organization. The ‘Financial Services: State of the Nation Survey 2022’ finds that as more financial institutions understand the business value of Open Banking and the broader context of open finance, many are now moving into a second phase – focusing on shared data and infrastructure. With 56% of US respondents (up from 45%) saying that open finance is now a ‘must have’, this suggests that the sector is actively reviewing products and services that would benefit from an ecosystem model.”

November 30, 2022

On the web

Finastra and Clinc Announce Collaboration to Boost Digital Engagement and Reduce Service Agent Workload

prnewswire

“Finastra today announced that Clinc, the leading conversational AI specialist serving global financial institutions, will deliver its Virtual Banking Assistant technology fully integrated within Finastra’s Fusion Digital Banking platform. The application enables Finastra’s bank and credit union customers, utilizing Fusion Digital Banking as their digital platform, to increase digital engagement and streamline the customer experience. By enabling customers to manage common banking requests through voice and chat, the application creates efficiencies by dramatically reducing call center volume.  This integration represents a unique banking industry partnership where conversational AI software is combined with FusionFabric.cloud, Finastra’s leading financial technology ecosystem, to create AI-driven digital experiences at cloud scale. Built on Finastra’s industry-leading core technologies and harnessing an extensive catalog of open APIs, Clinc’s Virtual Banking Assistant helps financial institutions improve user engagement by offering a functional and natural experience.”

November 28, 2022

On the wires

Finastra Cements Commitment to Growth in Asia Pacific with Center of Excellence in Kuala Lumpur

PR Newswire

“Finastra today announced a new Center of Excellence (COE) at Malaysia’s MRANTI Technology Park in Bukit Jalil, Kuala Lumpur. MRANTI Park is a hub for technology innovation, commercial adoption, and scientific excellence. It is an ideal location for Finastra to expand its Asia Pacific footprint, further, contribute to the local economy, and promote Science, Technology, Engineering, the Arts, and Mathematics (STEAM) careers in a region dedicated to innovation. Finastra will benefit from MRANTI’s integrated infrastructure and services. It will be able to tap into local IT talent, including from nearby universities and the growing start-up technology community there. The new COE will champion Finastra’s Lending, Universal Banking, Payments and Treasury & Capital Markets software solutions across the region.”

November 7, 2022

On the wires

Finastra and Jifiti Form Strategic Alliance to Deliver Next-Generation White-Labeled Embedded Finance to Global Financial Institutions

GlobeNewswire News Room

Finastra, a global provider of financial software applications and marketplaces, and Jifiti, a leading global fintech company, today announced a collaboration to extend embedded finance capabilities to all financial institutions in the Finastra BaaS (Banking as a Service) ecosystem. Banks will be able to deliver financing offerings to consumers via merchants at point-of-sale, providing a better digital customer experience and choice for end users.

Buy Now, Pay Later (BNPL) is a key component of the fast-growing embedded finance space, and with Jifiti’s white-labeled platform financial institutions can easily embed financing or split pay offerings at any merchant’s point-of-sale at scale – online, in-store and via call center. Financial institutions that work with Finastra to power core banking capabilities will benefit from pre-integration of Jifiti’s platform with Finastra’s systems. The simple cloud deployment is available via Finastra’s FusionFabric.cloud open development platform.

November 3, 2022

On the wires

Finastra Digital Banking Insights to Provide Visibility into Account Holder Behaviors and Preferences

PR Newswire

“Finastra today announced the availability of Finastra Digital Banking Insights, an app for Fusion Digital Banking that harnesses the power of data and advanced analytics to provide financial institutions with actionable insights into account holder behavior. The app was built on Azure technology using Microsoft’s Power BI data visualization software developed for business intelligence. Available through Finastra’s FusionStore, it enables banks and credit unions that use Fusion Digital Banking to increase revenue, reduce costs and improve customer satisfaction.”

November 1, 2022

On the web

Glia and Finastra to Accelerate Transition from Phone-First to Digital-First Customer Service for Financial Institutions

PR Newswire

“Glia, the leading provider of Digital Customer Service (DCS), has teamed up with Finastra, a global provider of financial software applications and marketplaces, to help financial institutions to improve the digital customer experience. Via its FusionFabric.cloud platform and Fusion Digital Banking solution, Finastra will offer Glia’s Digital Customer Service (DCS) capabilities as a new app. With Glia, financial institutions can meet customers where they are and communicate through whichever method they prefer—including messaging, video banking and voice—and guide them using CoBrowsing. Glia’s technology balances the use of AI for automating customer interactions with vital human touch. It provides continuity by keeping conversations in the digital domain, eliminating the need for customers to spend time providing context again via clunky phone experiences.”

September 22, 2022

On the web

Finastra and Visa Announce Global BaaS Offering Integrating Visa Direct

Finastra

“Finastra and Visa (NYSE: V) today announced a Banking as a Service (BaaS) collaboration to co-develop new functionality on its Payments Hub solutions and implement Visa Direct2 – which provides access to more than two billion accounts through push to account offerings. The new capability will give Finastra’s bank customers around the world access to cross-border payouts capabilities for small- and medium-sized businesses, and individuals, in multiple currencies and countries. “This BaaS partnership will allow banks to offer their customers greater choice in how to route cross-border payments, with banks essentially embedding Visa products,” said Barry Rodrigues, EVP Payments Business Unit at Finastra. “We are excited to partner on this proposition with Visa as it provides a very attractive solution for banks seeking to help increase overall customer satisfaction and loyalty through a transparent and cost-effective digital payments option.””

September 13, 2022

On the web

Embedded Lending with Finastra

Tearsheet

“Embedded finance is growing in popularity, aiming to attract companies in any industry that are looking to implement financing solutions to their business. Lending is and will continue to be a huge part of the embedded economy – it’s all about customers being able to access financing when they are making a purchase, whether they’re buying a hot tub or need to fix a faulty pipe in their home.   Embedded lending is point-of-sale financing, but it’s not buy now, pay later (BNPL). It allows access to traditional regulated lending products offered by financial institutions.”

July 1, 2022

On the web

Finastra Launches Embedded Consumer Lending Solution

Finastra

“Finastra today unveiled its embedded consumer lending solution, enabling access to traditional regulated lending options for consumers at point-of-sale (POS). Financial institutions, distributors and merchants will benefit from a platform that makes it easy for their customers to access lending options. For end consumers, Finastra Embedded Consumer Lending aims to make the buying process as frictionless as possible, providing more options to consumers and an alternative to the Buy Now Pay Later approach, which is often not applicable to high value purchases. For merchants, the BaaS platform provides access to numerous lenders and their specific products. And for financial institutions, Finastra Embedded Consumer Lending provides access to a marketplace of distributors and merchants to distribute their banking products.”

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