Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

FINASTRA SEES ACCELERATING FUSIONFABRIC.CLOUD ADOPTION

FINASTRA SEES ACCELERATING FUSIONFABRIC.CLOUD ADOPTION

Company affirms growing demand for open innovation with Thomson Reuters, Efficiency MC, Conpend and BankBI on board

At its regional flagship thought leadership event, Finastra Universe Paris, Finastra today welcomed new companies to the FusionFabric.cloud open architecture. Among the early adopter Fintechs, consultants, banks and academics using the platform to develop and deploy innovative apps are Efficiency MC, Conpend and BankBI. In addition, Thomson Reuters joins Finastra’s innovation ecosystem as a data provider.

Hugh Cumming, CTO, Platforms, Finastra said, “Built from the ground up on our trusted, open technology stack, the FusionFabric.cloud platform is gathering significant pace, signalling growing demand and energy within the industry for open innovation. It is a refreshing change in mind-set that offers big benefits in terms of bringing new products to market faster and driving down development costs. The platform is very much part of our collaborative ethos and will ultimately change the way software is developed and deployed.”

Thomson Reuters is currently embedding its instrument reference data into FusionFabric.cloud.

Brennan Carley, Global Head of Enterprise at Thomson Reuters said, “This collaboration is all about making it easy for customers to access the valuable insight our market leading reference data delivers. Our open, agile Elektron Data Platform means we can integrate rapidly with partners such as Finastra to power the apps on its ecosystem with our trusted data and provide customers with choice in how they consume our content.”

Paris-based system integrator, Efficiency MC, is using the platform to develop an interest rate derivatives pricing model app.

Alexandre Arnoux, Associate Director at Efficiency MC said, “The beauty of the platform is that it enables us to work on multiple projects and we’ll be able to deploy the apps at low cost, as they are ready for market. We are also exploring additional apps for Fusion Invest, the Finastra investment management solution, and Finastra’sFusionBanking Trade Innovation, for trade finance.”

European Fintech, Conpend, is using FusionFabric.cloud to develop apps for corporate banking.

Marc Smith, Founder and Managing Director at Conpend, said, “Interest in AI and machine learning is growing daily in the industry and it’s no surprise given the benefits they can bring. However, AI needs data and developing in this environment enables us to build powerful solutions for corporate banking quickly and easily since everything on the platform is accessible through open APIs. What’s more, the FusionFabric.cloud architecture is a pleasure to work with and has made integrating Automated Transaction Screening into the platform a breeze.”

Cloud focused Fintech, BankBI, has a Performance Management and Analytics application for FusionFabric.cloud to complement the Finastra retail banking solutions, including C-suite dashboards.

Paul Sutherland, COO at BankBI said, “FusionFabric.cloud enables us to access open APIs to enhance the richness and efficiency of our solution. Tight integration to core banking data and the ability to develop on a cutting edge platform, without having to write copious code offers significant advantage. Being part of this open innovation ecosystem affords us speed to market and increases our effectiveness, but more than that it reflects the future of development in financial services.”

Other users of FusionFabric.cloud include RaisePartner, GMS and University College London. Companies keen to join the ecosystem and develop on the Finastra platform can register interest on the new website here.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post