Finastra has unveiled a tailored Fusion Treasury solution for Russia and the CIS. The local language solution enhances customer experience in Russian speaking markets and demonstrates Finastra’s commitment to the regions.
Boris Lipiainen, CTO, Retail Banking and TCM at Finastra said, “We are seeing a profound evolution of the role of the treasury within banks around the world. As these organizations strive to improve return on capital and meet regulatory demands, modern, flexible technology is a must. Our market leading solution has been empowering bank treasurers in Russia and CIS for many years. We are excited about being able to deliver an improved and expanded solution based on the latest technology.”
The tailored Fusion Treasury solution, which is based on the long-established Fusion Kondor in Russia and the CIS, now includes specific financial instruments and business workflows for local banks’ treasury departments. It supports regional real-time analytics and compliance requirements to optimize funding, buffers, collateral and hedging. Banking and trading books can be centralized across units so that treasurers can manage intraday trades while enjoying greater control and forecasting.
Cloud-based micro-services provide a flexible approach to transformation and continuous improvement, enabling financial organizations to deploy a best practice treasury workflow. They can free up teams for more value add tasks and benefit from a fully managed infrastructure with automated testing and upgrades, ensuring they are always up to date with the most recent market requirements.
The news comes as Finastra signs a technology partnership agreement with Russia-based RB Technology. As a preferred Finastra development and services partner across the CIS, the company will support local treasury and capital markets projects and deployments, including the new tailored solution.
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Ilya Isakov, CEO at RB Technology said, “Finastra is a well-respected provider of capital markets technology worldwide with a strong customer base in Russia and CIS. We are excited to be working alongside them and the customers already using Finastra treasury solutions in Russia. Our local expertise and implementation experience complements the Finastra technology stack and enables us to bring strong levels of service to the region.”