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The Peoples Community Bank Selects Finastra to Modernize its Core and Digital Banking Platforms

July 6, 2020Finastra today announced that The Peoples Community Bank is expanding its relationship with Finastra in order to provide its customers with enhanced digital capabilities and speed to innovation.

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Finastra Announces Closing of Enhancement Services Business Sale

July 2, 2020 - Finastra has closed the sale of its Canadian-based Enhancement Services business to Sigma Loyalty Group, a provider of enhancement services and marketing programs to Canadian financial institutions and retail partners.

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Finastra Launches LIBOR Transition Calculator Service

June 24, 2020 - Finastra announced today the availability of Fusion LIBOR Transition Calculator, a service that enables banks to calculate Alternate Reference Rates (ARR) or Risk-Free Rates (RFR). The calculator service works independently of Fusion Loan IQ, Finastra’s commercial lending solution.

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Finastra to Sell Enhancement Services business to Sigma Loyalty Group

June 18, 2020 - Finastra today announced that it has entered a definitive agreement to sell its Canadian-based Enhancement Services business to Sigma Loyalty Group, a provider of enhancement services and marketing programs to Canadian financial institutions and retail partners.

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Caixa Geral de Depósitos Selects Finastra to Transform Treasury and Capital Markets Business

June 16, 2020 - Caixa Geral de Depósitos, the largest commercial bank in Portugal, has chosen Finastra to power its end-to-end treasury and capital markets business. It has selected Fusion KondorFusion Risk and Regulatory Reporting as a Service to support this front-to-back-to-risk transformation.

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Sterling Federal Bank Selects Fusion Phoenix as the Core to Carry it into the Future

June 15, 2020Finastra announced that Sterling Federal Bank (Sterling, IL) has selected Finastra’s Fusion Phoenix to support the bank as it expands its business from one focused primarily on consumer banking and mortgages to one with a strong presence in commercial banking. 

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Finastra and Hundsun Ink Strategic Technology Partnership to Boost Growing Chinese Asset Management Industry

June 8, 2020 - Finastra, a global financial technology firm headquartered in the UK, has today announced a strategic partnership with Hundsun Technologies (Hundsun) to co-develop and deliver a Chinese version of Finastra’s investment management software, Fusion Invest.

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Finastra Appoints Chief Customer Officer to Executive Leadership Team

June 4, 2020Finastra has appointed Neil Blagden as Chief Customer Officer. He ultimately takes responsibility for customer success – overseeing everything Finastra does to design, deliver and enable excellent experiences for its customers.  

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Finastra Appoints Margaret Franco as Chief Marketing Officer

June 1, 2020 Finastra has appointed Margaret Franco as Chief Marketing Officer. Joining from Dell Technologies, she is based at Finastra’s London headquarters and takes responsibility for leadership of the global marketing organization, including corporate communications, brand, digital, solutions and field and partner marketing.

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Finastra Global Survey Shows Appetite for Open Banking Picking Up Pace Worldwide

May 26, 2020Finastra research reveals that 86% of global banks are looking to use open APIs to enable Open Banking capabilities in the next 12 months. In addition, 30% of banks surveyed believe Open Banking is already making a tangible impact in delivering improved overall customer experience. 

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Finastra Announces Fusion Credit Connect Solution on Salesforce AppExchange and FusionFabric.cloud

May 21, 2020 – Finastra today announced the launch of its Fusion Credit Connect solution on Salesforce AppExchange and Finastra’s FusionFabric.cloud, re-envisioning how relationship managers and borrowers connect and communicate from opportunity to origination, through to closing and booking.

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Barwick Banking Company is the Latest Bank to Select Finastra’s Fusion Phoenix Core

May 14, 2020 – Finastra, announced that Barwick Banking Company (Barwick Bank) is the latest community-facing financial institution to choose Fusion Phoenix core to help transform it into a modern, digitally-enabled institution.

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Finastra Appoints Gary E. Bischoping, Jr. as Chief Financial Officer

March 18, 2020 – Finastra has appointed Gary E. Bischoping, Jr. as Chief Financial Officer (CFO), effective March 16, 2020. Based at Finastra’s headquarters in London, Gary brings a wealth of technology experience, having recently held the role of CFO at Varian, a mid-cap medical technology US multinational.

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Active.Ai makes conversational banking available to Finastra customers via FusionFabric.cloud

March 4, 2020 – Finastra customers can now consume Active.Ai’s conversational AI retail banking app via the FusionStore. Banks and credit unions will be able to quickly deploy AI avatars to engage their customers and members 24x7 in the banking channel of their choice.

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Finastra Powers Retail Banking Innovation with Four New Fintech Apps on FusionStore

February 26, 2020 – Finastra today announced the launch of four new retail banking apps on FusionStore, the firm’s app marketplace. Built during Finastra’s first appathon in North America, at the tail end of last year, the apps – which provide innovative saving, spending control and personal finance management services for banks in the US – use open APIs, accessible via the FusionFabric.cloud development platform.

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Finastra Brings its Fusion Phoenix Core to the Cloud

February 19, 2020 – Finastra has brought its core banking platform, Fusion Phoenix, to the cloud, with Commerce National Bank & Trust of Winter Park, Florida, and Commencement Bank of Tacoma, Washington being the first US banks to access the core solution via public cloud.

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Finastra Extends Medical Insurance Benefits to Partners of LGBTQ Employees in India

February 6, 2020Finastra today announced that it has extended medical insurance benefits to partners of its LGBTQ employees in India, as part of its drive to create a diverse and inclusive workplace.

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Guotai Junan International Launches Trading Operations in Hong Kong with Finastra

January 30, 2020 - Finastra today announced that Guotai Junan International (GTJAI) has gone live with Finastra’s end-to-end equities derivatives trading and cross-asset risk solution, Fusion Sophis. The move has enabled GTJAI to launch trading operations in Hong Kong following a short implementation, helping to fuel the firm’s growth and maximize market share.

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Finastra Strengthens its Position in Israel with New Office Opening

January 27, 2020Finastra is investing further in Israel with a new office in Kfar Saba, just outside Tel Aviv. The office, which is home to over 330 employees, offers more space for the Finastra team to grow as the company strengthens its position in the country, and provides an ultra-modern workspace to inspire creativity and facilitate collaboration.

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Synopsys and Finastra Partner to Secure Financial Services App Ecosystem

January 22, 2020 - Synopsys, Inc. (Nasdaq: SNPS) and Finastra today announced a partnership establishing an application security validation program for FusionFabric.cloud, Finastra’s open platform for developing, deploying and consuming financial applications.

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TONIK Selects Finastra’s Core Banking Solution to Power Southeast Asia’s First Pure-Play Licensed Digital Bank

January 21, 2020 - Finastra announced today that TONIK, the first licensed digital-only bank in Southeast Asia, has selected Fusion Essence in the cloud to power its end-to-end core banking capabilities. The move will support TONIK as it launches its retail deposit and customer loans services in the Philippines, giving it agility and the ability to scale quickly.

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Pancreta Bank to Optimize Regulatory Compliance with Finastra

December 5, 2019Finastra today announced that Pancreta Cooperative Bank, a leading cooperative organization in Greece with more than 85,000 active members, has selected its Fusion Risk solution to automate regulatory reporting and minimize the cost of compliance. 

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Finastra Joins World Economic Forum

December 2, 2019Finastra today announced that it has joined the World Economic Forum. The move will see the company collaborating with industry leaders and policy-makers to drive change across financial services, world trade and beyond, to help build a better, sustainable future.

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Lisa Fiondella Joins Finastra as Chief Data Officer

November 21, 2019 – Finastra has hired Lisa Fiondella as Chief Data Officer to lead its comprehensive data strategy, including how data collected through the FusionFabric.cloud platform and various cloud-based solutions, can be best utilized.

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Askari Bank Selects Finastra to Power its Trade Finance Business

November 19, 2019 - Last week at Finastra Universe Dubai, Finastra announced that Askari Bank, a leading commercial bank in Pakistan, has chosen its market leading trade finance solution, Fusion Trade Innovation, to digitalize its trade finance business.

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