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Finastra Successfully Migrates VPBank to Innovative Modern Treasury System

August 27, 2020 - Finastra, has helped VPBank separate its treasury operations from its legacy core banking system with Finastra’s Fusion Kondor and Fusion Risk solutions.

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CIH Bank Automates Corporate Banking Services with Finastra

August 10, 2020 - Finastra has announced that CIH Bank, a Moroccan-based commercial bank, has gone live with Fusion Corporate Channels and Fusion Trade Innovation, to digitize its end-to-end corporate banking services. The solutions are automating the bank’s trade and supply chain finance services, providing its corporate customers with access to services online, rather than in-branch.

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Finastra Places Risk and Audit Function in the Office of the CEO

August 5, 2020Finastra has placed its Risk and Audit function into the Office of the CEO, reflecting the importance of strong governance in a changing landscape. The move is an elevated role for Elona Ruka-Wright, already Chief Risk Officer and Chief Audit Executive at the company.

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Uzbekistan’s People’s Bank Selects Finastra to Transform Risk Management Business

July 30, 2020 - Finastra announced today that People’s Bank, a retail and commercial bank in Uzbekistan, is deploying Fusion Risk. The technology will automate the bank’s risk management business, enabling it to become more efficient, whilst managing all types of risk including credit, market, operational, liquidity and interest rate.

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Conpend TRADE AI App Goes Live on Finastra’s FusionFabric.cloud

July 28, 2020Finastra today announced a new app available on its FusionFabric.cloud open development platform, Conpend TRADE AI. The app builds on the functionality of Finastra’s Fusion Trade Innovation technology to significantly cut document and compliance checking time.

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Educational Systems Federal Credit Union Provides its Members with a Superior Digital Experience with Finastra

July 15, 2020Finastra announces that Educational Systems Federal Credit Union (FCU), located in Greenbelt, Maryland, has gone live with Finastra’s Fusion Digital Banking (formerly Malauzai) to deliver a superior digital experience capable of satisfying the credit union’s more than 85,000 members.

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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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