Banks can accelerate their treasury transformation by seamlessly
interacting with Finastra's trading and risk management tools, and
fintech partner ecosystem, via a web browser or desktop app
LONDON, May 1, 2024
/PRNewswire/ -- Finastra, a global provider of
financial software applications and marketplaces, and OpenFin today
announced a partnership to redefine the user experience of Finastra
Kondor, a leading bank treasury management system. With
OpenFin's technology, Finastra will strengthen Kondor's visual real
estate with enhanced workspaces and workflows to drive greater
efficiencies and streamline the decision-making process for banks.
The partnership is part of a wider Kondor evolution, which includes
leveraging microservices, embedded AI and partner ecosystems to
deliver intuitive and persona-based experiences, available via
Treasury as a Service (TaaS) and cloud capabilities.
Finastra Kondor, powered by OpenFin's
Workspace "Anywhere" technology.
Powered by OpenFin's Workspace "Anywhere" technology,
Kondor users will have easy access to the solution either in web
browsers such as Google Chrome and Microsoft Edge or as a
lightweight desktop app. Whether curating personalized experiences
via the micro-UI workspace, or consuming partner applications via
unified dashboards, banks benefit from a more seamless, intuitive
and value-added treasury management experience wherever they are
working.
"Enriching Kondor with OpenFin's software reflects our ongoing
commitment to placing our customers at the center of the solution
experience," said Herve Carrere,
Chief Product & Technology Officer, Treasury & Capital
Markets at Finastra. "Through robust technology and TaaS, we're
giving banks the tools to fast-track their transformation,
future-proof their business to evolve with new demands and optimize
their entire treasury operations – from full back-office processing
through to real-time coverage of credit, market and liquidity risk
in the front office. The seamless workspace experience also ensures
that users can easily access these tools in the way that works best
for them."
"Our collaboration with Finastra enhances Kondor's already
impressive capabilities, making it even more powerful in the
complex landscape of treasury trading," said Adam Toms, Chief Operating Officer at OpenFin.
"Together, we are setting a new standard for what financial
institutions can expect in terms of performance and user
experience."
Finastra Kondor is a best-of-breed treasury trading system that
meets financial institutions' needs for sophisticated treasury
functionality, while enabling growth and ensuring compliance.
Renowned for its robust capabilities in supporting complex trading,
risk management and operations, the solution is the backbone of
numerous financial institutions, enabling them to navigate the
intricate landscape of global markets with precision and
agility.
OpenFin is a leading provider of Chromium-based workspace
technology to the financial industry, deployed to more than 3,800
banks and buy-side firms. Its technology is specifically designed
to meet the rigorous standards and dynamic needs of financial
services, providing a robust foundation for platforms like
Kondor.
For further information please contact:
Sofia Romano
Head of PR, EMEA
T: 07552865009
E: sofia.romano@finastra.com
Finastra.com
Mitra Roknabadi
Chief Marketing Officer, OpenFin
T: +1 (310) 498-8183
E: mitra@openfin.co
openfin.co
About Finastra
Finastra is a global provider of
financial software applications and marketplaces, and launched the
leading open platform for innovation, FusionFabric.cloud, in 2017.
It serves institutions of all sizes, providing award-winning
software solutions and services across Lending, Payments, Treasury
& Capital Markets and Universal Banking (Retail, Digital and
Commercial Banking) for banks to support direct banking
relationships and grow through indirect channels, such as embedded
finance and Banking as a Service. Its pioneering approach and
commitment to open finance and collaboration is why it is trusted
by over 8,000 institutions, including 45 of the world's top 50
banks. For more information, visit finastra.com.
About OpenFin
Move Fast. Break Nothing. OpenFin is the
operating system for enterprise productivity, enabling app
distribution, workspace management and workflow automation. Used by
90% of major global banks, OpenFin deploys more than 4,500 desktop
applications to more than 4,000 firms. OpenFin investors include
Bain Capital Ventures, Barclays, In-Q-Tel, CME Ventures, DRW
Venture Capital, HSBC, J.P. Morgan, ING Ventures, NYCA Partners,
Pivot Investment Partners, Standard Chartered and Wells Fargo
Strategic Capital among others. The company is based in
New York with an office in
London and presence in
Hong Kong and Singapore.
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SOURCE OpenFin