Finastra

Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks.

Company Announcements

RMA and Finastra improve commercial banking risk assessment through dual risk rating
RMA and Finastra improve commercial banking risk assessment through dual risk rating

22nd April 2021

Finastra adds RMA Dual Risk Rating scorecard capabilities to the Fusion CreditQuest commercial lending solution The Risk Management Association (RMA) and Finastra today announced a strategic initiative to advance commercial banking risk rating frameworks for US financial institutions. Through this partnership, RMA Dual Risk Rating scorecards...
Unity One Credit Union delivers an enhanced digital experience with Finastra
Unity One Credit Union delivers an enhanced digital experience with Finastra

7th April 2021

Fusion Digital Banking enables Unity One’s members to Think Outside the BankTM Lake Mary, FL, US – April 7, 2021 – Finastra today announced that Unity One Credit Union — headquartered in Fort Worth, Texas, and with branches in Kansas and Minnesota — has gone live on Finastra’s Fusion Digital Banking. Now...
Finastra joins the FedNow Pilot Program to advance instant payments in the United States
Finastra joins the FedNow Pilot Program to advance instant payments in the United States

15th March 2021

Lake Mary, FL, US – March 15, 2021 – Finastra announced that it has joined the Federal Reserve’s FedNow Pilot Program to support development, testing and adoption of the FedNowSM Service. Finastra joins other progressive banks, credit unions and payments technology organizations in the FedNow Community to help shape the future of...
International Chamber of Commerce and Finastra team up to tackle the trade finance gap
International Chamber of Commerce and Finastra team up to tackle the trade finance gap

10th March 2021

•    New funding marketplace - ICC TRADECOMM™ – will provide micro-SMEs and SMEs with greater access to short-term capital •    Initiative will unlock $1.5 trillion dollar trade finance gap Paris and London, March 10, 2021 - The International Chamber of Commerce (ICC) and Finastra have...
Finastra successfully migrates Fusion Phoenix core clients to Microsoft Azure
Finastra successfully migrates Fusion Phoenix core clients to Microsoft Azure

9th March 2021

Finastra today announced it has successfully migrated its Fusion Phoenix core banking system customers to Microsoft Azure. With 62 community banks and credit unions migrated in the past year, this significant milestone means that all Fusion Phoenix bank and credit union customers that have opted for cloud delivery are running in Azure.  In...
Baptist Health Federal Credit Union to deliver a robust digital banking experience with Finastra
Baptist Health Federal Credit Union to deliver a robust digital banking experience with Finastra

16th February 2021

Combining Fusion Digital Banking and real-time payment services from Allied Payment Network, Baptist Health FCU will deliver an enhanced experience while reducing costs Lake Mary, FL, US – February 16, 2021 – Finastra today announced that Baptist Health Federal Credit Union - a credit union serving Baptist...
AIO and Finastra awarded $1m grant from the BIRD Foundation to expedite banks’ customer onboarding and loan origination
AIO and Finastra awarded $1m grant from the BIRD Foundation to expedite banks’ customer onboarding and loan origination

11th February 2021

AIO - Verified Financial Identity, a Fintech company based in Tel Aviv, and Finastra, today announced that they have been awarded a USD $1 million grant from the Board of Governors of the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation for the co-development of a digital customer onboarding solution....
Payment Fraud Prevention app from NetGuardians sees success on Finastra’s FusionFabric.cloud
Payment Fraud Prevention app from NetGuardians sees success on Finastra’s FusionFabric.cloud

9th February 2021

Artificial intelligence and machine learning (AI/ML) dramatically improve fraud scoring accuracy, resulting in reduced false positives and fraud losses, while delivering significant operational savings London, UK – February 9, 2021 – Finastra today announced the availability of NetGuardians’ Payment Fraud Prevention...
Climate First Bank (I/O) selects Finastra software to deliver values-based banking
Climate First Bank (I/O) selects Finastra software to deliver values-based banking

9th February 2021

Climate First Bank (I/O) appoints a technology partner that shares its vision while delivering an open and flexible suite of cloud-based solutions Lake Mary, FL, US – February 8, 2021 – Finastra today announced that Climate First Bank (In Organization), the nation’s first climate-focused bank, has selected a...
Filogix digitises the end-to-end mortgage process
Filogix digitises the end-to-end mortgage process

2nd February 2021

Filogix, a Finastra company, announced that it has enhanced its Filogix Expert offering with the launch of Filogix Expert Pro and Filogix Expert Plus – solutions that digitize the full end-to-end mortgage process. Both Filogix Expert Pro and Filogix Expert Plus are built on the cloud-based point-of-sale mortgage...