Tag: Finastra
Amsterdam Trade Bank and First Abu Dhabi Bank among customers upgraded in record time ahead of regulation deadline London, UK, March 12, 2019 – Over 100 Finastra customers were upgraded to the latest compliant versions of its transaction banking software, Fusion Trade Innovation, ahead of the new SWIFT standards deadline of 17 November 2018. The new […]
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 The International Chamber of Commerce (ICC) and Finastra have committed to a strategic initiative aimed at tackling the world’s growing trade finance gap. Both organisations are orchestrating an […]
Here are some of the key findings of the research:
UK-based fintech Finastra has introduced additional alternative reference rates (ARR) and risk-free rates (RFRs) to its Fusion LIBOR Transition Calculator. The move enables banks, corporates, and borrowers to calculate ARR in preparation for the end of the majority of LIBOR rates on December 31, 2021. In addition to the Secured Overnight Financing Rate (SOFR) for […]
Dubai, UAE, London, UK, New York, US – March 28, 2022 – Finastra today published a market assessment report: ‘Banking as a Service: Outlook 2022 | Paving the way for Embedded Finance’. The research canvassed the opinions of 1,600 senior industry executives, exploring the opportunities presented by Banking as a Service (BaaS) – to provide retail or wholesale […]
Finastra has announced that its Fusion Trade Innovation and Fusion Corporate Channels have been selected by Banque Misr – the second largest national bank in Egypt – to digitalize its trade finance services and provide a premium user experience. Banque Misr has also selected Finastra’s partner, DataGear – a service provider for banking and financial services in Egypt – for […]
Finastra and Visa announced a Banking as a Service (BaaS) collaboration on September 22, 2022. This partnership will co-develop new features for Finastra’s Payments Hub solutions. It will also implement Visa Direct, a digital payment network connecting more than two billion accounts through push-to-account offerings. Finastra’s bank customers will now have access to cross-border payouts, […]
Estimated reading time: 2 minutes The integration brings together banks and corporates globally through a common digital network ecosystem, increasing access to trade finance while enabling seamless and secure transactions. Today at Sibos 2022 in Amsterdam, Finastra announced a collaboration to integrate its Fusion Trade Innovation software with Contour, the global digital trade finance network, providing banks and […]
Estimated reading time: 3 minutes Research from the CBI and Finastra, canvassing the opinions of UK small and medium-sized businesses (SMEs), suggests that there’s a gap between the ambition of firms to trade internationally and the reality of doing so. While just 44% of businesses surveyed currently engage in international trade, only 23% said they […]
