Finastra, the UK headquartered retail banking options supplier, has established its footprint within the APAC area because it introduced two new partnerships in February.
Regtech UNITAS, primarily based in South Korea, and SYSTEX, the IT companies supplier, primarily based in Taiwan, are the most recent companies within the Asia Pacific (APAC) area to companion with Finastra to capitalise on the retail banking options supplier’s treasury resolution, Kondor.
Digital transformation in South Korea
Finastra Kondor permits monetary establishments to commerce excessive volumes of treasury whereas providing the flexibleness to help extra complicated derivatives, choices, and structured trades. The answer might be simply built-in with present techniques and functions, enabling simplification, reducing prices and making a single supply of reality – all whereas making certain that the group stays compliant.
Capitalising on the Kondor tech, UNITAS will mix its native experience with Finastra’s providing to allow extra banks within the nation to digitally rework and develop their enterprise.
“After a few years serving to banks in South Korea to digitally rework their treasury operations, we’re excited to mix our expertise with UNITAS – a number one title in South Korea’s monetary threat and compliance market,” stated Richard Zhu, managing director, treasury and capital markets, APAC, Finastra. “With its expertise and attain available in the market, working alongside UNITAS will allow us to carry an much more complete providing to Korean monetary establishments and assist develop their companies.”
“With our frequent shopper profile, this partnership presents clear synergies and permits us to supply Finastra’s best-of-breed buying and selling system to our present and new shoppers, in addition to opening up a brand new income stream,” stated Dooho Lee, director, UNITAS. “We stay up for working with Finastra to assist extra banks rework their treasury operations.”
Complete treasury options for Taiwan banks
In Taiwan, SYSTEX will resell Finastra’s Kondor and Threat options, creating an providing that mixes Finastra’s buying and selling system with SYSTEX’s native experience and broad know-how companies capabilities. The partnership will allow extra banks in Taiwan to digitally rework and develop their companies.
Finastra Threat is a totally automated, end-to-end resolution that enables banks to handle threat and margin monitoring. That is in addition to steadiness sheet optimisation and regulatory reporting. With one dashboard and seamless integration with present structure, Threat supplies a complete threat administration system that permits higher efficiency, scalability and visibility for well timed and correct decision-making.
“SYSTEX is a market chief in built-in enterprise options and know-how companies, and we’re happy to companion with them to gas banks’ buying and selling operations in Taiwan,” stated Zhu. “Collectively, we glance to carry a complete end-to-end providing to banks in Taiwan. Because of this, this may gas digital transformation and enterprise progress for banks on this necessary market.”
Reese Chang, vp of SYSTEX Co., Ltd. stated: “This partnership will present progressive and complete monetary data know-how companies and options. Fintech upgrades and transformation require vertical integration capabilities. Consequently, via this partnership, we’re making a strategic breakthrough within the monetary companies sector.”
