Finastra a London-based financial service provider helps businesses and people engaged in finance, with a platform for innovation. Launched in 2017, it has a sturdy portfolio of financial services software in the world. Its solutions enable its consumers to deploy critical technology in the cloud or on-premises as well as its serves with transaction banking, lending, treasury, and capital markets.
Finastra collaborated with ITC Infotech to serve its expanding European consumer base with Finastra’s Fusion Kondor cloud-based Treasury as a Service solution. Increased automation of treasury services will benefit consumers. This collaboration will also reinforce Finastra’s long-standing bonding with ITC Infotech.
Wissam Khoury, EVP, Treasury & Capital Markets Business Unit, Finastra, commented, “ITC Infotech has been a long-standing partner of ours, and it makes sense to expand on our proven delivery track record, to bring banks in Europe access to leading treasury technology in the cloud. Together we will deliver our treasury platform as a managed services offering, creating a compelling solution for our joint customers to take advantage of new capabilities such as liquidity management. This move aligns well with our commitment to orchestrating ecosystems that bring real value to the financial services industry.”
ITC Infotech is a leading provider of global technology services and solutions and enables organizations to access the benefits of its business-friendly solution to become future-ready and grab success by impeccably bringing together strong industry-specific alliances, digital expertise, and others.
Anindya Roy, President – Europe, ITC Infotech, said, “Banking treasury teams are looking to modernize their processes and improve their operational resilience. The Kondor Treasury as a Service solution will enable banks to harness treasury technology quickly, automate manual processes, reduce dependency on spreadsheets and legacy technology, and improve cost efficiency. Finastra’s technology is market-leading, and we are excited to bring customers a seamless managed services proposition, which is easy and quick to implement and significantly reduces cost overheads across treasury, risk and compliance.”