Finastra a London based financial service provider unlocks the potential of businesses and people engaged in finance, creating a platform for innovation. Established in 2017, it offers the broadest portfolio of financial services software in the world. Its solutions allow to deploy critical technology in the cloud or on premise as well as it serves with lending, transaction banking, treasury, and capital markets.
Finastra indulged in a collaboration with Lozenge Analytics to provide Fusion KTP capabilities to consumer which is available in the cloud or on-premises. France and Benelux based users can access these offerings and will soon be available for other geographical locations sooner.
Eric Aillet, Principal Product Manager, Finastra, stated, “The Lozenge Analytics team has in-depth knowledge of Fusion KTP and a wealth of experience in the areas of risk management, regulation, and compliance. The integration of Lozenge Analytics with Fusion KTP brings significant value, and we look forward to working together to deliver these benefits to our clients.”
Fusion KTP, the treasury management solution of Finastra offers bank and corporate treasures a combined view of their financial positions and liquidity. This allows them to boost their hedging cost, minimize risk, and ensure compliance. Combining Lozenge Analytics to Fusion KTP, users will be able to perform calculations of statistical risk. These risks calculations involve methods like Potential Future Exposure, Value at Risk (VAR), Delta to work out potential losses or exposures.
Lozenge is an IT service organization and Business Consultancy providing its expertise to financial service industry. it serves all corporate investment banking requirement as project management, audit, and comprehensive implementation.
Renaud Savina, CEO, Lozenge Analytics, commented, “We’re thrilled to partner with Finastra. Collaborating will help us extend our reach and deliver our capabilities to Fusion KTP users. We believe customers will benefit immensely from the ability to perform complex statistical risk calculations using a fully integrated solution in the cloud.”