Company bags 11 first place rankings in total
Singapore and London, UK, September 20 2018 – Finastra has once again topped the Overall Trading Systems category in the Asia Risk Technology Rankings 2018. The accolade recognizes the company’s expertise in the treasury, capital markets and risk space and its commitment to helping its clients achieve more as they simplify and innovate with their trading solutions.
“It is a great honor to retain the top spot in trading systems three years in a row and achieve first place in 10 other categories including the newly added open banking category,” said Imad Abou-Haidar, Managing Director, Asia Pacific at Finastra. “With the pace of change and continuously evolving regulations financial institutions face, our clients are under tremendous pressure to transform their capital markets operations, to enhance efficiencies, and increase distribution to a wider customer base while controlling costs and reducing risks. We help our clients to design a robust and open trading platform that integrates right across the value chain of their organizations.”
The award program is in its 12th year, inviting market practitioners in the region to rank vendors based on the performance of their technology in improving the trading value chain experience under three main categories – risk management, derivatives pricing and analytics and trading systems.
Finastra ranks first in trading systems for back office and cross-asset, as well as trading systems for front-to-back office in hybrids, equities and credit – enabling it to scoop the top spot in the Overall Trading Systems category. It also secured first place in several other subcategories, including risk management in both liquidity risk management and limit management & compliance, as well as, system architecture, implementation efficiency and open banking platform. The latter demonstrates Finastra’s commitment to its open innovation platform vision, with FusionFabric.cloud.
Narayanan Somasundaram, Hong Kong-based bureau chief of Risk.net said,” Finastra’s FusionFabric.cloud – a cloud-based platform-as-a-service opens the company’s core systems so third parties, including banks, Fintech firms and consultants, so they can develop applications on top. This has struck a chord in the industry, with the company topping the systems architecture, open banking platform and implementation efficiency categories in the rankings.”
The full list of winners can be found here: https://www.risk.net/awards/5959686/asia-risk-technology-rankings-2018-the-winners.
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Finastra unlocks the potential of people and businesses in finance, creating a platform for open innovation. Formed in 2017 by the combination of Misys and D+H, we provide the broadest portfolio of financial services software in the world today—spanning retail banking, transaction banking, lending, and treasury and capital markets. Our solutions enable customers to deploy mission critical technology on premises or in the cloud. Our scale and geographical reach means that we can serve customers effectively, regardless of their size or geographic location—from global financial institutions, to community banks and credit unions. Through our open, secure and reliable solutions, customers are empowered to accelerate growth, optimize cost, mitigate risk and continually evolve to meet the changing needs of their customers. 48 of the world’s top 50 banks use Finastra technology.
Please visit finastra.com.
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