Financial software applications and marketplaces provider Finastra has joined forces with Taiwan-based IT service provider SYSTEX to deliver extensive treasury solutions for banks in Taiwan.
Through the collaboration, SYSTEX will resell Finastra’s Kondor and Risk solutions. This will create an offering that brings together Finastra’s trading system and SYSTEX’s local expertise and wide technology services capabilities.
The partnership will also allow more banks in Taiwan to digitally transform and expand their businesses.
SYSTEX vice president Reese Chang said: “This partnership between SYSTEX and Finastra will showcase leading technologies, providing innovative and comprehensive financial information technology services and solutions.
“Fintech upgrades and transformation require vertical integration capabilities. Through this partnership, we are making a strategic breakthrough in the financial services sector.”
The Kondor solution helps financial institutions trade high volumes of treasury along with providing the flexibility to support more complex derivatives, options, and structured trades.
It can be seamlessly integrated with existing systems and applications, allowing simplification, reducing costs and creating a single source of truth while maintaining compliance for the organisation.
Finastra’s Risk solution is a fully automated, end-to-end solution that facilitates banks to manage risk, margin monitoring, balance sheet optimisation and regulatory reporting.
The solution offers a total risk management system that delivers better performance, scalability and visibility for timely and accurate decision-making with one intuitive dashboard and simple integration with the existing architecture.
Finastra APAC treasury and capital markets managing director Richard Zhu said: “Combining Finastra’s leading treasury solutions with SYSTEX’s broad and deep capabilities enables us to bring a comprehensive end-to-end offering to banks in Taiwan, which will fuel digital transformation and business growth for banks in this important market.”
