Finastra has joined forces with Chromium-based workspace technology provider OpenFin to transform the user experience of bank treasury management system Finastra Kondor.
The financial software applications and marketplaces provider aims to leverage OpenFin’s technology to bolster Kondor’s visual real estate with better workspaces and workflows.
This is expected to bring greater efficiencies and help in optimising the decision-making process for banks.
OpenFin chief operating officer Adam Toms said: “Our collaboration with Finastra enhances Kondor’s already impressive capabilities, making it even more powerful in the complex landscape of treasury trading.
“Together, we are setting a new standard for what financial institutions can expect in terms of performance and user experience.”
Finastra said that the collaboration is part of a larger evolution of Kondor.
This includes the use of microservices, embedded artificial intelligence (AI), and partner ecosystems to offer intuitive and persona-based experiences, available through treasury as a service (TaaS) and cloud capabilities.
Kondor offers a trading system tailored to fulfil the intricate treasury requirements of financial institutions, fostering expansion, and guaranteeing regulatory adherence.
According to Finastra, the solution serves as cornerstone for various financial firms with its capabilities in supporting complex trading, risk management, and operations.
By leveraging OpenFin’s Workspace “Anywhere” technology, Kondor users can seamlessly access the solution through web browsers like Google Chrome and Microsoft Edge or opt for a lightweight desktop application.
Finastra treasury and capital markets chief product and technology officer Herve Carrere said: “Through robust technology and TaaS, we’re giving banks the tools to fast-track their transformation, future-proof their business to evolve with new demands and optimise their entire treasury operations – from full back-office processing through to real-time coverage of credit, market and liquidity risk in the front office.
“The seamless workspace experience also ensures that users can easily access these tools in the way that works best for them.”