Finastra scoops top spot across four categories in the Bobsguide Software Rankings 2018
London, UK – December 21, 2018, Finastra has secured the top spot across four categories in the Bobsguide Software Rankings this year. These include regulatory compliance, ease of system use, data management and fund transfer. The win reflects the company’s broad product set and open innovative approach, as well as its work this year within international financial services.
Michael McCaw, Editor at Bobsguide said, “The rankings are voted on by market participants and reflect those organizations which have impressed their customers this year. Finastra has excelled across several of the categories as a stand-out firm. Congratulations to all of those who made the list for a great year. And for those in the market for financial technology vendors, we hope this helps your buying decision.”
On the regulatory compliance front, most recently FINCA Impact Finance went live with Fusion Risk to improve its short-term regulatory compliance and reporting in line with the International Financial Reporting Standard 9 (IFRS9). In addition, Münchener Hypothekenbank eG (MünchenerHyp) is using Finastra’s Regulatory Reporting solution to meet the post-trade transaction and transparency reporting requirements of MiFID II and the associated Markets in Financial Instruments Regulation (MiFIR).
This year has also seen Finastra continuing to enhance its UX across solutions to ensure that financial institutions benefit from easily accessible, easy to use systems as they meet changing market demands from their clients. This approach reaches beyond the Finastra solutions, right across the company’s FusionFabric.cloud platform, which enables developers to build applications faster in a low-code, efficient environment.
Eli Rosner, Chief Product and Technology Officer at Finastra said, “We are committed to providing our customers with innovative and trusted technology that drives real change in their organizations, whether this be in a corporate setting, a retail setting, or indeed both. What an honor to be recognized by the industry and market participants for our contribution to financial services in 2018.”
Moreover, Finastra came in the top three in the rankings for portfolio management and instant payments. The company already processes over 30% of the UK’s faster payments and 25% of US wire payments, and recently revealed it is moving its instant payments offering for small and mid-sized banks to the cloud. The Fusion Global PAYplus packaged solution will enable tier three and four financial institutions in the EU and US to access the benefits that the cloud delivers, without the cost and on-premise infrastructure requirements that may previously have been a barrier to entry.
The full list of winners can be found here.
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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. 90 of the world’s top 100 banks use Finastra technology.
Please visit www.finastra.com.
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