Finastra and UNITAS partner to bring leading treasury solution to banks in South Korea
Strategic partnership will help more banks leverage Finastra’s Kondor solution to digitally transform their treasury operations
Seoul, South Korea – February 22, 2024 – Finastra has today announced UNITAS as a strategic partner for Finastra’s Kondor treasury solution in South Korea. The combination of Finastra’s best of breed trading system with UNITAS’s local expertise and deep experience providing risk and compliance solutions to financial institutions will enable more banks in the country to digitally transform and grow their business.
“After many years helping banks in South Korea to digitally transform their treasury operations, we are excited to combine our experience with UNITAS - a leading name in South Korea’s financial risk and compliance market,” said Richard Zhu, Managing Director, Treasury & Capital Markets, APAC, Finastra. “With its experience and reach in the market, working alongside UNITAS will enable us to bring an even more comprehensive offering to Korean financial institutions and help grow their businesses.”
“With our common client profile, this partnership presents clear synergies and enables us to offer Finastra’s best of breed trading system to our existing and new clients, as well as opening up a new revenue stream,” said Dooho Lee, Director, UNITAS. “We look forward to working with Finastra to help more banks transform their treasury operations.”
Finastra Kondor enables financial institutions to trade high volumes of treasury while offering the flexibility to support more complex derivatives, options, and structured trades. The solution can be easily integrated with existing systems and applications, enabling simplification, lowering costs and creating a single source of truth – all while ensuring that the organization remains compliant.
For further information please contact:
Caroline Duff
Global Head of PR, Finastra
T +44 (0)7917 613586
E caroline.duff@finastra.com
About Finastra
Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, providing award-winning software solutions and services across Lending, Payments, Treasury & Capital Markets and Universal Banking (Retail, Digital and Commercial Banking) for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open Please consider our planet before printing Press Release The latest news from Finastra finance and collaboration is why it is trusted by over 8,000 institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.