Finastra brings mortgage solutions to the cloud with Microsoft Azure
Alliance with Microsoft advances Finastra’s commitment to delivering solutions via the cloud
London and New York, April 16, 2018 – Finastra is bringing its mortgage lending solutions to the cloud via Microsoft Azure. As part of the strategic alliance between the two companies to use Microsoft’s enterprise-ready, trusted cloud platform as a base for a selection of Finastra’s payments and retail banking technology, Finastra’s Fusion MortgagebotLOS product is now available via the Azure cloud. As of today, US clients that access this service will realize streamlined access to their data, improved operational control and increased productivity.
By accessing technology remotely via the cloud, financial institutions benefit from a flexible cost structure in which they can access only the resources required, and where system upgrades are rolled out immediately and automatically. Cloud technology also offers enhancements in availability, disaster recovery, environment / process monitoring, mobility and collaboration.
Finastra already uses the Azure cloud platform to deliver its payments solutions and more business lines will move to the cloud over the next 12 months. The addition of Fusion MortgagebotLOS to the cloud advances Finastra’s commitment to deliver the broadest portfolio of solutions for financial institutions of all sizes, on premises or in the cloud. Fusion MortgagebotPOS, which allows lenders to receive accurate, qualified mortgage applications through every point-of-sale channel, will be available on the Azure cloud in the coming months. The alliance between Finastra and Microsoft, announced in March, also serves to underpin Finastra’s FusionFabric.cloud open platform for innovation.
“Finastra is changing the way software is written, deployed and consumed as part of our open vision. Within that mantra we are committed to helping our customers embrace innovation and giving them choice when it comes to software delivery models. Bringing Fusion MortgagebotLOS to the cloud is a significant step forward in changing how clients can access and benefit from our solutions,” said Simon Paris, Deputy CEO, Finastra. “By teaming up with Microsoft, we have a partner that shares both our vision and our values for providing a secure, highly-available and proven cloud platform.”
Janet Lewis, Vice President of Worldwide Financial Services at Microsoft said, “Together, Finastra and Microsoft Azure are able to offer our mutual clients greater flexibility in how they receive Finastra’s solutions. Using the Azure cloud platform, banks are now able to access Finastra’s loan origination software in a manner that reduces cost of ownership and simplifies solution updates.”
Note to editors:
Fusion MortgagebotLOS is an all-in-one loan origination system that supports retail, wholesale and correspondent mortgage lending in the United States. It is a user-friendly, web-based solution that streamlines all origination processes, enables access to information anytime and anywhere, increases loan production and reduces operating costs. Learn more about Fusion MortgagebotLOS 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. 48 of the world’s top 50 banks use Finastra technology.
Please visit www.finastra.com.
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