Arkéa Banking Services selects Finastra’s Fusion Risk solution
By Megha Bhattacharya
Finastra today announced that Arkéa Banking Services, a subsidiary of Crédit Mutuel Arkéa in France, has selected Finastra’s Fusion Risk solution to help streamline operational processes and reduce operational costs for local banks. The Arkéa Banking Services team will use the Asset Liability Management (ALM), Funds Transfer Pricing (FTP), and Regulatory Compliance including Liquidity Risk Engine and Reporting modules of Finastra’s Fusion Risk to help local banks meet regulatory demands and to provide powerful analytics and insights to optimize business performance. This includes both day-to-day operational oversight and long-term strategic business planning.
“Fusion Risk is a proven solution, and one that Crédit Mutuel Arkéa already uses to support its internal needs, so we are very confident about using it as part of the hosting and outsourcing operations we provide,” said Marc Chereau, Head of IT at Arkéa. “Finastra’s Fusion Risk offers both functional and technical excellence. As well as using the solution to manage risk, margin monitoring, balance sheet optimization and regulatory reporting, Fusion Risk will also support us in managing other banks’ technical operations, ensuring the highest standards of security, resiliency, performance and operating excellence.”
Recently, Finastra announced that UK-based property finance specialist Glenhawk has selected Fusion Essence Cloud to support its growing lending business, by maximizing the operational efficiency of the loan approval and completion process. Fusion Essence Cloud will give Glenhawk a complete view of its lending portfolio, delivering accurate management information in real-time, in one place – enabling it to manage its business proactively and grow additional revenue streams.
“Local financial institutions will benefit from Arkéa’s experience and technical expertise in retail and corporate banking and risk management, supported by the proven capabilities and powerful analytics of Fusion Risk, helping them to transform operations and enhance business performance,” said Arnaud Picut, Global Head of Risk at Finastra. “We’re delighted to work with the Arkéa Banking Services team and to provide technology solutions that support the pivotal role they play in supporting financial institutions, insurers and fintechs in France.”