back Back

Finastra and Liquid partner to help banks integrate cryptocurrency services

By Leandra Monteiro

December 13, 2021

  • Core Processors
  • Finastra
  • Fusion Essence
Share

Finastra, LiquidFinastra and Liquid have announced plans to make Liquid’s Quick Exchange (QEX) app available through Finastra’s open developer platform and app store, FusionFabric.cloud. Through integration with Finastra’s Fusion Essence core banking solution, QEX will enable banks to meet rising interest in cryptocurrency by offering services including buying, swapping and payments.

QEX provides bank customers with access to over 150 cryptocurrencies, enabling them to buy and trade instantly in a simple, fast, and secure manner. Customers benefit from Liquid’s highly competitive fee structure and the platform provides flexibility for traders, offering low minimum order requirements and the ability to lock trade rates for up to two minutes. The platform can easily be integrated with Finastra’s Fusion Essence core banking solution through open APIs and its low friction KYC process helps banks to keep customers in their ecosystem. This means customers can access the burgeoning crypto market without leaving their familiar, trusted banking environment.

“Interest in cryptocurrency investment is surging and forward-thinking banks are looking to meet this demand to gain a competitive edge. With QEX, banks can get to market faster and offer reliable services based on proven technology,” said Mike Kayamori, CEO at Liquid. “Having QEX available on FusionFabric.cloud means hundreds of banks globally will be able to introduce their customers to crypto services quickly and seamlessly. The Fusion Essence core banking solution also provides many benefits, such as valuable data and analytics capabilities, making Finastra the right partner for us in helping more banks enter the crypto space.”

“More and more people are taking their fiat currency out of banks and investing it into crypto assets. Rather than simply losing this capital, QEX offers banks an opportunity to benefit from these transactions and even capture new account holders,” said Eli Rosner, Chief Product and Technology Officer at Finastra. “QEX also enables banks to leverage the trusted brands and relationships they have built over many years to offer crypto services in a familiar environment, creating the exciting potential to capture the business of investors who are curious but cautious. As an ecosystem orchestrator we aim to bring partners together to fulfil the needs of customers, so we look forward to working with Liquid to drive the expansion of accessible cryptocurrency services in retail banking.”

Previous Article

December 13, 2021

Paystand puts crypto on its balance sheet, setting a new standard for B2B SaaS operations

Read More
Next Article

December 13, 2021

The Arab Monetary Fund announces an MoU with Mastercard

Read More








IBSi Daily News Analysis

March 22, 2024

Core Processors

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 27, 2024

Vilja integrates Mast’s mortgage origination solutions into platform

Read More

March 22, 2024

AccessPay closes $24m funding round led by True Ventures

Read More

March 18, 2024

Zone raises $8.5m to scale its decentralized payment infrastructure

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023