Finastra makes Fusion KTP available to customers via Microsoft Azure

By Megha Bhattacharya

Finastra today announced the availability of its Fusion KTP integrated global treasury management solution in the cloud. According to the company, accessing Fusion KTP in the cloud will give users the opportunity to accelerate innovation and time to market, and the ability to transform their operations at scale.

“Making Fusion KTP available to customers in the cloud via Microsoft Azure builds on Finastra’s strategic vision to help accelerate the digital transformation of financial services, and help customers on their journeys to open,” said Riteesh Singh, Senior Vice President, Financial Messaging Marketplaces at Finastra. “Customers eager to transform their treasury operations will benefit from increased flexibility in adapting to constant change across global markets. In addition, they will be able to take advantage of the highest standards of security, resiliency, performance and operating excellence.”

Finastra stated that Fusion KTP supports treasurers within both banks and corporates in managing their evolving cash management, risk, reporting, compliance and accounting requirements. The solution offers end-to-end multi-asset coverage and supports collaborative cash and workflow management across customer organizations, allowing them to centralize their financial exposures – optimizing hedging cost, reducing risk and ensuring compliance.

Cubillas Ding, Research Director at Celent, said, “Treasury functions are increasingly called upon to closely partner with internal business teams, as well as with innovative external technology vendors to navigate strategic and tactical course corrections, especially through uncertain markets. Set against global efforts to adapt and remodel, firms have to react to heightened business dislocations, altered competitive playbooks, in addition to a complex interplay of financial, liquidity and cyber risks. A leaner, more responsive posture will enable an organization to quickly steer towards optimal paths for growth, diversification and resiliency.”

Recently, Finastra announced that it has teamed up with HUBX with an aim to help corporate lenders during the loan syndication process by reducing manual processes. The development will see the integration of Finastra’s back-office loan software Fusion Loan IQ with HUBX’s digital front-office platform HUBX Arranger. This integration is carried out via Finastra’s open development platform, FusionFabric.cloud and is expected to develop an enhanced end-to-end offering that boosts efficiency and harnesses data insights and automation to ultimately improve customer experience.