back Back

Finastra releases new data offering – Fusion Data Cloud

By Megha Bhattacharya

October 26, 2020

  • Finastra
  • UK
Share

finastraFinastra, today, announced the availability of its next-generation data offering – Fusion Data Cloud. The new offering is expected to help financial institutions enhance customer engagement, increase revenue and digitise processes for efficiency and manage risk. Fusion Data Cloud aims to offer a data ecosystem, actionable insights and connected experiences.

Finastra is uniquely placed to connect FinTechs, financial institutions, and third parties to accelerate the creation of innovative data solutions for our customers and our partners. Those that embark on this data journey with us can kick start their move towards deeper customer insights and business growth. Our open ecosystem revolutionizes the innovation process – advanced analytics can generate crucial insights for financial institutions to help them personalize and transform the customer experience, reduce risk and amplify business results,” said Eli Rosner, Chief Product and Technology Officer, Finastra.

According to Finastra, FinTechs can use the new data offering to train and deliver their solutions with sample financial institution data.

The company uses the Fusion Data Cloud to produce AI and ML related data apps that are already live, including Mortgagebot Data Insights (LOS and POS) to optimize loan processing and application conversion, Fusion Payment Insights to provide payment customers with an operational and 360-degree customer view, Fusion Analytics to enable churn detection and next best product recommendations for North American community markets and Fusion Retail Analytics for international and top-tier banks.

Justin Taylor, Managing Director at Vector Risk said, “Without access to Finastra’s Fusion Data Cloud, we would need to take each institution’s unstructured data, understand it, clean it, and apply a structure. This could take many months, if not years to achieve. With Finastra managing the data securely for all, it’s a win-win for all parties. We’re excited to be live in the FusionStore with our app.”

Previous Article

October 26, 2020

Ratnaafin secures NBFC & insurance broking licenses from RBI

Read More
Next Article

October 26, 2020

IFSCA introduces FinTech Regulatory Sandbox in India

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Finastra

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

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

Today

Danish firm Ageras raises €82m for FinTech acquisitions

Read More

Today

The Monday Roundup: what we are watching this week | May 27th

Read More

May 24, 2024

Capital on Tap partners with Plaid in the UK

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
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