Finastra and Modefin collaborate to offer best-in-class fintech solutions for banks in Africa and selected Indian subcontinent markets
Partnership will help banks accelerate growth with market-leading trade and supply chain finance, core banking services and digital delivery solutions
LONDON, 9 November 2022 /PRNewswire/ — Finastra, a global provider of financial software applications and marketplaces, and Modefin, a global fintech solutions provider helping banks thrive in the digital age, today announced their partnership to offer Finastra’s Fusion Trade Innovation and Fusion Essence- solutions for banks i Africa and several Indian subcontinent markets. With Finastra’s solutions, Modefin will help its customers embrace open finance today and future-proof their banking and global trading operations.
“We are pleased to partner with Finastra and bring its proven solutions to our current and future customers,” said Amit Darda, co-founder and director of Modefin. “We have a long-standing relationship, having previously partnered to bring our own solution to market via its FusionFabric.cloud platform. It is a pleasure to continue to strengthen our relationship and I look forward to bringing together Finastra’s solutions and expertise with our knowledge of the regional market and strong customer base.”
Finastra supports the banks as they continue to adapt to changing market requirements and customer expectations – while at the same time being future-proofed for tomorrow. Fusion Essence, the cloud-enabled next-generation core banking solution, combines sophisticated functionality and advanced technology to increase corporate agility and operational efficiency, while using AI to unlock data for smarter business decisions. The SaaS offering covers all stages of the user journey, enabling financial institutions to deliver end-to-end experiences for differentiation.
Fusion Trade Innovation is Finastra’s end-to-end solution with industry-leading capabilities for frictionless trade and supply chain financing. It uses right through processing, digitization and data analytics to enable intelligent commerce for growth, with the ability to evolve with evolving compliance, customer and competitive demands.
“At Finastra, we believe that finance is already open,” said Wissam Khoury, EVP, Partner Ecosystem and Treasury & Capital Markets at Finastra. “Our open ecosystem and best-in-class solutions enable banks to leverage advanced technology and value-added services for continuous innovation and growth. Our partners play an integral role in helping us deliver this. With their strong team, track record, at – Presence on the ground and a shared passion for open finance, we are happy to collaborate with Modefin to help banks move forward in the region.”
To find out more about Fusion Essence, click here.
To find out more about Fusion Trade Innovation, click here.
For further information please contact:
Sofia Romano
Senior PR Manager EMEA
E [email protected]
finastra.com
Benjamin Jun Tai
Senior Manager, Executive Communications and APAC PR
E [email protected]
finastra.com
About Finastra
Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, offering award-winning solutions and services across lending, payments, finance and capital . Markets, and Retail & Digital Banking for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by ~8,600 institutions, including 90 of the world’s top 100 banks. For more information, visit finastra.com.
Company headquarters
4 Kingdom Street
Paddington
London W2 6BD
Great Britain
About Modefin
Modefin is a global fintech solution provider that provides banks and financial institutions with state-of-the-art digital banking solutions that help them thrive in the digital age. Founded in 2011 and headquartered in Bangalore, India, we currently serve 60+ banks in more than 20 countries worldwide. With our technical expertise and domain knowledge, Modefin provides endless banking opportunities for banks of all sizes to accelerate their digital transformation and stay ahead of the competition. We aim to deliver quality products and services that are reliable, built on long-lasting values and relationships, win customers’ trust and improve their lives. For more information, visit modefin.com.
Bangalore Office Location (Headquarters)
AIKYA, #228, 7th Main Road, Rajiv Gandhi Nagar,
nandini layout, Bangalore – 560 096, Karnataka, India.
[email protected]
Logo:
SOURCE Finastra
