Finastra and SYSTEX: Improving Taiwan’s Banking Sector in Latest Partnership
In a groundbreaking partnership that marries technological innovation with financial expertise, Finastra has joined forces with SYSTEX, ushering in a new era of treasury management solutions for Taiwan’s banking sector. This collaboration represents a strategic melding of Finastra’s advanced treasury solutions, Kondor and Risk, with SYSTEX’s deep market insight and comprehensive technology service capabilities. Together, they aim to propel Taiwanese banks into the future of digital finance, enabling a transformation that promises growth and enhanced operational efficiency.
Finastra and SYSTEX: A Strategic Alliance
💡SYSTEX will resell Finastra’s Kondor and Risk solutions, creating an offering that combines Finastra’s best-of-breed trading system with SYSTEX’s local expertise and broad technology services capabilities.
At the heart of this partnership lies a shared vision: to equip Taiwan’s financial institutions with the tools they need to navigate the complexities of the modern economic landscape.Finastra, a global powerhouse in financial software applications, brings its award-winning suite of solutions to the table, including the leading open platform for innovation, FusionFabric.cloud. Since its inception in 2017, Finastra has been at the forefront of the open finance movement, championing collaboration and innovation across the financial sector. With a clientele that includes 45 of the world’s top 50 banks, Finastra’s pedigree in delivering excellence and fostering growth is unmatched.
SYSTEX: Taiwan’s Technological Titan
SYSTEX, on the other hand, is a titan in its own right. With a legacy stretching back to 1997, this Taiwan-based IT service provider has carved out a reputation for excellence, serving over 30,000 enterprise and government clients across the globe. Its robust portfolio, encompassing more than 70 products and solutions, underscores SYSTEX’s commitment to driving digital transformation and creating exponential growth curves for its clients. With a workforce of approximately 4,200 employees, SYSTEX’s prowess in integrated business solutions and technology services is a force to be reckoned with.
Revolutionising Treasury Management
The synergy between Finastra’s Kondor and Risk Solutions and SYSTEX’s local expertise is a game-changer for Taiwan’s banking sector.Kondor, Finastra’s flagship trading system, is designed to facilitate high-volume treasury trades while accommodating complex derivatives, options, and structured trades. Its seamless integration capabilities ensure simplification of processes, reduction in costs, and the establishment of a single source of truth, all while maintaining compliance with regulatory standards.
Finastra: Comprehensive Risk Management
Finastra’s Risk solution complements this by offering a fully automated, end-to-end system for risk management, margin monitoring, balance sheet optimisation, and regulatory reporting. Its intuitive dashboard and seamless integration with existing infrastructure provide banks with a comprehensive risk management system, enabling better performance, scalability, and visibility for timely and accurate decision-making.
The Future of Digital Banking in Taiwan
This partnership between Finastra and SYSTEX is more than just a business collaboration; it’s a beacon of innovation and transformation for the financial services sector in Taiwan. By combining Finastra’s global expertise and cutting-edge technology with SYSTEX’s local know-how and service excellence, this alliance is set to redefine what’s possible in digital banking. It is a testament to the power of collaboration and the potential of technology to drive the digital transformation of banking, ensuring that Taiwanese banks are not just participants but leaders in the global financial ecosystem.
As we stand on the brink of this new digital dawn, the partnership between Finastra and SYSTEX is a shining example of how technology and expertise can come together to fuel growth and innovation. It’s a narrative that speaks to the heart of what makes the financial industry so vital – its constant evolution. With such collaborations leading the way, the future of banking in Taiwan and beyond looks brighter and boundless.
