Finastra partners with SYSTEX to provide comprehensive treasury solution offering for Taiwan banks
SYSTEX becomes solution partner for Finastra’s Kondor and Risk solutions
Singapore and Taipei, Taiwan – February 15, 2024 – Finastra has today announced SYSTEX as a solution partner in Taiwan. 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. The partnership will enable more banks in Taiwan to digitally transform and grow their businesses.
“SYSTEX is a market leader in integrated business solutions and technology services, and we are pleased to partner with them to fuel banks’ trading operations in Taiwan,” said Richard Zhu, Managing Director, Treasury & Capital Markets, APAC, Finastra. “Combining Finastra’s leading treasury solutions with SYSTEX’s broad and deep capabilities enables us to bring a comprehensive end-to-end offering to banks in Taiwan, which will fuel digital transformation and business growth for banks in this important market.”
Reese Chang, Vice President of SYSTEX Co., Ltd. said: "This partnership between SYSTEX and Finastra will showcase leading technologies, providing innovative and comprehensive financial information technology services and solutions. Fintech upgrades and transformation require vertical integration capabilities. Through this partnership, we are making a strategic breakthrough in the financial services sector.”
Finastra Kondor enables financial institutions to trade high volumes of treasury while offering the flexibility to support more complex derivatives, options, and structured trades. It can easily integrate with existing systems and applications, enabling simplification, lowering costs and creating a single source of truth – all while ensuring that the organization remains compliant.
Finastra Risk is a fully automated, end-to-end solution that allows banks to manage risk, margin monitoring, balance sheet optimization and regulatory reporting. With one intuitive dashboard and seamless integration with existing architecture, Risk provides a total risk management system that enables better performance, scalability and visibility for timely and accurate decision making.
For further information please contact:
Caroline Duff
Global Head of PR, Finastra
T +44 (0)7917 613586
E caroline.duff@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, providing award-winning software solutions and services across Lending, Payments, Treasury & Capital Markets and Universal Banking (Retail, Digital and Commercial 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 over 8,000 institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.
About SYSTEX
Established in 1997, SYSTEX Corporation (TWSE code: 6214) is a leading Taiwan-based IT service provider with approximately 4,200 employees, ranked among the top 100 in Taiwan service industries. SYSTEX has rendered professional IT services for over 30,000 enterprise and government clients, covering Taiwan, Hong Kong, China, Asia, Europe, and the United States. Distributing more than 70 products and solutions, SYSTEX is the prime partner of many international software companies. SYSTEX reported consolidated revenue of USD 1.12 Billion in 2023. Positioned as “a Data Software Company”, SYSTEX develops 5A (AP, APP, API, Appliance, Algorithm) cross-industry software capabilities and 4C (Cloud Migration, Application, Management & Security) services as the core competence. Meanwhile, SYSTEX collaborates with ecosystem partners to assist clients in building their data service and business model under multi-hybrid cloud architecture. In addition, SYSTEX is focusing on accelerating digital transformation for enterprise clients to create their exponential growth curve.