Finastra Reveals its Next Generation Data Platform for Rapid Financial Services Innovation

Cision PR Newswire | October 26, 2020

Finastra today announced the availability of its next-generation data offering, Fusion Data Cloud. The suite of solutions is designed to help financial institutions improve customer engagement, grow revenue, digitize processes for efficiency, and manage risk. Fintechs using Fusion Data Cloud gain a unique opportunity to train and deliver their solutions with sample financial institution data. One such fintech tapping into the data sharing capabilities is Vector Risk. The Vector Risk Service uses data from Fusion Opics, and is designed to help financial institutions meet the requirements of the Fundamental Review of the Trading Book (FRTB) regulation. It uses HPC (high performance computing) for extreme computational performance to analyze data, carrying out portfolio analysis and valuation in minutes rather than hours.


Digitalization is changing the entire customer relationship. Banking customers can now complete the majority of personal finance transactions on a variety of devices and platforms, without once stepping into a bank branch. A strong digital banking strategy creates a connection between every point of communication, at every time of need, to create a seamless experience for customers. It also encourages customers to choose digital channels as the primary means of connecting and transacting throughout the customer journey.


Digitalization is changing the entire customer relationship. Banking customers can now complete the majority of personal finance transactions on a variety of devices and platforms, without once stepping into a bank branch. A strong digital banking strategy creates a connection between every point of communication, at every time of need, to create a seamless experience for customers. It also encourages customers to choose digital channels as the primary means of connecting and transacting throughout the customer journey.

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Paya and RECUR360 Form Strategic Alliance to Implement Integrated Payments for B2B Clients

Paya | July 14, 2021

Paya, a leading supplier of integrated payments and commerce solutions, has established a strategic alliance with RECUR360, a cloud-based software and automation solution provider that provides recurring payment, invoicing, and collection capabilities across a variety of B2B sectors. RECUR360 will provide its clients greater capabilities and support for integrated card and ACH transactions as a result of the agreement, while also expanding into new, underserved areas such as wholesalers, distributors, and field service providers. “Through this strategic collaboration, RECUR360 will provide its clients with greater efficiency across the end-to-end payments process while also providing an enhanced user experience,” stated Paya CEO Jeff Hack. “The collaboration also expands Paya's possibilities to serve B2B-focused software clients in the field services market, where our integrated payments capabilities may deliver a significant value proposition.” “Our cooperation with Paya marks another important step forward in value for our customers,” stated Andrew Abrams, Recur360's Founder and CEO. “We are pleased about Paya's comprehensive API library and automated onboarding process, both of which will make RECUR360's clients' payments process more simple and efficient.” About Paya Paya is a leading supplier of integrated payment and frictionless commerce solutions that assist clients in accepting and making payments, expediting money receipt, and increasing operational efficiencies. The firm handles approximately $35 billion in yearly payment volume by credit/debit card, ACH, and cheque, ranking it among the top 20 payment processors in the United States. Paya serves over 100,000 clients through over 2,000 major distribution partners in high-growth verticals such as healthcare, education, non-profit, government, utilities, and other B2B end markets. The company's basis is focused on providing powerful connections with front-end CRM and back-end accounting systems to improve customer experience and workflow. Paya is based in Atlanta, Georgia, and has offices in Reston, Virginia, Fort Walton Beach, Florida, Dayton, Ohio, Mt. Vernon, Ohio, Dallas, Texas, and Tempe, Arizona. About RECUR360 RECUR360 TECHNOLOGIES LLC is a prominent Invoice and Payment Automation service for QuickBooks Desktop and Online users. RECUR360 accelerates QuickBooks workflow by accelerating recurring invoice creation, payment processing, batch emailing, collections, late fees, convenience fees, and sales tax calculation. Because the programme is web-based, accounting and sales users may access it from any web browser at any time and use the extensive security settings to generate unique user logins with limited module access. RECUR360 now offers improved credit card and ACH processing rates, as well as reconciliation technology, to QuickBooks customers as a result of its partnership with Paya. RECUR360 is used by businesses with Monthly and Annual Recurring Revenue (MRR/ARR), as well as subscription-based products and services, to process over $250 million in payment transactions per year. Custom connections may also be built to link with other front-end programmes, such as CRM systems, IT management systems, and time and expense management systems. RECUR360 is headquartered in Scottsdale, Arizona, and has virtual offices around the United States.

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Deutsche Bank and Google Cloud to Co-Innovate the Next Generation of Cloud-Based Financial Services

Deutsche Bank, Google Cloud | December 07, 2020

Deutsche Bank and Google Cloud have settled a key, multi-year association to quicken the bank's progress to the cloud and co-advance new products and administrations. It is the primary association of this sort for the monetary administrations industry. For Deutsche Bank's customers, the understanding will reshape how products and administrations are planned and conveyed. With quicker application development and the utilization of advanced artificial intelligence and data analytics tools, the bank will have the option to react all the more deftly and all the more precisely to the most squeezing difficulties, patterns and customer needs. "Today marks a new chapter for Deutsche Bank," said Bernd Leukert, Deutsche Bank's Chief Technology, Data and Innovation Officer and Member of the Management Board. "With Google Cloud by our side, we have a strategic partner that will accelerate our technology transformation, enable us to use data more intelligently and provide a flexible and safe environment for us to quickly deliver new products and services. This is the blueprint for bringing together the relative strengths within banking and technology for the benefit of our clients." "Mobile self-service options, artificial intelligence-based recommendations, and other innovations are transforming the banking experience for businesses and consumers around the world," said Rob Enslin, President, Google Cloud. "Our partnership with Deutsche Bank will bring new innovations to life and further establish the financial services industry as an early technology adopter. Deutsche Bank is a trailblazer in the industry, and we couldn't be more thrilled to partner with such an important market leader." A number of use cases for the partnership are already being explored, including: New lending products to support "pay-per-use" models as an alternative to purchasing assets outright (asset-as-a-service); Establishing a unified, intuitive interface for retail customers in Germany to more easily view the range of Deutsche Bank and Postbank products; and Enhancing the bank's Autobahn platform, the award-winning electronic service offering for corporate and institutional clients, to create more personalised recommendations and experiences As a further advance, Deutsche Bank and Google Cloud mean to specifically co-enhance with promising new businesses and fintechs that can uphold the bank's customer and change objectives. What's more, to expand client reach, Deutsche Bank intends to list its Google Cloud products on Google Cloud Marketplace, to drive more extensive selection of the bank's new cloud local administrations and arrangements. Moving to the cloud will empower Deutsche Bank to exploit a modern and completely oversaw climate for applications. Adaptability and versatility will improve, with an inflexible spotlight on data privacy and security to shield client data and Deutsche Bank's data resources. Deutsche Bank can pick in which data focus locale in degree applications are being conveyed to cook for data area inclinations or rules. Deutsche Bank applications will scramble data very still and on the way. Google Cloud will furnish Deutsche Bank with usefulness to permit the bank to deal with its encryption keys. About Deutsche Bank Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany's leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific. About Google Cloud Google Cloud provides organizations with leading infrastructure, platform capabilities and industry solutions. We deliver enterprise-grade cloud solutions that leverage Google's cutting-edge technology to help companies operate more efficiently and adapt to changing needs, giving customers a foundation for the future. Customers in more than 150 countries turn to Google Cloud as their trusted partner to solve their most critical business problems.

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PAG Selects Broadridge as Cloud-Based Portfolio Management Technology Provider to Strengthen Private Debt Operations

Broadridge Financial Solutions, Inc. | October 27, 2020

Broadridge Financial Solutions, Inc. a worldwide Fintech pioneer, declared that PAG, one of the world's biggest Asia-centered speculation gatherings, has picked Broadridge as a cloud-based portfolio the board innovation supplier. The improvement will uphold PAG's capacities for its private obligation activities. Broadridge will give PAG an exceptionally adaptable cloud-based framework that will additionally upgrade its abilities. The Broadridge Sentry portfolio the executive's arrangement will help PAG's private obligation group completely incorporate center and back-office tasks into a solitary smoothed-out innovation framework. "Private debt in Asia has provided significant opportunity for firms that can manage the complexity inherent in these markets. PAG has an established track record of success, and the support of Broadridge's technology will help us as we position ourselves for the next phase of growth," said Derek Crane, COO at PAG. "We are delighted that PAG has chosen Broadridge's portfolio management technology in Asia to advance its operational efficiencies in private debt," said Eric Bernstein, president of Asset Management Solutions at Broadridge. "Investors are demanding robust growth alongside transparency, and our technology systems can help clients achieve both needs." As a main private obligation director in Asia, PAG gives financing solutions to its accomplices over the area. With innovation and activities that can deftly scale to help continuous development, PAG will keep on being all around situated to investigate future changes. Broadridge ceaselessly fortifies its capacities to meet the developing innovation needs of the private obligation and private value commercial center. Its securing of ClearStructure Financial Technology extended its capacities to improve venture work process proficiency for portfolio directors, and its private value stage influences blockchain innovation to interface the mind-boggling private value lifecycle for all market members. About Broadridge Broadridge Financial Solutions, Inc. a U.S. $4 billion global Fintech leader, is a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers and corporate issuers. Broadridge's infrastructure underpins proxy voting services for over 50 percent of public companies and mutual funds globally, and processes on average more than U.S. $8 trillion in fixed income and equity securities trades per day. Broadridge is part of the S&P 500® Index and employs over 12,000 associates in 17 countries. About PAG PAG is one of the world's largest Asia-focused private investment firms, with a network of 200 seasoned investment professionals in nine key offices in Asia and around the world. With experience across industries and market cycles, PAG delivers value to investors by seeking out market leaders and investing to help them reach their full potential. The firm invests globally with a primary focus on Asia. PAG currently manages US$40 billion in capital on behalf of more than 150 leading institutional investors from Europe, North America, Asia and the Middle East.

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