Fintech provider Finastra has announced a new Centre of Excellence in Kuala Lumpur, Malaysia deepening its presence within the Asia Pacific region.
Located in Kuala Lumpur’s MRANTI Technology Park, the centre aims to contribute to Malaysia’s local economy and promote science, technology, engineering and more skills dedicated to innovation.
The Centre of Excellence will promote Finastra’s lending, universal banking, payments and treasury software solutions, already embedded across the Asia Pacific region.
In addition, Finastra will benefit from MRANTI’s integrated infrastructure and services, being able to tap into local IT talent from nearby universities and startup tech firms.
“Growth in Asia Pacific is one of our company’s key strategic commitments and opening a Centre of Excellence in Kuala Lumpur is an important milestone to help us achieve this goal,” stated Simon Paris, CEO of Finastra.
“This site is a hub for technology innovation and MRANTI’s desire to act as a connector, incubator, and catalyst to transform ideas from early-stage ideation complements our collaborative mantra to drive innovation and technology acceleration around digital trade.”
Finastra will use its FusionFabric cloud development platform to continue to support innovation for its financial institution customers across the globe, connecting fintech firms along with those in Malaysia, to its core solutions.
The new space will also look to embrace sustainability providing a low-carbon development platform that looks to use renewable energy to recycle all waste and conserve water through rain harvesting.
Dzuleira Abu Bakar, CEO of MRANTI, added: “Through our recently launched MRANTI Park Master Plan, we seek to inspire the world with a bold new model that accelerates ideas to impact by combining our development expertise with tech infrastructure and services for the creation of technology and innovation.
“We are excited that a leading fintech company like Finastra is joining our growing community and look forward to supporting local tech innovation to transform our nation’s technology landscape.”