Finastra deepens Taiwan presence via SYSTEX partnership

credit: Shutterstock
credit: Shutterstock

Finastra has announced a partnership with Taiwanese company SYSTEX to strengthen its position in the country and offer its suite of digital payment infrastructure services. 

The two parties will combine Finastra’s trading system with SYSTEX’s local knowledge of the market and technology services to enable Taiwan banks to digitally transform and grow their businesses. 

Richard Zhu, Managing Director, Treasury & Capital Markets, APAC, Finastra, said: “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.

“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.”

Finastra’s Kondor service will be made available to financial institutions to trade high volumes of treasury while offering the flexibility to support more complex derivatives, options, and structured trades. 

The service can easily integrate with existing systems and applications, enabling simplification, lowering costs and creating a single source of truth, while ensuring that the organisation remains compliant.

Finastra Risk will also be offered to support entities with an automated, end-to-end solution that allows banks to manage risk, margin monitoring, balance sheet optimization and regulatory reporting. 

With an 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.

Reese Chang, Vice President of SYSTEX, added: “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.”