Finastra Among Cloud Top 500

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Finastra Strengths, Domain Expertise, and Key Differentiators

Finastra unlocks the potential of people and businesses in finance, creating a platform for open innovation. Formed in 2017 by the combination of Misys and D+H, Finastra provides the broadest portfolio of financial services software spanning retail banking, transaction banking, lending, and treasury and capital markets. Their solutions enable customers to deploy mission-critical technology on-premises or in the cloud. Their scale and geographical reach mean that they can serve customers effectively, regardless of their size or geographic location—from global financial institutions to community banks and credit unions. Through their open, secure and reliable solutions, customers are empowered to accelerate growth, optimize cost, mitigate risk and continually evolve to meet the changing needs of their customers.

Finastra Recent Developments

In September 2018, Finastra launched Fusion Essence in the cloud, a fully integrated core and digital solution, localized for the UK Market. Deployed on Azure, Microsoft’s enterprise-ready trusted cloud platform, it is available to all banks, but is particularly suited to ambitious challenger banks, enabling them to come to market with velocity and allowing them to launch personalized offerings first and fast, maintaining a competitive edge.

Fusion Essence in the cloud frees banks from the burden of IT operations with a pay-as-you-go subscription model. Covering all UK core and digital banking requirements, including lending, digitally originated deposits, payments and regulatory reporting, it is fully integrated with third-party providers for credit reference checks as part of AML and KYC processes and regulatory reporting. An accelerated onboarding approach powered by Fusion Essence in the cloud enables banks to launch first and, importantly, to drive fast customer adoption and business growth once live.

In June 2019, Finastra partnered with ceptor, an intelligent automation software company, to offer new reconciliation functionality to its securities market customers. Thanks to an out-of-the-box reconciliation functionality, Finastra’s Fusion Markets customers will be able to automatically reconcile and validate transactions and positions data

Finastra Mergers and Acquisitions (M&A) Activities

In January 2018, Finastra acquired Olfa Soft SA and its cutting edge FX e-trading platform for banks and financial institutions. The move enables Finastra to deliver a unique end-to-end real-time eFX trading solution for banks’ treasury departments, covering distribution, position-keeping, post-trade and payments.

Finastra has collaborated with Olfa Soft since June 2017 and has already seen significant interest from the market. Now, as one combined company, Finastra can ensure even tighter integration of the FusionCapital Treasury solution suite with the Olfa Soft Seamless FX platform.

Treasurers are able to manage FX positions and exposures in real-time with single user experience, providing deeper insight across the entire trade lifecycle and mitigating operational risk end to end. As well as offering direct access to 48 liquidity providers, straight-through-processing (STP) capabilities in the platform mean treasurers can act faster in response to changing market conditions and benefit from a competitive edge where milliseconds count.

Finastra Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Finastra applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Finastra and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Fusion Essence,Fusion Markets customers.

Finastra Overview

Ownership: - Vista Equity Partners

Number of Employees: 10000

Functional Markets: ERP Financial Management, Treasury and Risk Management,

Key Verticals: Banking and Financial Services,

Finastra Key Enterprise and Cloud Applications

Fusion Essence,Fusion Markets

Finastra Revenues, $M:

Type/Year20172018YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Finastra Revenue Breakdown By Type, $M:

TypeLicenseServicesHardwareSupport & MaintenanceSaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

Finastra Revenues By Region, $M

Region% of Total Revenues2018 Total Revenues, $M2018 Enterprise Applications Revenues, $M2018 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Finastra Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Finastra Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Finastra Customers

No. of Finastra Customers: 9000

No. of Finastra Enterprise Applications Customers: 9000

No. of Finastra Cloud Customers: x

No. of Finastra Cloud Subscribers: x

Finastra has over 9,000 customers across 130 countries, including 48 of the top 50 banks globally.

Recent customer wins include: TruMark Financial Credit Union, Central Florida Educators Federal Credit Union, Evansville Teachers Federal Credit Union, Banco de Mexico, Rabobank, Seylan Bank, Ping An Securities, Sky Bank, USAmeriBank, PT Bank Tabungan Pensiunan Nasional Tbk,(BTPN), Oman Arab Bank, PNC, KAMCO, Lloyds Bank, Bank of East Asia, FINCA Impact Finance, Société Générale, The United Bank of Egypt, Unity Bank, National Bank of Egypt, Harmonic Fund Services, Citizens Bank, Mechanics Cooperative Bank, Peoples Trust Company, Vietcombank, Absa and others.

Finastra Market Opportunities, M&A and Geo Expansions

In June 2018, Finastra has acquired Malauzai, a provider of mobile and Internet banking solutions for community financial institutions. The deal reflects Finastra’s commitment to the US retail and business banking sectors by further enabling digital transformation for community banks and credit unions across the country.

The acquisition is built on an already successful and proven partnership between Finastra and Malauzai, which saw the latter’s digital solution integrated into Finastra’s Fusion Phoenix core banking system. Since 2015 the two companies have amassed over 130 joint customers, including Wisconsin-based Horicon Bank, all using the combined capabilities to drive better digital engagement with their customers and members, as mobile and online banking reshapes the consumer journey.

Fusion LenderComm is a platform for the syndicated lending community which is underpinned by Corda, R3’s powerful distributed ledger technology. It reduces the cost and burden of agent-to-lender administration and enables lenders to see accurate information on-demand so they can optimize syndicated loan portfolios. The solution is blockchain-empowered.

Finastra Risks and Challenges

In July 2018, Finastra sold it's Canadian-based Collateral Management Corporation business to Teranet.

Finastra Ecosystem, Partners, Resellers and SI

In April 2018, Finastra is bringing its mortgage lending solutions to the cloud via Microsoft Azure. As part of the strategic alliance between the two companies to use Microsoft’s enterprise-ready, trusted cloud platform as a base for a selection of Finastra’s payments and retail banking technology, Finastra’s Fusion MortgagebotLOS product is now available via the Azure cloud. As of today, US clients that access this service will realize streamlined access to their data improved operational control and increased productivity.

By accessing technology remotely via the cloud, financial institutions benefit from a flexible cost structure in which they can access only the resources required, and where system upgrades are rolled out immediately and automatically. Cloud technology also offers enhancements in availability, disaster recovery, environment/process monitoring, mobility, and collaboration.

Finastra already uses the Azure cloud platform to deliver its payment solutions and more business lines will move to the cloud over the next 12 months. The addition of Fusion MortgagebotLOS to the cloud advances Finastra’s commitment to delivering the broadest portfolio of solutions for financial institutions of all sizes, on-premises or in the cloud.

In June 2017, Finastra IBM has reached an agreement to explore how the two companies can help customers transform their banking operations with IBM Cloud and Cognitive technologies. Finastra and IBM plan to bring IBM technology into the Finastra open architecture to enrich the digital retail banking experience and bring new innovations to the market. As part of the collaboration, Finastra intends to run its FusionBanking Essence core and digital solution on IBM Cloud.

The companies also work towards collaborating on both a Financial Crime and a Blockchain-based offering, and IBM plans to support Finastra as it develops retail banking proof of concepts and product demos, including provisioning multiple Watson APIs to infuse cognitive capabilities into its products. The FusionFabric cloud architecture and open APIs from Finastra make it possible for IBM to incorporate its technology and cognitive capabilities directly into the Finastra banking solution. Also, FusionFabric cloud enables banks, Fintechs, consultants, and students to collaborate in an app ecosystem for financial services.

Finastra Cloud Infrastructure Insights

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  • Finastra Public Cloud and Infrastructure (IaaS)
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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: Us

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