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.
Finastra 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 a 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 Overview
Ownership: - Vista Equity Partners
Employees: 10000
Functional Market: ERP Services and Operations Management, Treasury and Risk Management,
Key Verticals: Banking and Financial Services, Insurance,
Finastra Key Enterprise & Cloud Applications
Misys FinCloud, D+H Cloud
SCORES Analysis
Finastra Strengths
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 provide 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 means 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.
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- Key differentiators
- Domain Expertise
- Product portfolio
- Solution scope
Finastra Revenues, $M:
| Type/Year | 2016 | 2017 | YoY 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:
| Type | License | Services | Hardware | Support & Maintenance | SaaS |
|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Finastra Enterprise Applications Revenues By Functional Markets, $M:
Finastra Enterprise Applications Revenues By Verticals, $M:
Finastra Revenues By Region, $M
| Region | % of Total Revenues | 2017 Total Revenues, $M | 2017 Enterprise Applications Revenues, $M | 2017 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
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Finastra Customers
No. of Customers: Subscribe
No. of Enterprise Applications Customers: Subscribe
No. of Cloud Customers: Subscribe
No. of Cloud Subscribers: Subscribe
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- Reference wins across regions
- Customer Size segments
- Customer wins momentum
Finastra Opportunities
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- Market Opportunities at the vertical and subvertical levels
- Mergers and Acquisitions (M&A), Funding
- Geo Expansions
Finastra Risks
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- Ability to handle internal and external risk and challenges
Finastra Ecosystem
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- Health of ecosystem
- Network Effects of BPO, ISV, SI
- VAR Partners
- Direct vs Indirect sales
Finastra Cloud Infrastructure Insights
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- Cloud Infrastructure (IaaS)
- Cloud Platform (PaaS)
- Cloud Application delivery (SaaS)
- Data Center (Hosting)
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:
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