Finastra & OpenFin unite to boost Kondor's treasury banking system
Financial software provider Finastra has announced a significant partnership with workspace technology company OpenFin. The partnership aims to enhance the user experience of Finastra's prominent bank treasury management system, Kondor. Utilising OpenFin's advanced technology capabilities, Finastra's efforts will concentrate on augmenting Kondor's visual interface with optimised workspaces and workflows to streamline bank decision-making processes.
The joint venture forms a significant part of a wider evolution of the Kondor system. This evolution incorporates microservices, integrated AI and synergistic partner ecosystems to manufacture intuitive, persona-based experiences. These experiences will be readily available through Treasury as a Service (TaaS) and efficient cloud capabilities.
Herve Carrere, Chief Product and Technology Officer, Treasury and Capital Markets at Finastra, expressed his views on the partnership: "Enriching Kondor with OpenFin's software reflects our ongoing commitment to placing our customers at the centre of the solution experience." He outlined the benefits of this collaboration in providing banks with effective tools to streamline their transformation, futureproof their businesses, and optimise their entire treasury operations, "from full back-office processing through to real-time coverage of credit, market and liquidity risk in the front office."
Noteworthy enhancements include access to Kondor via web browsers such as Google Chrome and Microsoft Edge or as a lightweight desktop app powered by OpenFin's Workspace "Anywhere" technology. Users can now curate personalised experiences via the micro-UI workspace or streamline applications via unified dashboards. The overall result is a more seamless, intuitively aligned, and value-added treasury management experience wherever banks choose to operate.
Adam Toms, Chief Operating Officer at OpenFin, commented, "Together, we are setting a new standard for what financial institutions can expect in terms of performance and user experience." This collaboration enhances Kondor's already impressive capabilities, making it even more powerful in the complex landscape of treasury trading.
Finastra's Kondor offering is a sophisticated treasury trading system addressing financial institutions' requirements for advanced treasury functionality. Renowned for supporting complex trading, risk management, and operations, the solution is vital for numerous financial institutions. They rely on Kondor to help them navigate the intricate global market landscape with precision and agility.
OpenFin's Chromium-based workspace technology is widely adopted within the financial industry and used by over 3,800 banks and buy-side firms. Its robust foundation is specifically designed to meet the stringent standards and dynamic needs of financial services, making it an ideal platform for Kondor.
The partnership between Finastra and OpenFin marks a significant advancement in the realm of financial software solutions, particularly for treasury management systems. By leveraging OpenFin's advanced technology capabilities, Finastra aims to enhance the user experience of its Kondor system, offering banks streamlined workflows and optimised decision-making processes. With a focus on intuitive design and enhanced functionality, this collaboration sets a new standard for performance and user experience in the complex landscape of treasury trading, ultimately empowering financial institutions to navigate global markets with precision and agility.
