Finastra brings trading platform and risk solution to Taiwanese banks via SYSTEX

Rick Steves

“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 has appointed SYSTEX as a solution partner in Taiwan as part of the fintech’s expansion plans across the Asia Pacific region.

This collaboration allows SYSTEX to offer Finastra’s Kondor and Risk solutions, merging Finastra’s advanced trading system with SYSTEX’s extensive expertise and technology services.

Finastra’s Kondor platform is designed for financial institutions to manage large volumes of treasury trades and supports complex derivatives, options, and structured trades. It integrates smoothly with existing systems, reducing costs and simplifying processes while ensuring compliance.

The Finastra Risk solution offers an automated, comprehensive risk management system. It provides banks with tools for risk management, margin monitoring, balance sheet optimization, and regulatory compliance. Featuring an intuitive dashboard and seamless integration, it enhances performance, scalability, and decision-making accuracy.

The partnership with SYSTEX aims to assist Taiwanese banks in their digital transformation and business expansion efforts.

End-to-end offering for banks in Taiwan

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.”

Reese Chang, Vice President of SYSTEX Co., Ltd. said: “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.”

Banking-as-a-Service (BaaS) gaining momentum in APAC

Banking-as-a-Service (BaaS) is gaining momentum in APAC, with a significant number of banks and financial institutions recognizing the need to enhance their digital capabilities.

The company’s report indicates that the appetite for BaaS services in APAC exceeds that of other regions, with a high percentage of senior executives already implementing or planning to implement BaaS solutions. This trend is expected to drive substantial investment in financial products and service partnerships across APAC​​.

Finastra’s research highlights the pivotal role of fintech partnerships in APAC banks’ strategies, with a majority planning to connect with an average of four fintechs in the near future. These partnerships are aimed at reducing operational costs, deploying new technology with greater ease, and leveraging technology expertise not available in-house. APAC institutions are investing significantly in digital transformation, although their investment levels are currently below the global average​​.

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