Finastra integrates with ADVANTAQ for client onboarding in the Caribbean
“Partnerships are critical for Finastra’s growth in the Caribbean, and we are thrilled to work together with ADVANTAQ to expand our collective reach in the region.”
Finastra has announced the direct integration of Finastra Opics with Caribbean-specialized compliance solutions provider ADVANTAQ.
Opics is Finastra’s solution for managing core treasury and back-office processes utilizing straight-through processing (STP) and covering all aspects of a bank’s treasury operations, from deal inception through to settlement and accounting.
Single vendor KYC and AML management
ADVANTAQ’s compliance solutions are now directly integrated with Finastra Opics, offering Caribbean-based banks the ability to onboard their customers in one portal, creating a seamless customer experience. ADVANTAQ’s cloud-based solution can be implemented quickly and efficiently, reducing overall time to market.
Banks using Finastra’s Opics are now able to onboard customers in one portal and utilize a single vendor for Know Your Customer (KYC) and Anti-Money Laundering (AML) management, enabling increased operational efficiencies and eliminating the need for multiple vendor relationships.
Bruce Bowen, CEO of ADVANTAQ, commented: “To support our growth, Finastra is the ideal partner to help us reach new customers by providing a new route to market. Our secure, automated compliance solutions are an ideal match for Finastra Opics clients, and we look forward to helping more banks across the Caribbean achieve increased efficiencies so they can focus more closely on the needs of their customers.”
Chandrasekhar Chingacham, Head of Product for Opics, Treasury & Capital Markets at Finastra, said: “Partnerships are critical for Finastra’s growth in the Caribbean, and we are thrilled to work together with ADVANTAQ to expand our collective reach in the region. As banks work to ensure their compliance procedures are both efficient and centralized, this new partnership gives back-office teams the tools they need to simplify client onboarding and manage processes effectively. With its unique industry expertise and state-of-the-art technology, we know that ADVANTAQ is the right partner to help support our Opics customers in the Caribbean as they work to achieve their goals.”