Search Results for "Astra"
21 results for "Astra"
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Finastra Launches Modern ACH Solution in Unified Payment Hub for Banks
Finastra launched a modern ACH solution integrated into its unified payment hub, helping banks future-proof their alternative payment capabilities. The product modernizes ACH processing infrastructure for banking clients. This strengthens Finastra's position in bank payment technology.
Quantix Secures $500M Citi Securitization for Embedded Lending Platform
Quantix, a subsidiary of Astra Tech, secured $500M in asset-backed securitization from Citi — the largest UAE fintech deal. The funds will scale its CashNow embedded lending platform for gig workers and SMEs. The deal highlights embedded finance via API integrations into non-financial apps.
BKN301 Group Partners with Finastra for BaaS and Payment White-Label Solutions
BKN301 Group partnered with Finastra to deliver BaaS and payment white-label solutions, achieving go-live with Finastra's Essence core banking platform in less than six months. The partnership enables BKN301 to rapidly offer embedded banking and payment services. This highlights the growing demand for turnkey BaaS infrastructure that accelerates time-to-market for financial services.
Finastra Launches Next Gen Mobile Banking App for Community Banks
Finastra announced its Next Gen Mobile Banking app at Ignite! 2024, targeting community banks and credit unions. The app features seamless customization, enhanced security, and a unified codebase for iOS and Android. It aligns with embedded finance trends by enabling banks to deliver modern digital experiences. Broader availability is planned for mid-2024 across all Finastra Phoenix consumer banking customers.
Treasury Prime Integrates with Astra for Real-Time Embedded Payments
Treasury Prime announced an integration with Astra to enable real-time payments for embedded banking customers. The partnership supports instant account funding and push-to-card disbursements. This provides faster alternatives to traditional ACH transfers for fintechs and platforms using Treasury Prime's BaaS infrastructure.
PayBy Obtains Mastercard Principal Membership to Offer BIN Sponsorship Services
Astra Tech's PayBy secured a Mastercard principal membership license enabling it to issue prepaid and debit cards and act as an acquirer in the UAE. The deal allows PayBy to provide BIN sponsorship services to third-party fintechs for issuing prepaid cards via Mastercard's network. This expands embedded financial services to over 100 million BOTIM users.
Finastra and Microsoft Deliver Embedded Lending for SMEs via Dynamics 365
Finastra and Microsoft announced a collaboration to deliver embedded lending options to SMEs within Microsoft Dynamics 365. The solution uses open APIs and leverages business data to speed up financing decisions. An initial North America launch was planned for summer 2022.
Finastra Reports 70% of Financial Distributors Increasing BaaS Spending
Finastra published its BaaS Outlook 2022 report revealing that 70% of financial services distributors planned to increase spending on financial partnerships including BaaS. Additionally, 50% of enablers sought to expand their partnership numbers. The report underscored the accelerating demand for banking-as-a-service across the financial ecosystem.
Astra Launches Card-to-Card Instant Payment API with Cross River Bank
Astra launched the first point-to-point debit transfer API, enabling fintechs to embed instant card-to-card payments into their applications. The product is powered by Cross River Bank's infrastructure and leverages Visa debit card rails. This removes the need for additional bank account setup for instant funding.
Finastra Showcases Open Banking Platform at DIFC Innovation Month
Finastra showcased its FusionFabric.cloud open banking platform during DIFC Innovation Month in Dubai. The event on June 16 highlighted API-driven tools for retail banking and payments aimed at empowering fintechs. The showcase underscores growing open banking and embedded finance momentum in the MENA region.
TONIK Launches Digital Bank in Philippines Powered by Finastra
TONIK, the first pure-play licensed digital bank in Southeast Asia, launched its core banking capabilities powered by Finastra's technology to serve the Philippines' 70% unbanked population. The partnership aims to attract over a million customers within five years. This represents a significant embedded finance initiative for financial inclusion in APAC.
Educational Systems FCU Goes Live on Finastra Fusion Digital Banking
Educational Systems Federal Credit Union went live on Finastra's Fusion Digital Banking platform on July 15, 2020. The deployment provides open banking integration and core-agnostic digital banking services during a core system migration, showcasing Finastra's embedded open banking capabilities.
Finastra Launches Fusion Phoenix Core Banking Platform in the Cloud
Finastra launched its Fusion Phoenix core banking platform in the cloud via Microsoft Azure. Commerce National Bank & Trust and Commencement Bank were the first U.S. customers. The move enables community banks to access scalable, cloud-native core banking infrastructure, aligning with BaaS and embedded finance trends.
United Arab Bank Selects Finastra to Power Digital Transformation
United Arab Bank chose Finastra's Fusion suite—including Corporate Channels, Cash Management, and core banking upgrades—to embed enhanced digital retail and corporate services. The deal unifies trade, finance, cash, and treasury under a single portal for improved customer experience.
Finastra Opens FusionFabric.cloud Platform for Bank-Fintech Collaboration
Finastra announced updates to its FusionFabric.cloud open platform enabling banks, fintechs, and SMEs to collaborate via open APIs across retail banking, lending, and payments. The platform includes co-innovation with nbkc bank on a conversational banking app. This positions Finastra as an open infrastructure layer for embedded finance use cases.
NatWest First Bank Live on Finastra Blockchain Syndicated Lending Platform
NatWest became the first bank to launch on Finastra's Fusion LenderComm, a blockchain-based platform built on R3's Corda for syndicated lending. The integration enables real-time position reporting and improved transparency for loan agents and investors. The platform went fully live in November 2018.
Finastra Launches Cloud-Based Core Banking Solution for UK Challengers
Finastra launched Fusion Essence, a cloud-based core and digital retail banking solution on Microsoft Azure, targeting UK challenger banks. The platform supports payments, lending, deposits, and regulatory reporting. It enables fast market entry and third-party integrations, serving as infrastructure for new banking entrants.
Unity Bank Selects Finastra Total Lending Solution in US
Unity Bank, a US community bank, selected Finastra's Total Lending solution for commercial, consumer, and agricultural lending. The platform integrates with Unity Bank's existing Fiserv core banking system. The deal aims to streamline lending processes across multiple loan categories.
Finastra Launches Fusion Teller Browser-Based Banking Platform
Finastra released Fusion Teller, a browser-based banking platform with packaged common services and pre-integration for Finastra's core banking systems. The platform modernized teller operations by moving to a web-based interface. It was designed to reduce integration complexity for banks adopting Finastra's infrastructure.
Finastra Acquires Olfa Soft SA to Bolster eFX Trading for Banks
Finastra acquired Olfa Soft SA to provide banks with an end-to-end electronic FX trading platform. The acquisition enhances Finastra's treasury and capital markets offering with digital FX capabilities. This strengthens Finastra's position as a banking technology provider enabling digitized financial services.