Finastra has given several Asia Pacific (APAC) financial technology firms access to its FusionFabric.cloud platform, including InfoTrie, HedgeSPA and Paretix.
FusionFabric.cloud, underpinned by Microsoft Azure, enables third parties to develop and deploy innovative apps.
InfoTrie, a Singapore-based financial technology company, will use the FusionFabric.cloud architecture to build an application for Fusion Inves, where users will be able to navigate between their portfolio and market sentiment analysis for specific assets.
HedgeSPA is a data partner of InfoTrie, with presence in Hong Kong, Singapore and Silicon Valley. The financial technology firm provides an investment platform that can automate the investment cycle for institutional investors and has begun building front-end user interfaces (UI).
Based in Israel, Paretix, is a financial technology company focusing on emerging markets in APAC and Africa in the alternative credit scoring space.
The firm is building an app to work in conjunction with the Fusion Essence retail banking system.
The University College London is also allowing overseas students, visiting London from China, to develop apps on the FusionFabric.cloud platform in Mandarin.
Zhicheng Long, chief technology officer at InfoTrie, said: “We are thrilled to be working with Finastra. The company’s open philosophy opens doors for us to develop and monetise apps quickly and in a modern technology environment.”
Bernard Lee, founder and CEO at HedgeSPA, commented: “The FusionFabric.cloud environment holds huge potential for us. We are keen to develop Finastra-enabled UIs that can connect to our full functionality API, enabling users to access predictive investment analytics using artificial intelligence, big data, and cloud expertise.”
Ariel Resnik, CEO at Paretix, said: “The tool we are developing will use our artificial intelligence-based algorithm to assess credit risk and enable potential borrowers with limited credit history to access fair loans from financial institutions.”
She added: “The FusionFabric.cloud platform gives us the freedom to develop our app at speed. It also provides us the opportunity to reach Finastra’s retail banking customers, so we can empower them with a sophisticated dashboard that enables credit officers to view and understand the credit decision and the portfolio risk, and easily change their credit policy accordingly to view and explain credit scores to customers.”
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