Risk Advisory Platform app delivers cloud-based risk advisory automation solution for banks
Frankfurt, Germany, July 16, 2021: emformX, a cloud platform for end-to-end connectivity and immediate digital client coverage, today announced that its Risk Advisory Platform application is available for purchase through Finastra’s FusionStore. The treasury and capital markets application will enable banks to benefit from risk advisory automation which leads to a significant increase in sales productivity and reduced client churn.
Going live on FusionStore marks the final stage of the app development journey for firms using Finastra’s open development cloud platform, FusionFabric.cloud. The FusionStore marketplace enables Finastra’s customers worldwide to access, test, purchase and deploy certified apps on top of Finastra core systems, helping them quickly realize the benefits and deliver added value to their customers.
Built on Finastra’s industry-leading core technologies and harnessing an extensive catalog of open APIs, emformX has developed a solution that delivers efficient and tailored risk advisory services via the cloud. It manages clients’ multi-bank instrument portfolios and provides insight into upselling opportunities. The banker receives actionable information before competitors, and is able to deliver tailored product ideas faster, and at a fraction of the previous cost. As a result, banker and client interact over a shared service environment, with the app connecting seamlessly to Finastra’s Fusion Summit core trading solution.
Margo Karp, CEO at emformX, said, “Using FusionFabric.cloud and being a part of FusionStore’s ecosystem allows emformX to extend its visibility and reach within its target market. Banks serving corporate clients in need of tailored product advisory and hedging capabilities will benefit from our cloud-based risk advisory automation solution.”
Philip Taliaferro, Head of Partner and Fintech Ecosystem at Finastra, commented, “We’re excited that emformX has joined our FusionFabric.cloud ecosystem, with the launch of its Risk Advisory Platform app in our FusionStore. This milestone will enable our customers around the world to access innovative apps like Risk Advisory Platform quickly and cost efficiently, to extend their offerings and provide a better customer experience. As our fintech community continues to grow we are pleased to welcome emformX on board.”
Using Finastra’s open APIs, developers can create solutions that address business challenges across the financial services spectrum, including retail banking, payments, transaction banking, corporate banking, lending, treasury and capital markets. Visit FusionStore for more information: https://store.fusionfabric.cloud
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emformX is a Frankfurt based technology company providing cloud solutions for corporate banks. Founded by industry experts in 2018 it focusses on data driven upsell of interest rate and foreign exchange hedging solutions. It’s treasury and capital markets applications enable banks to benefit from automated risk advisory services which will lead to significant increase in sales productivity and a reduction in client churn. Find out more at emformX.com
Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at finastra.com
FusionFabric.cloud is a scalable, open and collaborative development platform built by Finastra. The secure and proven cloud platform encourages innovation, opening up the company’s core systems through APIs so that third parties can develop applications on top. Fintechs can quickly build and promote apps worldwide. Financial institutions can access or create new services, which their customers are demanding, faster. Visit fusionfabric.cloud