The two most recent companies in the Asia Pacific (APAC) area to team up with Finastra to use the treasury solution offered by the retail banking solutions provider, Kondor, are Regtech UNITAS, based in South Korea, and SYSTEX, the IT services company, based in Taiwan.

South Korea's digital transformation

Financial institutions can trade large amounts of Treasury securities with Finastra Kondor, which also gives them the ability to handle more intricate derivatives, options, and structured deals. The solution is simple to integrate with current apps and systems, allowing for cost savings, simplification, and the creation of a single source of truth while maintaining compliance for the company.

Leveraging Kondor technology, UNITAS aims to empower additional banks in the nation to digitally change and expand their operations by merging Finastra's offering with its local knowledge.

Richard Zhu, managing director, treasury and capital markets, APAC, Finastra, said, "We are excited to combine our experience with UNITAS – a leading name in South Korea's financial risk and compliance market— after many years of helping banks in South Korea to digitally transform their treasury operations." Working with UNITAS will allow us to provide Korean financial institutions with an even more complete offering and support the expansion of their operations thanks to its experience and market reach.

"We can offer Finastra's best-of-breed trading system to our existing and new clients, as well as opening up a new revenue stream, thanks to our shared client profile," stated Dooho Lee, director of UNITAS. "This partnership presents clear synergies." "We are excited to collaborate with Finastra to support additional banks in modernizing their treasury operations."

All-inclusive treasury solutions for banks in Taiwan

Finastra's Kondor and Risk solutions will be resold by SYSTEX in Taiwan, resulting in an offering that combines Finastra's trading system with SYSTEX's extensive technological services capabilities and local knowledge. Through the collaboration, more Taiwanese banks would be able to expand and undergo digital transformation.

Finastra Risk is an end-to-end, completely automated solution that helps banks monitor and manage risk. Together with regulatory reporting and balance sheet optimization, this is also. Risk offers a comprehensive risk management solution with a single dashboard, smooth integration with current architecture, and improved performance, scalability, and visibility for prompt and accurate decision-making.

"We are happy to collaborate with SYSTEX, a market leader in integrated business solutions and technology services, to support banks' trading operations in Taiwan," Zhu stated. Together, we hope to provide Taiwanese banks with a full end-to-end solution. This will therefore support banks' commercial expansion and digital transformation in this significant market.

"This partnership will provide innovative and comprehensive financial information technology services and solutions," stated Reese Chang, vice president of SYSTEX Co., Ltd. Capabilities for vertical integration are necessary for fintech upgrades and transformation. As a result, we are breaking new ground in the financial services industry with this relationship.