Finastra, the company recently formed through the merger of fintech providers Misys and D+H, has selected IBM Cloud and Cognitive technologies to foster innovations.
Finastra plans to use FusionBanking Essence core and digital solution on IBM Cloud and will also partner on developing a financial crime and blockchain-based proposition.
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The two parties will also team up on building retail banking proof of concepts and product demos.
At the same time, the two companies will also exchange thought leadership, developer and architecture resources related to IBM Cloud, Watson and Blockchain technologies.
Finastra CEO Nadeem Syed said: “Our open architecture and open approach enables us to embrace a wide ecosystem of partners, and as we enter a new era of banking where collaboration is a must, our relationship with a dominant player like IBM can extend our product offering and enable clients to access enhanced transformation capabilities.”
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By GlobalData
