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Finastra reveals corporate bank priorities for 2025 as digitization and fintech collaboration accelerate
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- New research outlines changing focus - a move away from the traditional relationship builder approach of client interaction and management
- Digital transformation budgets set to increase by a third over the next five years in trade finance and cash management
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LONDON, March 2, 2021 /PRNewswire/ Research from Finastra, unveiled today at its flagship (virtual) industry event – Finastra Universe – shows changing priorities for corporate banks and their customers over the next five years. It reveals that corporate banks are moving away from the traditional relationship builder approach of client interaction and management (where they build wider banking relationships with clients to cross-sell additional services) towards being platform players that offer value-added services and can deliver rea
Finastra reveals corporate bank priorities for 2025 as digitization and fintech collaboration accelerate
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LONDON, Feb. 9, 2021 /PRNewswire/ Finastra today announced the availability of NetGuardians Payment Fraud Prevention app on its FusionFabric.cloud open development platform. The app uses artificial intelligence to proactively detect fraudulent payments in real-time and reduce fraud losses. NetGuardians operational experience shows that compared with traditional anti-fraud offerings the software reduces the number of false positives by up to 83 percent, resulting in bank staff spending an estimated 93 percent less time investigating suspicious payments.
The NetGuardians app, available via FusionFabric.cloud, is pre-integrated with Finastra s corporate payments, cash management and retail banking solutions: Fusion Global PAYplus, Fusion Payments To Go, Fusion Cash Management, Financial Messaging Services and Fusion Essence. A handful of customers have already selected the pre-integrated app to fight payment fraud more effectively. The a