Finastra successfully migrates Fusion Phoenix core clients to Microsoft Azure
Milestone brings the benefits of cloud delivery to all Fusion Phoenix bank and credit union customers
LAKE MARY, Fla., March 9, 2021 /PRNewswire/ Finastra today announced it has successfully migrated its Fusion Phoenix core banking system customers to Microsoft Azure. With 62 community banks and credit unions migrated in the past year, this significant milestone means that all Fusion Phoenix bank and credit union customers that have opted for cloud delivery are running in Azure.
In February 2020, Finastra announced its plan to bring Fusion Phoenix to the cloud with two early adopters, Commerce National Bank & Trust and Commencement Bank, accessing the platform through Azure. Today, 100% of its existing core customers opting for cloud delivery have been migrated to Azure. Banks and credit unions can now consume - rather than own and run - core applications, freeing up IT resources to focus on competiti
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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