Finastra
Founded Year
2017Stage
Line of Credit | AliveTotal Raised
$5.3BLast Raised
$500M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-13 points in the past 30 days
About Finastra
Finastra provides a range of financial services, treasury, lending, and banking software solutions. The company offers a wide range of services including lending and corporate banking, payments, treasury and capital markets, universal banking, and investment management. It primarily serves the financial technology industry. It was founded in 2017 and is based in London, United Kingdom.
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ESPs containing Finastra
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The real-time payments (RTP) processing market provides infrastructure and technologies to facilitate instant and seamless electronic payments. This market offers solutions that enable the immediate transfer of funds between financial institutions or individuals, allowing for real-time settlement of transactions. Businesses can benefit from enhanced speed, efficiency, and convenience in their paym…
Finastra named as Challenger among 15 other companies, including Mastercard, Visa, and Temenos.
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Research containing Finastra
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Finastra in 5 CB Insights research briefs, most recently on Aug 23, 2024.
Aug 23, 2024
The B2B payments tech market mapMay 8, 2024
The embedded banking & payments market mapMar 14, 2024
The retail banking fraud & compliance market mapJan 4, 2024
The core banking automation market mapOct 26, 2023
The CFO tech stack market mapExpert Collections containing Finastra
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Finastra is included in 3 Expert Collections, including Digital Lending.
Digital Lending
2,271 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Fintech
13,398 items
Excludes US-based companies
Digital Banking
871 items
Latest Finastra News
Sep 20, 2024
By Gloria Methri Share Kantox, a Barecelona-based Currency Management Automation software provider, has partnered with Finastra to offer its clients a trade confirmation matching service. This integration helps ensure that trades triggered by Kantox’s platform are identical to those executed by the banks, eliminating manual errors and potentially improving security. The Kantox solution automates the end-to-end FX workflow from pre-trade to post-trade. Through this collaboration, once Kantox initiates trades, details are sent to Finastra’s Confirmation Matching Service (CMS), where they are automatically matched with the banks’ confirmations of those trades. Kantox and Finastra’s integration via API (Application Programming Interfaces) helps users with trade accuracy and eliminates the risk of discrepancies between trades requested by clients and those executed by banks. Any mismatch is automatically identified and flagged for immediate attention. This reduces errors, streamlines reconciliation, and potentially improves security, especially for exotic currencies prone to manual typos. “We are excited about the partnership with Finastra. By integrating the Kantox and Finastra solutions, our clients benefit from the market-leading trade confirmation matching service. With this integration, Kantox is further strengthening the automation of the post-trade workflow for treasurers,” said Michael Schimmel, Chief Commercial Officer at Kantox. Hach Hashasian, General Manager of CMS at Finastra, said, “As the leading post-trade matching service, Finastra is pleased to partner with Kantox to help increase automation and digitalisation in the front-to-back-office workflow. Integrating in this way aligns with our API-first technology strategy, and in accessing Finastra’s Confirmation Matching Service (CMS), Kantox customer benefits include increased STP (Straight Through Processing) and a potential reduction in post-trade operational risk.” Finastra CMS is a confirmation matching solution for Foreign Exchange, Money Market, FX Options, Exotic Options, Commodities/Metals, Call/Notice Loan/Deposit transactions, and has over 1400 clients worldwide. It is a multi-bank, multi-asset class solution providing a single window for post-trade confirmation requirements. Previous Article
Finastra Frequently Asked Questions (FAQ)
When was Finastra founded?
Finastra was founded in 2017.
Where is Finastra's headquarters?
Finastra's headquarters is located at 4 Kingdom Street, London.
What is Finastra's latest funding round?
Finastra's latest funding round is Line of Credit.
How much did Finastra raise?
Finastra raised a total of $5.3B.
Who are the investors of Finastra?
Investors of Finastra include Carlyle, HPS Investment Partners, Ares Management, KKR, Oaktree Capital Management and 5 more.
Who are Finastra's competitors?
Competitors of Finastra include Nymbus, FintechOS, CubeLogic, Volante, Arteria AI and 7 more.
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Compare Finastra to Competitors
Nymbus operates in the financial services industry, providing alternatives to traditional banking business models. The company offers products and solutions designed to enable financial institutions of all sizes to grow and serve their customers without the need for core conversion. Nymbus primarily caters to banks and credit unions looking to launch digital banking services, create niche financial brands, or deploy innovative core banking platforms. It was founded in 2015 and is based in Jacksonville, Florida.
Mambu is a software-as-a-service (SaaS) company focused on providing a cloud banking platform within the financial services industry. The company offers a composable banking infrastructure that enables clients to create and manage lending and deposit services, as well as integrate with various application programming interfaces (APIs) for a customizable financial experience. Mambu primarily serves sectors such as banks, credit unions, and retailers looking to offer digital financial products. It was founded in 2011 and is based in Amsterdam, Netherlands.
Business Alliance Financial Services (BAFS) specializes in providing commercial lending software and services to financial institutions. Their main offerings include a cloud-based lending platform known as BLAST, along with a suite of services that support client onboarding, credit administration, and regulatory compliance. They also offer financial statement analysis, credit risk rating systems, and data analytics solutions to enhance the commercial lending process. It was founded in 2009 and is based in Monroe, Louisiana.
BackBase is a company that focuses on providing an Engagement Banking Platform in the financial technology sector. The company offers a platform that enables banks to modernize their customer journeys and business operations, by gradually replacing or decomposing legacy systems and constructing a modern customer engagement orchestration architecture. The platform is primarily sold to the banking industry. It was founded in 2003 and is based in Amsterdam, Netherlands.
Abrigo focuses on providing software solutions in the financial sector. The company offers a range of products that help in lending, financial crime detection, risk management, and analytics. These products are designed to assist in various aspects such as commercial lending, consumer lending, anti-money laundering, fraud detection, and portfolio risk management. Abrigo was formerly known as Sageworks. It was founded in 2000 and is based in Austin, Texas.
Volante Technologies specializes in cloud-native payments processing and financial messaging solutions within the financial technology sector. The company offers a suite of services including real-time payments processing, payments as a service, and tools for ISO 20022 migration, aimed at modernizing and streamlining financial transactions for institutions. Volante's low-code platform facilitates rapid development and integration of financial services, enabling businesses to adapt and innovate quickly. It was founded in 2001 and is based in Jersey City, New Jersey.
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