Team developing on computers

Quarterly product update

As we move towards the festive season, I am delighted to share some treats from our FusionStore, with exciting news about how we are digitizing the way banks purchase fintech solutions, and the expansion of our services through additional functionality.

It’s been a productive few months on the FusionStore, with continuing development of our digital shop, enabling banks to consume the latest fintech solutions.

As we work closely with customers to understand their needs and challenges, we are making it easier for banks to access some of the hundreds of apps we offer through our marketplace.

An early adopter is the LIBOR app, which has become our first fully digital product that can be trialed, purchased and connected through the FusionStore marketplace. This app, chosen for its relevance to customers and easy connection, showcases the end-to-end flow of our changing marketplace.

You can download the app - which gives you everything you need to calculate the latest LIBOR rates - try it out and then purchase, all online and all without needing any additional installation into existing systems.

Additional functionality to our online sales includes features such as track requests, recommendations and bookmarks. You can also use our live chat to speak to our experts about any questions you may have.

For the financial services industry, being able to trial and then purchase innovative software apps online is a gamechanger.

Reaction to the new automation has been very positive and we will continue expanding the range of apps available, to provide our customers with easy purchase options for the most relevant, efficient and innovative tech, starting with a range of mortgage apps that facilitate flood reporting, compliance and certificates, which will be available later this month.

More useful functionality

Another exciting development on the FusionStore is the introduction of personas that enable us to tailor the app purchase journey to distinct functions within banks and organizations, such as business owner, business analysts, legal, IT and security.

For example, a business owner will be able to find out more about the pain points that the app will help to mitigate, through content such as brochures, factsheets and videos, that will be tailored to the types of queries they have.

IT and security staff will be able to delve deeper into relevant information about the API used by the app, its data center location, and its ability to deliver on-prem solutions etc; while business analysts can use the trial version of the app to examine detailed documentation.

For legal teams, key functions such as ensuring that only relevant signatories can sign contracts, and that Terms and Conditions are applicable to their bank/financial institution, will be easily accessed.

By adapting functions and permissions within the bank procurement process to be more role-specific, we can ensure the most efficient flow of actions for decision making, negotiation and deployment of our marketplace apps.

To find out more, you can reach the team at DL-FusionStoreTeam@finastra.com, through your account manager, or via our Contact Us page.

As the Head of Product Management for FusionFabric.cloud, Gregory is responsible for defining the vision, strategy and roadmap of Finastra’s open innovation platform. Gregory joined the platform team in 2019 as a development lead, to accelerate the development of Open APIs across all lines of business within Finastra. Prior to joining the Platform team, Gregory has held multiple roles throughout his 16 years at Finastra, including leading development for the commodities trading systems, joining the Fusion Invest team as a Senior Product Manager, and overseeing the delivery centers for the Global Services organization. Gregory holds a PhD. in Mathematics and web ranking algorithmics.

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