Neoflex launches NeoLimits app on Finastra’s FusionFabric.cloud

App delivers a cloud-based solution that enables flexible limits control for Asset Liability Management, Regulatory and Internal Compliance metrics

Russia, Moscow, December 13th, 2021: Neoflex, a fintech that creates IT platforms for digital business transformation, today announced that its NeoLimits application is available for purchase through Finastra’s FusionStore. The application enables financial institutions to set and control banking book limits including Interest Rate Risk in the Banking Book (IRRBB), counterparty, country and industry limits, as well as limits for various indicators such as Liquidity Coverage Ratio (LCR), Net Interest Income (NII) and Economic Value (EVE).

Going live on FusionStore marks the final stage of the app development journey for firms using Finastra’s open development cloud platform, FusionFabric.cloud. The FusionStore marketplace enables Finastra’s customers worldwide to access, test, purchase and deploy certified apps on top of Finastra core systems, helping them quickly realize the benefits and deliver added value to their customers.

Built on Finastra’s industry-leading core technologies and harnessing an extensive catalog of open APIs, NeoLimits is a cloud-based solution that helps financial institutions collect and analyze internal and regulatory risk metrics. The app, which is pre-integrated with Finastra solutions and easily integrated with 3rd parties via open APIs, offers a fully automated limit control process from data import to report generation, as well as limit events notification, prospective modelling and four eyes approval workflow.

Anton Lazebnyy, Associated Partner, Head of Capital Markets and Risk Management Technology practice at Neoflex, commented, "Recent crises including the COVID-19 pandemic have increased compliance demands on banks and financial institutions. The number of metrics they need to monitor and analyze has expanded tremendously. Our application helps banks to monitor processes and achieve a holistic view of banking book limit management. Being part of the FusionFabric.cloud platform enables us to reach a greater number of financial institutions with our NeoLimits app, empowering them to evaluate risks associated with the banking book instantaneously, execute cross-risk mitigation strategies, and dynamically adjust limits.”

Philip Taliaferro, Head of Partner and Fintech Ecosystem at Finastra, said, “We’re excited that Neoflex has joined our FusionFabric.cloud ecosystem, with the launch of its NeoLimits app in our FusionStore. This powerful solution will give bank management teams greater control of the compliance process and can help to greatly reduce the risk of regulatory penalties.”

Using Finastra’s open APIs, developers can create solutions that address business challenges across the financial services spectrum, including retail banking, payments, transaction banking, corporate banking, lending, treasury and capital markets.

Visit FusionStore for more information: https://store.fusionfabric.cloud/

 

For further information please contact:

MADINA DUDAROVA
External Communications Manager, Neoflex
T +7 (495) 984-25-13
E: mdudarova@neoflex.ru
neoflex.ru

CAROLINE DUFF
Global Head of PR
T: +44 (0)7917 613586
E: caroline.duff@finastra.com
finastra.com

About Neoflex

Neoflex creates IT platforms for digital business transformation, helping its customers obtain stable and competitive advantages in the digital era. We focus on custom software development using advanced technologies and approaches. Our industry-specific experience and technological expertise, strengthened by our own development accelerators, allow us to solve business tasks of any complexity. Our customers include companies in more than 21 countries in Europe, Asia and Africa. We are trusted by: ING, Raiffeisenbank, UniCredit Bank, HSBC, Alfa-Bank, VTB, Banca Intesa, IKANO Bank, People's Bank of Uzbekistan, Otkritie Bank, United Credit Bureau, Rosbank, Renaissance Credit Bank, RN Bank, Sberbank, SDM-Bank, Cetelem Bank, Saint Petersburg Bank, URALSIB Bank, Arab Bank, BNP Paribas, BAI, FINCA Impact Finance,  HBL, Lombard Bank, Mediascope, Pancreta Bank, Rand Merchant Bank, SBI and many others. Find out more about Neoflex at www.neoflex.ru

About Finastra

Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at finastra.com.

About FusionFabric.cloud

FusionFabric.cloud is a scalable, open and collaborative development platform built by Finastra. The secure and proven cloud platform encourages innovation, opening up the company’s core systems through APIs so that third parties can develop applications on top. Fintechs can quickly build and promote apps worldwide. Financial institutions can access or create new services, which their customers are demanding, faster. Visit fusionfabric.cloud

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