Finastra Overview
Finastra was formed in 2017 by the combination of Misys and D+H. The company provides a broad portfolio of financial services software, spanning retail banking, transaction banking, lending, and treasury and capital markets. The company's solutions enable customers to deploy mission-critical technology on-premises or in the cloud. 48 of the world's top 50 banks use Finastra technology. Finastra Israel Technology is the former D+H center. Today it continues developing solutions for electronic payment processing, financial communications, and cash management for financial entities. The center also serves as the sales and support office.
Latest News
growth-negative
Fintech giant Finastra laying off dozens of employees in Israel | CTech
Fintech giant Finastra is laying off dozens of employees in Israel, impacting its growth negatively. Finastra is one of the largest fintech companies globally, employing over 11,000 people worldwide. The layoffs are taking place at Finastras R&D center in Kfar Saba, which is responsible for developing its Global PAYplus system. This system is used by over 300 financial institutions and processes $23 trillion worth of transactions daily. Finastras products are utilized by 8,600 institutions worldwide, including 90 of the top 100 banks. The company did not provide a comment regarding the layoffs.
Layoffs
growth-positive
Finastra appoints Oren Marmur as Israel General Manager, Payments
Finastra has appointed Oren Marmur as General Manager, Payments, based in Israel. Marmur will lead the Israel office and the Payments Growth business, focusing on supporting customers digital transformation journeys. Finastra aims to become the number one open platform for innovation in financial services. Marmurs experience in modernization, digitalization, and cloudification from the telecoms sector will contribute to Finastras strategy. The company provides financial services software and is used by 48 of the top 50 banks.
Management Changes
growth-positive
Finastra Israel helping drive cashless payments revolution
The Covid-19 pandemic has accelerated the adoption of cashless payments, benefiting companies like Finastra. Finastra is a financial enterprise software conglomerate that provides legacy financial technology to banks and financial institutions worldwide. Their payments business unit processes $24 trillion every day and serves 300 customers globally. Finastras open development platform, FusionFabric.cloud, allows financial institutions and fintech companies to develop applications on top of their solutions. The pandemic has led to a 30% increase in cashless payments in the retail industry, with 72% of all payment transactions in 2020 being cashless. Banks are now embracing digitization and accelerating their adoption of technological changes in response to the crisis.
CustomersExpand
growth-positive
Fintech company Finastra-Israel brings Druze female programmers to the forefront
British fintech company Finastra is working to increase diversity in its workforce by partnering with Lotus, a non-profit platform that trains religious Druze and Islamic women to become programmers. Finastras Israel branch has incorporated people from across a diverse spectrum, including Jewish ultra-Orthodox women and LGBTQ+ employees. Most recently, seven religious Druze female programmers from the small community of Daliyat el-Karmel in northern Israel joined the Finastra-Israel team. Lotus provides these women with a safe joint workspace to work remotely from their small town, using their software programming skills to manage large payments.
PartnersExpand
growth-positive
Finastra Strengthens Its Position in Israel With New Office Opening
Finastra is investing further in Israel with a new office in Kfar Saba, just outside Tel Aviv. The office, which is home to over 330 employees, offers more space for the Finastra team to grow as the company strengthens its position in the country, and provides an ultra-modern workspace to inspire creativity and facilitate collaboration. The move will help the company support technological and financial innovation in the region, and drive adoption of its open development platform, FusionFabric.cloud.
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Team Members
4
Employees: 201-500
Web & Social Links
| Website | www.finastra.com |
Locations
Atir Yeda Street 3, Kefar Sava, Israel
London, UK
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