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Fusion Equation (Factsheet)

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FUSIONBANKING EQUATION Step Ahead to Simplified, Enhanced and Innovative Core Banking with Fusion Advance Fusion Advance enables the easy and rapid upgrade The upgrade was extremely to FusionBanking Equation with minimal disruption. “smooth and considered a This is achieved via an accelerated delivery model, huge success. CIB, Intesa Hungary now has the necessary powered by Finastra Global Services and our partner foundation to become a #1 ecosystem, significantly reducing project risk and your digital player—maybe even dependency on internal IT teams. beyond Hungary.” Tamas Akos Chief Retail Banking Officer, With Fusion Advance you are guaranteed Simplify CIB Bank, Intesa Hungary a predictable upgrade journey in terms In leveraging the enhanced functionality of project time and cost. It delivers the in FusionBanking Equation, your bank fastest route to benefiting from the latest will be able to standardize processes, product capabilities and innovations to remove customizations and workarounds. meet your digital transformation goals. For example, the withdrawal of previous data field restrictions delivers operational Realize the Benefits improvements and the ability to reallocate Through the new and innovative Fusion resources, helping you drive new Advance service, your bank will be able to expansion projects to foster continuous take advantage of many benefits including: business growth. • Improved operational efficiency Upgrading to FusionBanking Equation through increased automation and 4.3 significantly lowers your total cost of less manual intervention to drive ownership by moving off technical support growth and reduce costs and eliminating component costs of your • Enhanced ability to adhere and adapt existing technology stack. Customers who to evolving regulatory compliance have upgraded to FusionBanking Equation requirements with out-of-the box 4.3 have been able to optimize their support for PSD2 and SWIFT operations by archiving obsolete data, • Digitalization enablement to innovate increasing storage and improving system and develop new business opportunities performance to achieve: • 60% reduction in time to configure and integrate new products • 50% efficiency improvement for key processes FINASTRA Factsheet 1 Upgrade to a Better Future Enhance for modern, open and agile digital The overall user experience in channels. We also provide a pre-integrated Simplify FusionBanking Equation 4.3 has been Digital Channel solution that delivers a improved with a modern and intuitive frictionless digital customer experience, interface that improves productivity enabling growth through digital sales. Enhance through easy to use, ergonomic views. With the latest FusionBanking Equation Fast adherence to regulations and release, your bank is positioned to take Innovate standards such as KYC, IFRS9, SWIFT advantage of our pre-integrated in- 2018/19 message changes, PSD2 and memory analytics capabilities. Obtaining Step Ahead to FusionBanking Equation BASEL II/III is vital and by upgrading a true 360-degree real-time view of all with Fusion Advance your bank will position itself to meet business lines enables informed decision- new requirements in a scalable and making. It helps improve customer cost-effective way. Also, by opting to service by enabling the right product to select the pre-integrated compliance be delivered at the right time through the and risk management approach right channel, boosting customer loyalty through FusionRisk, you will be able to and consequently, share of wallet. You will respond quickly to evolving regulations. also gain the capability to create new data The resultant comprehensive top down visualizations on demand. and enterprise-wide view of risk means you can meet short-term regulatory Platform as a Service demands coupled with a sustainable Our Platform as a Service (PaaS), long-term compliance and risk strategy. FusionFabric.cloud has several early adopters now developing and making Innovate available value-add apps for Finastra FusionBanking Equation 4.3 opens up solutions. Fintechs, consultants, banks extensive new possibilities for exciting and academics are using our open and meaningful innovation, to help technology platform to create and deploy you respond to the challenges and innovative apps that will be available to opportunities of digitalization and the you in the Fusion Store portal. Upgrading rise of Fintech. to the latest version of FusionBanking Equation will enable your bank to In FusionBanking Equation 4.3 we have accelerate innovation and meet developed additional workflows and business needs quickly. APIs, enabling the speed of response and efficiency that customers demand 2 FINASTRA Factsheet Prepare for the future with minimal disruption with a predictable, cost optimized and low-risk upgrade that leverages your existing investment and improves $90bn of banking profits globally will be at performance, scalability and stability. risk by 2020 due to digital disruption Source: McKinsey Global Banking Annual Review 2016 The Fusion Advance upgrade process Phased Upgrade Approach achieves this through a resilient project Transforming systems can be a highly methodology that ensures: complicated and stressful experience. That’s why we have developed a three • Quality: our robust upgrade process stage approach to minimize risk and is executed by an experienced team ensure a successful delivery: with the right level of expertise to meet your expectations • Stage 1: Consultation—the Finastra • Speed: it brings fast delivery of the Systems Advisory Group (SAG) upgrade through the use of industry- consultancy service ensures you proven methods and a high level of maximize your investment in our automation to enable you to meet solution. The SAG team has a proven business deadlines track record in identifying areas • Optimization: our consultative where functionality can be optimized, approach to upgrade projects ensures making recommendations for process you extract maximum value from the or functional improvements, and process and benefit from industry best advising alternatives to “perceived” practices developed over many years, system restrictions. The output from across hundreds of implementations all engagements is a report that aims • Lowered dependency: system anomalies to enhance user interaction with our and other project roadblocks are picked solutions. This service is at its most up earlier in the process by the Fusion valuable when optimizing the upgrade Advance upgrade toolkit, ensuring a more process, making sure you benefit from resilient delivery in User Acceptance best practices gained from conducting Testing (‘UAT’) before going live similar projects across our client base. FINASTRA Factsheet 3 Move Forward with Fusion Advance • Stage 2: Execution—through the Fusion The Fusion Advance Advantage The Value of Fusion Advance Upgrade Factory we will deliver With Fusion Advance we ensure you can Described below are some of the tangible a set of tools to help you achieve a ‘like quickly benefit from your investment in benefits experienced by our customers for like’ upgrade to the latest version FusionBanking Equation through open following their upgrade project to with minimal risk. This extends to data innovation, an improved user experience, FusionBanking Equation 4.3: reconciliation, replication of existing our latest regulatory solutions and better interfaces to other systems and global operational support capabilities. Revenue Growth delivery in UAT. Our toolkit also includes Customers were able to increase the Whatever you’re looking to achieve, we test automation capabilities and as number of products offered to their have a delivery model and commercial part of the upgrade process we will clients by up to 20% following the E4.3 proposition to support the evolution of work with you to design, implement upgrade, enabling them to attract new your business model and help you meet and build resilient testing supported clients, and cross-sell to existing clients your management and revenue KPIs. by the openness of the latest release of FusionBanking Equation. Efficiency Improvements We’ve Done this Before FusionBanking Equation 4.3 has enabled • Stage 3: Go live—once you have Finastra Global Services and our customers to achieve: received the new version in UAT, we will extensive partner ecosystem have work with you to ensure the solution is already successfully upgraded a • Up to 30% reduction in the time to fit for purpose and is ready to go live significant number of our core banking complete the end-of-day process in production. In conjunction, we will customers to FusionBanking Equation • Up to 40% reduction in the start-up also deliver a comprehensive training 4.3. These customers are already time of branches program to ensure all end users and starting to see the benefits of the new IT staff are fully enabled to effectively solution in their day-to-day operations. Risk Reduction manage the new version. As a result of the upgrade, operational risk has consistently been minimized and deemed acceptable by internal audit teams Aout Finatra Corporate Headquarters Finastra unlocks the potential of people and businesses in fi nance, creating a platform for open innovation. Formed in 2017 One Kingdom Street by the combination of Misys and D+H, we provide the broadest portfolio of fi nancial services software in the world today – Paddington spanning retail banking, transaction banking, lending, and treasury and capital markets. Our solutions enable customers to London
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