Finastra, a global provider of financial software applications and marketplaces, has announced a new managed services partnership agreement with Luxoft, a DXC Technology company, to support Finastra’s Kondor customers in the Europe, Middle East and Africa (EMEA) region with their cloud transformation journeys. Under the new agreement, Luxoft will become the preferred provider of managed services and hosting for Finastra’s solution in the region.
“As a long-standing Finastra partner, we are excited to extend our collaboration to help Kondor customers in EMEA modernise their technology estate, migrate to the cloud, increase agility and reduce total cost of ownership,” said Rob Easter, Managing Director, Banking & Capital Markets at Luxoft. “With Finastra’s industry-leading solution, combined with our extensive delivery expertise, banks will have access to robust services underpinned by the as-a-Service cloud-construct model to help them accelerate their growth, innovation and the ability to adapt quickly to new demands.”
Finastra Kondor is a best-of-breed trading system that meets financial institutions’ needs for sophisticated treasury functionality while enabling growth and ensuring compliance. Open, flexible, easy to use and based on microservices, Kondor reduces the cost per trade with complete front-to-back-office integration across the full range of treasury trading instruments. The solution offers powerful risk analytics, trade processing, position management and real-time risk coverage. It enables banks to trade high volumes in treasury while offering the flexibility to support more complex derivatives, options and structured trades.