Finastra and Luxoft financial services
One day, all platforms will be built like this
Luxoft’s partnership with Finastra brings two market leaders together to help clients achieve high-performance banking and capital markets solutions.
The Finastra and Luxoft strategic partnership
Luxoft and Finastra have launched a new Managed Services Partnership (MSP) agreement. This strategic partnership strengthens a long-standing relationship first established in 2006.
Under the MSP agreement, Luxoft became the preferred provider of managed services and hosting for Finastra’s Kondor solution across Europe, the Middle East and Africa (EMEA). The partnership aims to deliver turnkey managed services to Finastra’s customers in the region.
DXC Luxoft: Finastra’s TCM Partner of the Year 2024
DXC Luxoft has been named Treasury and Capital Markets Partner of the Year in the Finastra Partner Awards 2024.
“Our partners are integral to Finastra’s open finance software ambitions for new markets, economies and customers. Ultimately, we are stronger together, and it’s a pleasure to celebrate our award winners.” — Simon Paris, CEO, Finastra
“Each DXC Luxoft SME understands the nuances of running critical front-to-back-office solutions like Kondor+. This practical awareness enabled us to build our Finastra partnership on trust, transparency and a forensic assessment of both parties’ strengths and weaknesses.” — Pierre Castagne, Global Head of Alliances, DXC Luxoft
Why Luxoft
First-class product offerings
Kondor | Fusion Risk | Seamless FX | Opics | Summit | Loan IQ
Luxoft’s expertise
Take advantage of our deep domain knowledge to build scalable solutions at speed
Global cloud-hosted model
Our global presence keeps us closer to our clients and ensures reliable service
Targeted to specific market segments
Products from innovative companies
Finastra and Luxoft Managed Services Partnership
- Luxoft are Finastra's preferred Managed Services Partners for customers
- Luxoft provides a managed service including run, change and upgrades for a fixed period
- Reduces the overall TCO and makes applications more viable to help clients achieve their business objectives
- Single point of contact for all implementation support (e.g., applications, infrastructure and integration) and upgrade requests
Reap the benefits of managed services from Luxoft and Finastra
The Luxoft - Finastra partnership fuses together the strengths of both companies to create a powerful advantage for our clients, combining unparalleled expertise, innovation, global reach, customer focus and state-of-the-art technologies. We take care of maintaining the technology so that you can focus on growing your business and meeting regulatory requirements.
To learn more about managed services for Finastra's Kondor watch our latest webinar:
Our Finastra solutions
Trading, treasury and risk
Finastra software solutions improve trading and treasury performance in commercial and corporate banking by:
- Enhancing monitoring, reporting and risk management
- Integrating trading, hedging and banking books
- Consolidating liquidity, forecasting and risk analysis for capital optimization
- Achieving more automated workflows and processes
- Delivering a common interface with deep analysis capabilities
- Responding quickly to new business and regulatory demands
As-a-Service
Cloud-based Treasury as-a-Service consolidates treasury, FX and risk activities into a single end-to-end platform, built on Kondor, Opics and Summit.
The solution integrates with existing systems, presenting a unified view of liquidity and financial positions, while offering comprehensive asset coverage from vanilla to derivatives, centralizing financial exposure, optimizing hedging costs, reducing risk and ensuring compliance.
Lending
Finastra’s Loan IQ is the leading, syndicated lending solution for servicing commercial loans. The system promotes growth by tightening control, while streamlining workflow and providing more accurate data.
Coverage includes structured, project, syndicated, bilateral, asset-based, commercial real estate, agricultural and niche lending, enabling you to deliver a better client experience.
Contact one of our experts
Finastra’s partnership with Luxoft sees two market leaders coming together to serve a greater range of sizes of financial institutions. Together, we bring a much-needed, complete, cloud-based, hosted Treasury and Risk solution to the market. Partnering is at the core of our open strategy as a business, and with this move, we’re helping financial institutions to tap into affordable technology that optimizes Treasury trading processes and prompts cost savings, which in turn can be used to empower innovation and growth.
Eric Duffaut
President and Global Head of Customer Operations at Finastra
Our Finastra capabilities
Luxoft experts run and maintain global platforms with a single point of contact for any Finastra implementation. As a Finastra partner, we also provide extensive support for financial market products and local market requirements. Crucially, time-to-market is < 300% faster than with other global platforms.
Advisory and program management
Take full advantage of Luxoft domain expertise in the form of Finastra consulting services to inform your decision-making on the go.
Finastra subject matter expertise
Our team has gained extensive knowledge of Finastra software.
Transition to as-a-Service
Ensure a smooth transition to manage and deliver change at scale, generating greater efficiency and productivity.
Full execution capability
Entrust your development pipeline to highly skilled software engineers and Finastra integration experts.
Cloud enablement
Increase the efficiency, security and reliability of your services with cloud transformation.
Learn more about Luxoft Capital Markets solutions
Global delivery model
61
offices
28
countries
Benefits of Luxoft Finastra services
Business agility
Benefit from secure and scalable solutions tailored-made to address your business challenges.
Reduced operational risk
Manage and reduce potential risks with reliable solutions built upon industry standards.
Reduced TCO
Consolidate your efforts effectively with a significant reduction in the total cost of ownership.
Business continuity
Our Luxoft Finastra solutions are built with resilience in mind to deliver stable performance.
Safe and secure cloud
Enhance your platform offerings with cloud-native, edge-computing-enabled solutions.
A high-performance, scalable platform
Take your business to the next level with platforms built to enhance customer experience and generate value.
Talk to one of our wealth consultants
FAQ
Finastra is a leading financial software vendor that provides best-in-breed solutions to its users in retail banking, lending, transaction banking and capital markets. Finastra software solutions power operations for around 8,100 financial institutions in over 130 countries. Finastra’s products include solutions for:
- Lending and corporate banking: Cash, liquidity and collateral management; commercial, mortgage, syndicated and consumer lending; loan origination; digital banking
- Payments: Corporate connectivity, payments hubs and financial messaging marketplaces
- Treasury and capital markets: Investment banking, securities finance, trading, treasury management, risk and compliance
- Universal banking: Digital, retail and commercial banking worldwide
- Investment management: Solutions for asset managers, insurance companies, pension funds, hedge funds and family offices
- Banking as-a-Service and embedded finance
The exact feature set depends on the solution. The functionality of a hedge fund's treasury and risk solution will differ from the cash and liquidity management solution for a large bank.
However, Finastra solutions have several characteristics in common:
- Open and API-first framework. Finastra users can adopt new technologies and integrations promptly and with reduced costs
- Microservices architecture. This improves system performance, enables optimal scalability and flexibility, reduces upgrade downtime and increases cost-efficiency
- Intuitive user experience. Finastra solutions come with a gentle learning curve thanks to intuitive workflows that allow end users to master them without enduring a prohibitively long onboarding program
- Single platform approach. Finastra solutions are designed to satisfy all of the user’s needs in one system
- Automation and data analytics. Finastra solutions automate workflows, improving employee productivity and helping users to make sense of the mountains of data
Luxoft is one of Finastra’s long-time partners. We’ve been collaborating since 2006 and have developed one of the world’s top Finastra practices that enabled us to secure a strategic partnership in 2020.
Hands-on Finastra expertise drives our advisory and program management, end-to-end implementation, knowledge transfer, as-a-Service transformation and cloud enablement services. Our rich experience includes working with Finastra’s treasury and risk, Treasury as-a-Service and Loan IQ solutions.
In 2023, Luxoft became the preferred provider of managed services and hosting for Kondor users in Europe, the Middle East and Africa (EMEA). Luxoft’s partnership with Finastra allows us to facilitate cloud transformation for EMEA users of Kondor, a best-of-breed Finastra trading solution.
This partnership enables us to offer our extensive delivery expertise to Kondor users on a turnkey basis. Luxoft helps clients reap the benefits of cloud and as-a-Service while gaining the adaptability, flexibility and resilience they need to remain competitive.
Our wealth of experience onboarding and supporting Kondor users underscores seamless managed services that provide better cost control, improved risk management and future-proofed systems.
