Luxoft and Finastra partner to deliver turnkey managed services to Finastra EMEA clients with a new MSP agreement

May 10, 2023

Luxoft will provide Finastra’s EMEA customers with cloud-hosted managed services for Finastra Kondor+ to achieve greater flexibility, agility and lower TCO.

Luxoft, a DXC Technology Company, is thrilled to announce a new Managed Services Partnership (MSP) agreement with Finastra, a global provider of financial software applications and marketplaces. This strategic partnership strengthens the long-standing relationship between Luxoft and Finastra, which has been in place since 2006.

Under the new MSP agreement, Luxoft will become 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.

The scope of this partnership covers the provision of managed services to over 150 existing customers, and Luxoft’s extensive delivery capability, including centers in India and Poland, will support this initiative.

Wissam Khoury, EVP Treasury and Capital Markets at Finastra said, “Partnerships are crucial for Finastra’s success, and we take great care when it comes to selecting which companies we collaborate with. We also recognize the enormous value of managed services, providing banks with the necessary flexibility and adaptability, particularly during times of ongoing uncertainty and change. With extensive expertise in delivering financial services software and knowledge of our treasury and capital markets solutions, we believe that Luxoft is the right partner to provide our Kondor customers in EMEA with seamless services that support their ongoing growth.”

While Luxoft’s Rob Easter remarked, “Luxoft is excited to partner with Finastra, implementing their Kondor solution, enabling cloud migration to realize the agility and TCO savings. Luxoft is looking forward to being Finastra’s MS partner delivering a cloud based as-a-Service offering on Finastra Kondor for EMEA customers.”

Finastra Kondor is a best-of-breed trading system that meets financial institutions’ needs for sophisticated treasury functionality, while enabling growth and ensuring compliance. Luxoft has deep expertise in Finastra Kondor and more certified engineers than any other global systems integrator.

Luxoft is committed to supporting Finastra’s strategy to uplift customers to a more scalable and flexible model. This partnership offers an opportunity to provide world-class product and service offerings underpinned by the Luxoft cloud-based as-a-Service construct.

The new partnership with Finastra in EMEA complements the existing partnerships that Luxoft has with other vendors, and we will continue to collaborate with other software vendors to deliver turnkey managed services to their client base.

We’re looking forward to working with Finastra to deliver exceptional services to their customers in EMEA. Luxoft understands the importance of collaboration, and this partnership is a testament to our commitment to working with leading financial firms in the region.

About Luxoft

Luxoft, a DXC Technology Company, is a global banking and capital markets consulting and services provider that offers innovative solutions to clients in various industries, focusing on financial services. Its expertise in operational resiliency, systems monitoring and advanced analytics helps clients improve business operations, increase efficiency and reduce risk. Luxoft has been recognized for significant achievements in the financial services industry in recent years. In 2020, the company was named a "Leader" in the Gartner Magic Quadrant for Application Services in the Banking and Financial Services sector. Industry analysts also acknowledge Luxoft as a leading provider of digital transformation services for financial institutions.

About Finastra

Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, providing award-winning software solutions and services across Lending, Payments, Treasury and Capital Markets and Universal Banking (Retail, Digital and Commercial Banking) for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by ~8,600 institutions, including 90 of the world’s top 100 banks.

For more information, visit finastra.com