US-based innovation platform Plug and Play has entered into a new collaboration with fintech services provider Finastra.
As agreed, Plug and Play will curate fintechs from across the globe and add them to Finastra’s FusionFabric.cloud platform to fuel innovation.
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The fintech start-ups will leverage Finastra’s open APIs and data sets on FusionFabric.cloud platform to create apps.
Plug and Play Fintech director Fernando Zornig said: “We are excited to work with Finastra to support its expansion of FusionFabric.cloud. The move enables us to provide innovative new ways for our startups to create new products and use APIs.”
Finastra Partner and Fintech Ecosystem head Philip Taliaferro said: “Finastra is committed to creating a truly open ecosystem for building, deploying, and consuming financial services technology.
“We are excited to work with Plug and Play to accelerate the pace at which we are bringing new and innovative solutions onto our FusionFabric.cloud open development platform.”
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By GlobalDataFusionFabric.cloud is designed as an open and collaborative developer platform and marketplace for financial solutions.
The platform is designed to support innovation and streamline time to market.
According to Finastra website, the company has around 8,600 customers, including 90 of the top 100 banks globally.
Recently, the company completed the migration of its Fusion Phoenix core banking system customers to cloud computing service Microsoft Azure.
