Profile

Finastra provides market-leading software solutions for the Lending, Payments, Treasury & Capital Markets and Universal (Digital, Retail and Commercial) Banking sectors, and an open innovation platform for banks, fintechs and non-banks to connect and collaborate. Their purpose is to unlock the potential of every person, business and community, everywhere, through open finance. They are proud to serve over 8,100 institutions in 130 countries, from small credit unions to global banks, and their customer base includes 45 of the world’s top 50 banks.

Visit www.finastra.com

Key Products

Finastra provides financial services software across the following lines of business:

• Lending: A comprehensive portfolio of end-to-end loan management software in Syndicated, Commercial, Consumer, & Mortgage Lending. Products include Finastra Trade Innovation, Finastra Loan IQ and Filogix.


• Payments: A suite of products, alongside a growing ecosystem of specialist fintech and cross-border payment partners, helps customers respond to market changes, embrace open banking, accelerate innovation, and modernize payments with speed and resilience. Products include Finastra Payments to Go, Finastra Global PAYplus, and Finastra Financial Messaging Marketplaces.


• Treasury & Capital Markets: Simple, flexible and open capital markets solutions for better performance and risk management. Products include Fusion Invest, Finastra Summit, Finastra Opics, Finastra Kondor and Finastra ALM IQ.


• Universal Banking: A range of small-to-enterprise solutions spanning digital, core, and mobile banking, AI and Analytics. Products include Finastra Essence, Finastra Analytics and Fusion Phoenix.

They combine market-leading software with the expertise and capabilities of a wide ecosystem of fintechs, banks, partners and third parties, leveraging APIs and an open platform.

Customer Insights

• Bryan Wilken, Chief Information Operations Officer at Bank Midwest: “We offer a personalized, tailored, and consistent customer experience, and we know that our loyal customers expect the latest products and services. With Finastra’s platform, commitment to open finance, and expertise, we can deliver on this promise quickly and efficiently, allowing us to deliver innovative solutions and exceed customer expectations.” Read more


• Sarah Booker, Senior Vice President, Deposit and Card Operations Manager at Jefferson Bank: “We have worked with Finastra for many years and deeply value its team’s proven experience implementing instant payments services not just in the United States, but across the globe. Finastra Payments To Go gives us access to the same payment processing technology used by big banks, enabling us to provide our customers with state-of-the-art payment services in addition to the experience they have come to expect from us.” Read more


• Ho Nam Tien, Vice Chairman cum General Director of LPBank: “Finastra’s Kondor treasury solution will enable us to increase trading volume, improve transaction quality, shorten transaction operation time, and support the development of diversified demand for trading derivatives and more complex structured transactions.” Read more


• Hussam Alkokhon, Head of Trade Finance at CQUR Bank: “Finastra is a market leader in trade services globally, which plays to our ambition of being the best trade finance provider in GCC, with the highest standards of risk mitigation and compliance.” Read more

For a wide range of customer success stories, please visit Customer Stories | Finastra, and to see all their latest press releases, visit Media Room | Finastra.

Key Executives

Simon Paris, Chief Executive Officer

Simon takes responsibility for Finastra’s strategic direction and growth. His leadership steers the company in its purpose to unlock the potential of everyone through open finance. A firm believer in the principles of doing well by doing good, Simon chairs the World Trade Board and is passionate about how technology and open trade can drive financial inclusion and improve people’s lives. He also serves on the Board of Directors for Everbridge, a critical event management (CEM) software company, and on the Board of Directors for Thomson Reuters.

Barry Rodrigues, Executive Vice President, Payments

Barry is responsible for Finastra’s payments organization. An experienced senior leader, he has a compelling track record of working in both early stage and growth businesses, spanning digital banking, credit cards, buy now pay later, merchant acquiring, corporate/virtual cards and networks. Barry has built his 35-year career in financial services around the world in leading companies. Most recently he was a Senior Advisor at Boston Consulting Group. Prior to that, he was Chief Executive Officer at Barclays Cards and Payments where he oversaw the digital banks and credit card divisions in the US and Germany, as well as merchant acquiring, corporate card and point of sale businesses in the UK. He brings deep payments knowledge and strong leadership expertise to his role at Finastra.

Siobhan Byron, Executive Vice President, Universal Banking

Siobhan oversees Finastra’s Universal Banking business, including market leading core banking and digital solutions globally. She has deep technology industry expertise, and more than 25 years of experience in IT and channel management, as well as leading and growing prominent technology companies across a range of sectors such as financial services, insurance, manufacturing, and public sector. She’s passionate about innovating to drive growth and unlock new revenue opportunities. A highly regarded technology executive and transformative leader, Siobhan champions Finastra’s open culture and is a strong advocate for diversity and inclusion. She is the Executive Sponsor for the company’s LGBTQ+ and Friends initiatives, as well as supporting the Women@Finastra group.

Wissam Khoury, Executive Vice President, Treasury & Capital Markets

Wissam Khoury is responsible for Finastra’s global Treasury and Capital Markets (TCM) organization. He has over 25 years of experience working with financial institutions, leading them through digital transformation and industry change. He is particularly passionate about growing the TCM partner ecosystem at Finastra, as well as diversity and inclusion. He is an advocate and executive sponsor of the Women@Finastra group, which empowers women to achieve their professional and personal aspirations. Wissam has a successful track record in managing high performing teams, having previously spent more than two years leading Finastra’s Middle East and Africa operations as Managing Director, where he was instrumental in contributing to the growth of the region’s fintech industry. For the past two years, he drove the company’s growth strategy across EMEA and APAC, strengthening local footprints, accelerating sales and deepening customer partnerships.

Carissa Kell, Chief Financial Officer

Carissa is the Chief Financial Officer for Finastra and is responsible for leading the Finastra global finance organization and key supporting functions, including Financial Planning and Analysis, Treasury, Accounting, Tax, Investor Relations, Finance Transformation and Procurement, as well as Sales Operations. Carissa joined Finastra as Senior Vice President, Head of Finance in July 2020. She brings 20 years of finance, accounting, mergers and acquisitions, sales operations and global leadership expertise to the company.

Simon Dowler, General Counsel

Simon began his career as an attorney in private practice working for a leading firm of lawyers in the City of London before moving into industry where he held senior roles in a number of well-known international technology-focused businesses before joining the company in 2008. Simon is involved in all aspects of Finastra’s business, drawing upon his broad business management skills as well as his extensive experience in managing commercial transactions with international technology customers, suppliers and partners.

Elona Ruka-Wright, Chief Risk & Compliance Officer

Elona heads up Finastra’s global risk management and governance practices and is the company’s key liaison with regulatory bodies and auditors. She is accountable for Finastra’s Enterprise Risk Management framework, strategy and governance, as well as regulatory compliance, enterprise policy governance, client and third-party due diligence, business resilience, crisis management and internal audit. As Finastra’s Chief Risk Officer, Elona has played a pivotal role in safeguarding their employees, clients, and operations, particularly through changes related to COVID-19. She believes that a culture of openness and awareness is the foundation for balanced risk-taking, and strong governance. Elona is also a keen sponsor for #WomenatFinastra. She was named one of the Top 25 Women Leaders in Financial Technology of Europe for 2021, as well as being included in the – Top 100 Leaders in FinTech list by FinTech Magazine.

Helen Cook, Chief People Officer

Helen takes global responsibility for the People, Brand and Corporate Communications organization and advancing Finastra’s aspiration to be the most inclusive and diverse employer in the fintech industry. She is particularly passionate about building a curious and well-tooled workforce, supporting employees to develop skills which keep them relevant, engaged and growing. Developing the company’s global talent and ensuring a truly inclusive workplace is her priority. Helen was previously at Natwest Group, where she was a member of the Executive Team and held the position of Chief Human Resources Officer. She has an incredible wealth of expertise including extensive global exposure in all aspects of people strategy. Her career spans more than 25 years in financial services, including experience at Deutsche Bank and Morgan Stanley.

Investors

Finastra is part of the Vista Equity Partners portfolio.

Competitors

Finastra’s competitors vary by line of business and geographic territory, but include FIS, Fiserv, Temenos, Jack Henry, and Infosys.

Corporate Responsibility

Finastra places the principles of Environment, Social & Governance (ESG) and their business mantra of ‘doing well by doing good’ at the heart of their OPEN and inclusive culture. Their corporate purpose is to orchestrate the sustainable financial empowerment of every single person on the planet through the collaborative power of their technology, diverse talent and ecosystem.

This strategic approach and vision for ESG was formed at the inception of Finastra through their corporate social responsibility (CSR) strategy, which they launched in 2018. Their dedicated ESG team, which includes many members of their Executive Leadership Team, recognizes the role their stakeholders play in the pursuit of their objectives to improve the wellbeing of their employees, customers, partners, society and the environment in which they operate.

With their CSR foundations and ESG framework and ambition they have created a platform for positive social and environmental impact through philanthropy, education, job creation, economic growth and innovation. But their environmental journey does not stop within Finastra; they are shaping the global response to environmental issues through their ESG Service, which helps their customers lead the way in sustainable financing.

Find out more here:

• Finastra’s Task Force on Climate-related Financial Disclosures report


• Finastra’s 2023 ESG Report