Software group Misys said that Australia’s Finpacific Treasury Systems has signed an agreement to join the company’s InFusion partner programme.
Sydney-based Finpacific is a treasury, risk and cashflow management software and services provider with over 10 years of experience working with banks and corporate treasuries across the Asia Pacific region.
The key areas of joint focus will be the cloud deployment of Misys FusionBanking KTP and FusionRisk portfolios to power core treasury capabilities. Finpacific has deployed cloud-based treasury solutions for several years and is experienced in the strategic advantages of operating treasury solutions, including cashflow management in the cloud.
“We are delighted to work even closer with Misys,” said Rangaswami Balakumar, Finpacific’s chief executive officer (CEO). “The focus on core treasury functionality and risk management is a perfect fit to our philosophy of providing treasurers with intelligent tools and functionality to increase their ability to make superior financial decisions.”
“Finpacific has a proven history in cloud-based solutions,” commented Brian Gibson, Misys’ vice president (VP), partners and ecosystem. “Its ability to provide Australian corporates and credit unions with our core treasury and risk solutions is a major benefit to us and our customers.”
Data from Swift’s latest RMB tracker shows exceptional growth in RMB adoption in the United Arab Emirates (UAE), witnessing a 210.8% growth in payments value of the currency since August 2014, albeit from a low base.
Sentiment in the financial services sector deteriorated in the three months to September, as firms digested the challenges of lower interest rates and the uncertainty caused by the vote to leave the European Union (EU), according to the latest CBI/PwC Financial Services Survey.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.