Finastra & Unitas to offer treasury solution to banks in South Korea

By Gloria Mathias

Finastra has announced Unitas as a strategic partner for Finastra’s Kondor treasury solution in South Korea. Unitas is an AML compliance solution that will be deploying Finastra to cater to banks in South Korea.

This strategic partnership will help more banks leverage Finastra’s Kondor solution to digitally transform their treasury operations.

The combination of Finastra’s trading system with Unitas’s local expertise and deep experience providing risk and compliance solutions to financial institutions will enable more banks in the country to digitally transform and grow their businesses.

“After many years helping banks in South Korea digitally transform their treasury operations, we are excited to combine our experience with UNITAS – a leading name in South Korea’s financial risk and compliance market,” said Richard Zhu, Managing Director, Treasury & Capital Markets, APAC, Finastra. “With its experience and reach in the market, working alongside UNITAS will enable us to bring an even more comprehensive offering to Korean financial institutions and help grow their businesses.”

“With our common client profile, this partnership presents clear synergies and enables us to offer Finastra’s best-of-breed trading system to our existing and new clients, as well as opening up a new revenue stream,” said Dooho Lee, Director, Unitas. “We look forward to working with Finastra to help more banks transform their treasury operations.”

Finastra Kondor enables financial institutions to trade high volumes of treasury while offering the flexibility to support more complex derivatives, options, and structured trades. The solution can be easily integrated with existing systems and applications, enabling simplification, lowering costs, and creating a single source of truth while ensuring that the organisation remains compliant.

Finastra is a global provider of financial software applications and marketplaces. It serves institutions of all sizes, providing software solutions and services across Lending, Payments, Treasury & Capital Markets and Universal Banking for banks to support direct banking relationships and grow through indirect channels.