OpenFin will update the user experience of the Kondor treasury trading platform.
Finastra, a financial software applications and marketplaces provider, is collaborating with OpenFin to improve the user experience of Finastra Kondor, a well-established bank treasury management system, officials say.
The OpenFin technology is intended to strengthen Kondor “with enhanced workspaces and workflows to drive greater efficiencies and streamline the decision-making process for banks,” according to the Finastra announcement.
“The partnership is part of a wider Kondor evolution, which includes leveraging microservices, embedded A.I. [artificial intelligence] and partner ecosystems to deliver intuitive and persona-based experiences, available via Treasury as a Service (TaaS) and cloud capabilities,” officials say.
The OpenFin Workspace Anywhere technology is intended to help Kondor users easily access the solution “either in web browsers such as Google Chrome and Microsoft Edge or as a lightweight desktop app,” according to Finastra.
The changes should yield curated personalized experiences via the micro-User Interface (UI) workspace, and via vendor partner applications via unified dashboards, officials say.
“Through robust technology and TaaS, we’re giving banks the tools to fast-track their transformation, future-proof their business to evolve with new demands and optimize their entire treasury operations — from full back-office processing through to real-time coverage of credit, market and liquidity risk in the front office,” says Herve Carrere, chief product and technology officer for the Treasury & Capital Markets division of Finastra, in a prepared statement.
Finastra Kondor is a treasury trading system that supports complex trading, risk management and operations.
OpenFin provides Chromium-based workspace technology to the financial services industry and has more than 3,800 banks and buy-side firms.
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