If the month of March is typically “in like a lion, out like a lamb,” open finance giant Finastra might not have gotten the memo. The month started strong for the London-based company, as prophesied in the weather adage, but it never slowed down, as the company announced five new partnerships since March 1st to roar into April.
Among those partnership announcements was big news; most recently, Finastra partnered with post-trade processing solutions company SmartStream to extend collateral management workflows across treasury and capital markets. The move came just days after the company introduced enhancements to its cloud-based loan document preparation system, LaserPro, including AI and geocoding.
These changes also come two months after Finastra welcomed Chris Walters as its new Chief Executive Officer, replacing Simon Paris. Walters was previously the CEO of Pluralsight, a tech learning platform, and Avantax, a wealth management company, and served as the Chief Operating Officer of The Weather Company.
Most recently, Vista Equity Partners’ attempt to refinance Finastra’s private debt was put on hold due to uncertainty in the markets. Given Finastra’s reliable velocity, it will likely end up as a mere speed bump as the deals and progress continue.
