Allied Banking Corporation (Hong Kong) has migrated its core banking operations to the cloud with Finastra. The bank also upgraded from Finastra’s Equation core banking solution to Finastra Essence.
Finastra Essence
Finastra Essence, a cloud-driven, API-first core banking system combines banking functionality with advanced technology. It provides customers with comprehensive coverage of key banking products.
The bank also deployed Finastra Retail Analytics, an analytics system that can generate operational, management, and regulatory reports with historical data and trend analysis.
Next-gen systems
“As banks seek to modernise their core banking systems, most either host on-prem or adopt a hybrid model. The success of this project proves that it is possible to not only move directly to the next-gen systems on the cloud, gaining the efficiency, innovation, and agility benefits that brings, but it is possible to do it while maintaining the highest levels of customer service. This has accelerated Allied’s digital transformation and we look forward to helping them become even more competitive in the future,” said Siobhan Byron, EVP of Universal Banking at Finastra.
