Finastra: FusionFabric.cloud
Introducing FusionFabric.cloud, Finastra's open innovation platform that is helping build the future of financial services.
Register on FusionFabric.cloud through Plug and Play to start developing your App today.
In Partnership with Finastra
Finastra, a global financial technology company based in London, is partnering with Plug and Play to expand its platform for open innovation.
They are building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities.
The partnership with Plug and Play provides startups that can be onboarded into Finastra’s FusionFabric.cloud, a one-stop portal that is flexible and scalable, and allows customers to customize their services and provide cutting edge technology.
General focus areas
Consumer Banking
Corporate Banking
Treasury & Capital Markets
Payments
Lending
North America Community Market
Startups we are looking for
- Scaled up company with "proven product" and reference clients
- Area of expertise in the financial technology space
- B2B or B2B2C
- Executive team in place and complete
- Ability to scale
- Ability to use Finastra APIs, SPI or datasets in one of the Finastra lines of business
- Global reach potential, or answering to a regional need with relevant market
- Ability to complete the Finastra app validation process prior to a bank sale
Program Benefits
Access to 8500 financial institutions and global exposure on the Finastra Fusion store
Financial incentives, including $10,000 and an application security testing certificate conducted by Synopsys and covered by Finastra
Support from Finastra to understand the solutions and API available in the marketspace
Repeatability of integration
Low cost of on-boarding / commercial incentives
Ability to reach clients and increase recurring revenue
On-going support from Finastra business to give feedback on the applications
Selection Lifecycle
SELF SELECTION
Step 1
Discover the FusionFabric.cloud platform
- Discover the FusionFabric.cloud platform: app marketplace, building blocks (APIs, SPIs and datasets), supporting documentation (program guide, FAQs, onboarding videos)
- Register to developer portal
- Experiment in FFDC sandboxes
- Indicate interest to proceed with Finastra via Plug and Play
IDENTIFICATION
Step 2
Initial 1-2-1 discussions with Fintech:
- Use case definition
- Fintech introductions and solution review
- FusionFabric.cloud workflow & product walkthrough
- Initial checks on Fintech entity, funding model
- Use case submission
QUALIFICATION
Step 3
Fintech’s value proposition is assessed based on:
- Use case qualification and Sales feedback
- FusionFabric.cloud or Product dependencies identified if any and implementation plan agreed to
- Core product fit and Competitiveness
- Commercials models and Client demand
APP DEVELOPMENT
Step 4
App is being developed by connecting API end points or using data platform:
- Go To Market approach discussed and kicked off
- App Brief preparation underway
- Potential clients list (working with Sales)
APP VALIDATION & SALES ENABLEMENT
Step 5
App is validated in preparation to move to FusionStore:
- Register the fintech as an official vendor (Legal, Risk and Compliance validation)
- Technical/Security validation
- Billing information capture and Sales Ops set ups
- Sales Enablement for scale launch
GO-TO-MARKET
Step 6
App live in FusionStore:
- Client Demos with Fintechs
- Lead Generation and Sales execution
- Deployment of App in Financial institution tenant
- App utilization and Billing
- On-going support