Finastra Revamps Fusion Invest to Meet Annuities Demand

Finastra Enhances Fusion Invest for Annuities Market

Finastra, a prominent global player in financial services software, has announced exciting developments within its Fusion Invest platform tailored specifically for annuities carriers. This new functionality significantly supports the automation of dynamic hedging for annuity contracts, providing crucial transparency for risk and compliance management, while also enhancing operational efficiency.

Streamlining Annuity Management

Fusion Invest uniquely combines every facet of portfolio management into one cohesive platform. This integration features automated processes that reduce the need for manual data entry and reconciliation, allowing annuities carriers to minimize errors and improve efficiencies in tracking collateral positions, valuations, and movements. This meticulous system not only ensures compliance with evolving derivatives processing regulations but also enhances workflow efficiency in collateral management, effectively driving down operational costs.

Adapting to Market Needs

As the current economic climate prompts life and annuity carriers to diversify their investment options, the demand for comprehensive solutions like Fusion Invest has surged. Vehicles such as registered index-linked annuities (RILAs), which blend insurance with security features, necessitate adherence to regulations from authorities like FINRA and the Securities Exchange Commission. Julie Barthés, Vice President of Product for Finastra’s Treasury and Capital Markets Business Unit, emphasizes the critical nature of a robust hedging and processing platform during such transformative times.

Automated Trade Processes

The enhancements brought by Fusion Invest extend beyond mere management—automating tasks from order creation to compliance checks. This automation significantly reduces the time required to initiate trades, as the platform intelligently analyzes real-time market data and simulates various scenarios. In doing so, Fusion Invest identifies opportunities aimed at maximizing returns within defined product parameters, including participation rates, caps, and crediting methods.

Driving Efficiency with Advanced Technology

Wissam Khoury, Executive Vice President of Treasury and Capital Markets Business Unit at Finastra, highlights that Fusion Invest not only enhances portfolio management agility but also unlocks substantial value by optimizing revenue growth potential while streamlining operations. This adaptability showcases the strength of Finastra’s technology as it ventures into the annuities market.

Built for the Future

Leveraging market-proven technology, Fusion Invest minimizes operational risks and enhances the capabilities for dynamic hedging within the annuity sector. The platform is equipped to support annuity providers on their path to cloud solutions through its advanced technology and services. With a scalable IT infrastructure and robust connectivity options, users are poised to enjoy superior performance essential for navigating an ever-evolving financial landscape.

Expanding Capabilities of Fusion Invest

The latest features of Fusion Invest complement existing capabilities, including advanced modeling for multi-underlying indexed-linked derivatives, cross-asset hedging, and providing real-time analytics support for decision-making processes. With an extensive range of connectivity and flexible workflow options, the platform is designed to meet the challenges of today's dynamic market.

About Finastra

Finastra stands as a global leader in financial services software, gaining the trust of over 8,000 clients, including 45 of the world's top 50 banks in more than 130 countries. With deep expertise across Lending, Payments, Universal Banking, and Treasury & Capital Markets, Finastra offers reliable, scalable solutions like Loan IQ and Trade Innovation, all backed by Vista Equity Partners. The company actively collaborates with customers, innovating to create modern technological solutions that empower financial institutions for sustainable growth.

Frequently Asked Questions

What updates has Finastra made to Fusion Invest?

Finastra has enhanced Fusion Invest to support automated dynamic hedging specifically for annuities, improving efficiency and compliance.

How does Fusion Invest benefit annuities carriers?

The platform automates many portfolio management processes, reducing errors, streamlining operations, and ensuring compliance with industry regulations.

Why is automation important in the annuities market?

Automation minimizes manual data entry, decreases transaction initiation times, and enhances the accuracy of financial operations.

What features does Fusion Invest provide?

Fusion Invest includes multi-underlying indexed-linked derivatives modeling, real-time analytics, and robust connectivity options tailored for dynamic market needs.

What is Finastra's market position?

Finastra is a leader in financial services software, trusted by numerous financial institutions globally, renowned for its mission-critical solutions.

About The Author

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