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Finastra and Hundsun Lirong to enhance treasury capabilities for Chinese banks

Finastra and Hundsun Lirong to enhance treasury capabilities for Chinese banks

Banking & FinanceChinaMore News

Finastra and Hangzhou Hundsun Lirong Software are to co-develop a Chinese version of Finastra’s Fusion Opics treasury solution, Hundsun Mangos.

Built on Hundsun Technologies’ cloud-based platform, the new solution will be tailored to the specific requirements of the Chinese market while also meeting international standards, enabling banks to develop and deliver high quality treasury operations and capitalize on opportunities.

Fan Jingwu, Executive President of Hundsun Technologies and Chairman of Hundsun Lirong, said: “As a software company focused on the development of banking treasury systems, Hundsun Lirong will partner with Finastra to develop an integrated banking treasury system called Hundsun Mangos, covering the whole value chain across front, middle and back office.

“This will be done by leveraging Finastra’s experience in the treasury operations space, combined with Hundsun Technologies’ technical and commercial expertise in front office transactions. The solution will support the self-reliant and steady development of domestic treasury systems, as well as being a key initiative in Hundsun Technologies’ strategy to increase international expertise.”

Finastra’s Fusion Opics is used by over 180 customers in more than 300 sites around the world. The solution covers all aspects of a bank’s treasury operations on a single platform, from deal inception through to settlement and accounting, making treasury operations more cost-effective and increasing overall profitability.

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