Leading digital bank Tinkoff selects Finastra to power expansion into Asia

Leading digital bank Tinkoff selects Finastra to power expansion into Asia

Tinkoff, one of the world’s largest digital-only banks serving over 18.5 million customers, has selected Finastra’s Fusion Essence Cloud core banking solution to power its planned expansion into the Philippines.

Finastra’s next-generation, cloud-native system will enable Tinkoff to bring a powerful new offering to market quickly and support rapid customer acquisition, while maintaining compliance with local regulations.

“To bring our award-winning digital banking services to the Philippines we needed to find a partner that could help us launch quickly, enable rapid growth and help us to navigate the local requirements of a new market,” said George Chesakov, International Expansion Lead at Tinkoff. “Finastra’s cloud-native, open platform meets all these needs and we look forward to working together to build a revolutionary customer experience in the Philippines.”

Fusion Essence Cloud is a core banking system with fully digital end-to-end capabilities for all key banking services. With a rich catalog of open APIs and integration with Finastra’s app marketplace and developer platform, FusionFabric.cloud, Tinkoff will be able to integrate tools from hundreds of developers and build a system tailored to its requirements.

The comprehensive Software-as-a-Service (SaaS) offering includes upgrades, security, 24×7 infrastructure monitoring, incident management and Disaster Recovery services, meaning Tinkoff will be able to focus on its business goals.

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