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SONDA and Finastra join forces to accelerate the transformation of the financial market in Latin America

SONDA and Finastra join forces to accelerate the transformation of the financial market in Latin America

Banking & FinanceChileColombiaTop Stories

In the current banking landscape, 86% of financial institutions have accelerated their digitalization initiatives during the pandemic, according to the Latam & Caribbean Study on Digital Banking presented by Infocorp.

As part of this scenario, SONDA, a leader in Digital Transformation, and Finastra, a global provider of financial software, have signed an agreement to accelerate the transformation and digitalization of financial markets for four Latin American countries: Brazil, Chile, Colombia and Mexico.

This alliance will allow us to offer solutions for checking, savings and loan operations through the core retail solution called Fusion Essence, as well as solutions for treasury, cash flow, cash management and liquidity for large corporations through Fusion Cash Management.

These add to the extensive portfolio of solutions and infrastructure of SONDA for the financial sector called ‘Full Financial’, responding to local needs and regulations with a comprehensive offering.

Patrício Fuentes, Corporate VP of Full Financial, SONDA, said: “The alliance with Finastra aims to support the development of digital banking solutions that allow financial institutions to operate with maximum agility, efficiency and cost reduction – all the fundamental requirements in the face of changes in an increasingly digital sector.”

Edward Sweigart, VP of Partner Ecosystem, Finastra, said: “We are excited to work with SONDA to keep expanding our presence in Latin America and provide vital retail banking and cash management solutions for financial institutions in the region.”

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