Finastra Joins Forces with Hundsun Lirong to Develop Hundsun Mangos

Finastra, one of the world’s largest fintechs, today announced its partnership with Hangzhou Hundsun Lirong Software Co. Ltd., a subsidiary of Hundsun Technologies Inc..

According to the official press release, the two parties will join forces 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 whilst also meeting international standards, enabling banks to develop and deliver high quality treasury operations and capitalize on opportunities.

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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. Hundsun Mangos will include compatibility with Chinese domestic treasury products, as well as being cloud-ready in anticipation of more banking systems moving to the cloud in the future.

With the new partnership, Hundsun Lirong will take on the management of Finastra’s existing Fusion Opics customers in mainland China, Hong Kong and Macau, as well as their overseas branches. The Hundsun Lirong team, which has gained many years of experience in implementing and maintaining Finastra’s Fusion Opics and Fusion Summit solutions, will work in close partnership with Finastra’s China team. Hundsun Lirong will continue to act as Finastra's partner for Fusion Summit in mainland China, Hong Kong and Macau going forward, providing differentiated treasury solutions for banking clients of all sizes, across large state-owned banks, joint-stock banks, city commercial banks and rural commercial banks.