App delivers innovative performance management and peer comparison Solution For Smaller Banks

Cupertino, CA, August 23, 2021: Amberoon, an enterprise software company that develops Regulatory Systems of Insight to help banks reduce operational risk and enhance performance, today announced that the company’s Statum application is available for purchase through Finastra’s FusionStore. With Statum, Amberoon provides a performance management solution that helps banks directly measure and manage their performance against peer banks. Statum leverages advances in artificial intelligence, data engineering and security to conduct rigorous analyses of performance patterns across multiple financial services institutions. It offers sharp insights into the future and supports key operational decisions.

Going live on FusionStore marks the final stage of the app development journey for firms using Finastra’s open development cloud platform, FusionFabric.cloud. The FusionStore marketplace enables Finastra’s customers worldwide to access, test, purchase and deploy certified apps on top of Finastra core systems, helping them quickly realize the benefits and deliver added value to their customers.

Statum is built on Finastra’s industry-leading core technologies and harnesses an extensive catalog of open APIs. It is easy to use, thanks to minimal dependence on technical resources, while using relevant metrics for comparison with peer banks.

“Finastra’s FusionStore represents the perfect environment for our technology—it’s a platform that is a truly scalable and fertile foundation for innovation,” said Shirish Netke, founder and CEO of Amberoon. “Just as Statum offers banks a roadmap to the future, FusionStore gives fintech providers a dynamic forum for industry collaboration and worldwide promotion.”

“A new app hitting the FusionStore is an exciting moment for us and our partners. It marks the point at which an innovative idea becomes a reality that can benefit financial institutions worldwide. Our customers are seeking out innovation from fintechs like Amberoon,” said Vincent Pugliese, SVP and General Manager of Platform at Finastra. “We welcome Amberoon to the FusionFabric.cloud platform, as we continue building the next wave of financial services solutions in collaboration with our partners.”

Using Finastra’s open APIs, developers can create solutions that address business challenges across the financial services spectrum, including retail banking, payments, transaction banking, corporate banking, lending, treasury, and capital markets. Visit FusionStore for more information: https://store.fusionfabric.cloud/

For further information please contact:

DIGS MAJUMDER

Amberoon
T 646-896-4427
E Digs@amberoon.com
amberoon.com

CAROLINE DUFF

Global Head of PR, Finastra
T +44 (0)7917 613586
E caroline.duff@finastra.com
finastra.com

About Amberoon
Amberoon develops and offers enterprise technology to help banks modernize AML/BSA processes without replacing legacy technologies. Amberoon solutions leverage AI/ML advances and use a risk-based approach within an Agile Compliance framework to reduce operational risk from financial crimes and enhance performance. Visit amberoon.com

About Finastra
Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at finastra.com

About FusionFabric.cloud
FusionFabric.cloud is a scalable, open and collaborative development platform built by Finastra. The secure and proven cloud platform encourages innovation, opening up the company’s core systems through APIs so that third parties can develop applications on top. Fintechs can quickly build and promote apps worldwide. Financial institutions can access or create new services, which their customers are demanding, faster. Visit fusionfabric.cloud