Amberoon Launches Lucre App on Finastra’s FusionFabric.cloud
App delivers modernized anti-money laundering technology to help banks ensure core principles of safety and soundness
Cupertino, CA, September 1, 2021: Amberoon, the enterprise software company that develops regulatory systems of insight to help banks reduce operational risk and enhance performance, today announced that its Lucre application is available for purchase through Finastra’s FusionStore. The compliance-monitoring technology enables financial services institutions to benefit from AI-based models that quickly identify risk patterns and potential for financial crime.
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.
Built on Finastra’s industry-leading core technologies and harnessing an extensive catalog of open APIs, Amberoon’s Lucre features a modernized anti-money laundering solution that uses agile compliance to closely align with a bank’s mandate of safety and soundness. Lucre leverages advances in AI, data engineering and security to make complex anti-money laundering processes insightful, efficient and cost-effective, all without requiring costly replacements to existing core technologies. Unlike traditional anti-money laundering solutions that mandate inflexible processes and rigid rules engines, Lucre allows governance and process to drive the technology. It connects to Finastra’s Fusion Phoenix solution for easy implementation and faster deployment.
“Lucre is designed to adapt to existing infrastructure, and it fits just as easily into Finastra’s FusionStore, which enables easy adoption and ongoing innovation,” said Shirish Netke, founder and CEO of Amberoon. “It’s the perfect environment in which to find dynamic fintech solutions, and we’re proud to bring our offering to this platform.”
“We’re excited that Amberoon has joined our FusionFabric.cloud ecosystem,” said Philip Taliaferro, Head of Partner and Fintech Ecosystem at Finastra. “Amberoon’s Lucre app enables our retail core banking customers to mitigate the risks posed by financial crimes. While the world’s largest banks have been dealing with this challenge for some time, it has become a more pressing need in community markets. We are pleased to welcome Amberoon on board.” 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/
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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