Finastra has selected a complete suite of banking software from Finastra.
The de novo bank will be prepared to launch as a full-service community bank in Spring of 2021, by using Finastra’s Fusion Phoenix core banking system.
Finastra’s FusionFabric.cloud developer platform and marketplace for financial solutions are built entirely on Microsoft technology. As a result, the bank will be able to continue to evolve its product offering, leveraging third-party fintechs that meet the bank’s needs.
Climate First has already selected the Allied Bill Payment app from Allied Payment Network, a third-party provider of real-time bill payment, which is available through the FusionFabric.cloud store and integrates seamlessly with Fusion Digital Banking.
“As a de novo bank committed to fighting the global climate crisis, it is imperative that we not only work with the best providers for our needs, but that their vision aligns with and supports our mission,” said Ken LaRoe, Chairman and CEO, Climate First Bank (I/O). “With Finastra, we found a vendor that delivers on both fronts. We evaluate our vendors through an ESG (Environmental, Social, and Governance) lens, and Finastra stood out for its clear and tangible commitment to redefining finance for good. Its open platform approach and cloud delivery model – which is among the greenest means of technology consumption – ensures we will remain at the forefront of technology as we carry out our mission.”
“Climate First’s mission to fight the global climate crisis is crucially important and Finastra is honored to work with the bank to further this important cause,” said Chris Zingo, SVP and GM of Americas Field Operations, Finastra. “At Finastra, we are striving to redefine finance for good. As an established fintech, we recognize the responsibility to minimize impact on the environment, and to reduce emissions in the financial services sector. Through the digitization of banking processes or the digitalization of financial services, our solutions can aid the reduction of employee travel, paper consumption or energy, and we are committed to reducing emissions within our sector, in collaboration with our customers and partners.”
