App delivers innovative performance management and peer comparison solution for smaller banks
Amberoon, an enterprise software company that develops Regulatory Systems of Insight to help banks reduce operational risk and enhance performance, 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.
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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.”
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“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.
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