Arkéa Banking Services, a subsidiary of Crédit Mutuel Arkéa, has selected Finastra’s Fusion Risk solution to help streamline its operational processes.
Arkéa says the BPO offering is already live at a new bank
Arkéa Banking Services will provide a business processing outsourcing (BPO) service for compatriot banks using the Finastra system. It says the platform is already live at one other bank in France.
Finastra is deploying its asset liability, funds transfer pricing and regulatory compliance modules. The package is covering both day-to-day operational oversight and “long-term strategic business planning”.
Marc Chereau, head of IT at Arkéa, says Fusion Risk is a “proven solution” and one the bank uses internally.
“We are very confident about using it as part of the hosting and outsourcing operations we provide.
“As well as using the solution to manage risk, margin monitoring, balance sheet optimisation and regulatory reporting, Fusion Risk will also support us in managing other banks’ technical operations.”
Finastra had a good 2020 with Fusion Risk. It signed deals with Shinhan Bank Vietnam, VPBank, Caixa Geral de Depósitos and Uzbekistan’s People’s Bank.
“Local financial institutions will benefit from Arkéa’s experience and technical expertise in retail and corporate banking and risk management,” says Arnaud Picut, global head of risk at Finastra.
Related: Mizrahi-Tehafot Bank picks up Finastra payments solution
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