Finastra, a London-based financial services software provider, has unveiled new features for its Fusion Invest platform. These enhancements specifically cater to annuity carriers. A standout update is the automation of dynamic hedging for annuity contracts, set to boost transparency and operational efficiency for traders and risk management teams.
Fusion Invest, part of Finastra’s all-encompassing suite of financial services solutions, provides a streamlined investment management system. It seamlessly integrates operations across front, middle, and back offices of investment firms. These new enhancements mark a significant stride in Finastra’s commitment to crafting tailored solutions for various financial sectors.
Dynamic hedging, a crucial feature in the updates, is a strategy annuity carriers employ to shield against potential market fluctuation losses. Finastra aims to minimize human error and boost efficiency by automating this process. Furthermore, real-time adjustments become possible with automation, leading to quicker market change responses.
Finastra’s Dedication to Operational Efficiency and Transparency
Besides dynamic hedging automation, the Fusion Invest update also aims to amplify transparency within annuity carriers’ operations. Given the industry’s high contract and transaction volume, enhanced transparency can significantly improve risk management and decision-making. Finastra intends to give companies a clearer view of hedging activities, leading to better insights and operational control.
These enhancements also target operational efficiency. Automating previously manual tasks can conserve time and resources, freeing companies to focus on strategic decisions and customer service. This aligns with Finastra’s broader goal to streamline financial operations and stimulate industry growth.
In essence, the update underscores Finastra’s continual commitment to catering to the unique needs of various financial industry sectors. Through consistent improvements and refinements to its software solutions, Finastra showcases its capacity to adapt to its clients’ evolving needs. This dedication to innovation and customer service solidifies Finastra’s position as a leading financial services software provider.
