Finastra, a global provider of financial software applications and marketplaces, has announced an extended managed services partnership agreement with Luxoft, a DXC Technology company. Luxoft will become the preferred provider of managed services and hosting for Finastra’s Kondor customers in Europe, the Middle East, and Africa (EMEA) region. The partnership aims to support Finastra’s customers in modernizing their technology, migrating to the cloud, and increasing agility while reducing the total cost of ownership (TCO).
Facts
- Finastra has extended its managed services partnership agreement with Luxoft to support its Kondor customers in the EMEA region.
- Luxoft will become the preferred provider of managed services and hosting for Finastra’s Kondor solution in the EMEA region.
- The partnership between Finastra and Luxoft expands their long-standing relationship, which began in 2006.
- The agreement aims to help Finastra’s customers in the EMEA region modernize their technology estate, migrate to the cloud, increase agility, and reduce TCO.
- Finastra Kondor is a best-of-breed trading system that offers sophisticated treasury functionality and ensures compliance for financial institutions.
- Kondor is based on microservices, offers front-to-back office integration, and provides powerful risk analytics, trade processing, position management, and real-time risk coverage.
- Luxoft’s expertise in delivering financial services software makes them the right partner to provide seamless services to Finastra’s Kondor customers in the EMEA region. Luxoft also maintains partnerships with other vendors to deliver turnkey managed services.
