KBC Bank: Chooses Finastra for LIBOR transition

  • Finastra building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people
  • KBC Bank, a Belgium-based bank with operations across Europe, US and Asia Pacific
  • Chosen Finastra to help manage its transition through the upcoming interbank references rates changes
  • It selected Fusion Loan IQ Alternate Reference Rates (ARR) module to manage new rates and to expand its lending business
  • The bank also opted for the Fusion LIBOR Transition Calculator to help calculate rates ahead of the transition period
  • Fusion LIBOR Transition Calculator help KBC Bank manage the transition before the ARR module is rolled out
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

OnePay Partners with Klarna to Enhance BNPL Options for Shoppers

New collaboration allows debit card purchases to be converted into loans.Highlights: OnePay partners with Klarna to offer BNPL...

Noah and Picnic Launch USD-Native Payroll for Brazil’s Workforce

New partnership aims to streamline payment processes for global workers in Brazil.Highlights: Noah teams up with Picnic to...

ThisBank Launches as UK’s Newest Branchless Bank, Promising Human Touch

The innovative bank aims to transform customer service with a personal approach.Highlights: ThisBank officially launched as the UK’s...

SMBC Winds Down Digital US Bank Jenius, Impacting Customers

The closure illustrates the challenges facing digital banks in the US.Highlights: SMBC announces the closure of its US...