Sunday, February 28, 2021

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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┬áto 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

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