FinTech Magazine - September 2021 | Page 52

“ There is no business without risk . It ’ s about making informed and balanced decisions that maximise opportunities while minimising risk ”
FINASTRA
Finastra ’ s Global Focus As the largest pureplay software vendor that serves the financial services industry , Finastra operates across the globe , with key hubs and centres of excellence located in Europe , Canada , Asia , and the US . Some risks that Elona and her team oversee are universal , such as cybersecurity , health and safety , and operational disruption . Yet others are localised — such as political strife in Hong Kong , hurricanes in the US , tsunamis in the Gulf of Thailand , or Brexit .
In terms of risk , there ’ s also the global pandemic . ‘ First and foremost , we focused on our people ’ s health and safety , prioritising employee wellbeing ’, Elona says . ‘ We moved over 95 % of our workforce to
“ There is no business without risk . It ’ s about making informed and balanced decisions that maximise opportunities while minimising risk ”
ELONA RUKA-WRIGHT CHIEF RISK OFFICER , FINASTRA remote working in just a few days . At the start of the pandemic , we faced familiar risks — safety , security , and resilience — but we knew that they would accelerate and evolve ’. She points out that risk management demands collaboration . ‘ There ’ s no competition ’, she says . ‘ We look at ourselves as peers and partners . And we communicate regularly within our industry in order to do our best work ’.
Banking as a Service : FusionFabric . cloud Not all change is bad . ‘ At Finastra , we see huge market opportunities arising from new business models ’, Elona tells us . ‘ We see Finastra as being a financial ecosystem orchestrator ’. The firm ’ s FusionFabric . cloud
52 September 2021