FinTech Magazine - September 2021 | Page 54

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FUSIONFABRIC . CLOUD
Benefits for Financial Institutions
• Accelerates innovation and time to market
• Embraces digital transformation and the cloud
• Engages customers with better experiences
• Enhances business decisions with data insights
• Streamlines workflows and unlocks efficiencies
• Creates new business models and revenue streams no exception . As a direct result of the pandemic , Finastra has rapidly taken steps to keep up with the complex threats that companies now face . To proactively manage risk , Elona ’ s team has taken an agile approach . ‘ We ’ ll see an emerging risk and launch a targeted response ’, Elona explains . ‘ And when we evaluate new strategic initiatives or business projects , we identify risks that we want to nip in the bud ’.
In addition , Finastra has started to conduct more frequent and short sprint risk assessments , refresh its audits and crisis scenarios , and implement new enterprise Governance Risk & Compliance ( eGRC ) and risk data visualisation tools and functionality . This is all part of Elona ’ s strategic approach to continuously prioritise — to determine the balance
54 September 2021