Commercialize your offering on Finastra’s FusionFabric.cloud

Introducing FusionFabric.cloud

Finastra's open innovation platform that is helping build the future of financial services. Register on FusionFabric.cloud through VC INNOVATIONS, the architects of Fintech Talents, to start developing your App today.

General focus areas

Consumer Banking

Corporate Banking

Treasury & Capital Markets

Payments

Lending

North America Community Market

In Partnership with Finastra

Finastra, a global financial technology company based in London, is partnering with VC Innovations to expand its platform for open innovation.

They are building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities.

The partnership with VC Innovations provides startups that can be onboarded into Finastra’s FusionFabric.cloud, a one-stop portal that is flexible and scalable, and allows customers to customize their services and provide cutting edge technology.

Startups we are looking for

  • Scaled up company with "proven product" and reference clients
  • Area of expertise in the financial technology space
  • B2B or B2B2C
  • Executive team in place and complete
  • Ability to scale
  • Ability to use Finastra APIs, SPI or datasets in one of the Finastra lines of business
  • Global reach potential, or answering to a regional need with relevant market
  • Ability to complete the Finastra app validation process prior to a bank sale

Program Benefits

  • Access to 8500 financial institutions and global exposure on the Finastra Fusion store
  • Financial incentives, including $10,000 and an application security testing certificate courtesy of Synopsys
  • Support from Finastra to understand the solutions and API available in the marketspace
  • Repeatability of integration
  • Ability to reach clients and increase recurring revenue
  • On-going support from Finastra business to give feedback on the applications
  • Low cost of on-boarding / commercial incentives

Selection Process

SELF SELECTION

STEP 1

Discover the FusionFabric.cloud platform:

  • Discover the FusionFabric.cloud platform: app marketplace, building blocks (APIs, SPIs and datasets), supporting documentation (program guide, FAQs, onboarding videos)
  • Register to developer portal
  • Experiment in FFDC sandboxes
  • Indicate interest to proceed with Finastra

IDENTIFICATION

STEP 2

Initial 1-2-1 discussions with Fintech:

  • Use case definition
  • Fintech introductions and solution review
  • FusionFabric.cloud workflow & product walkthrough
  • Initial checks on Fintech entity, funding model
  • Use case submission

QUALIFICATION

STEP 3

Fintech’s value proposition is assessed based on:

  • Use case qualification and Sales feedback
  • FusionFabric.cloud or Product dependencies identified if any and implementation plan agreed to
  • Core product fit​ and Competitiveness
  • Commercials models and Client demand

APP DEVELOPMENT

STEP 4

App is being developed by connecting API end points or using data platform:

  • Go To Market approach discussed​ and kicked off
  • App Brief preparation underway
  • Potential clients list (working with Sales)

APP VALIDATION & SALES ENABLEMENT

STEP 5

App is validated in preparation to move to FusionStore:

  • Register the fintech as an official vendor (Legal, Risk and Compliance validation)
  • Technical/Security validation
  • Billing information capture and Sales Ops set ups
  • Sales Enablement for scale launch

GO TO MARKET

STEP 6

App live in FusionStore:

  • Client Demos with Fintechs
  • Lead Generation and Sales execution
  • Deployment of App in Financial institution tenant
  • App utilization and Billing
  • On-going support

Apply to the program



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