Neoflex Expanding its Global Reach
Neoflex collaborates with the world’s leading software manufacturers. One of the company's permanent partners is Finastra that is rapidly developing its business in the finance software segment. Finastra has been created upon the merger of Misys and D+H that was completed on 13 June 2017. The two companies have merged to form Finastra - the world's third largest fintech company that offers a most extensive portfolio of package solutions for financial institutions of any scale.
Neoflex continues collaboration with the newly formed company as an international partner, helping its clients engaging in the finance sector all over the world to effectively transform business with the use of the vendor's IT solutions.
In cooperation with Finastra, Neoflex is developing its own competencies on the global market and participates in the implementation of various projects. One of the projects carried out in such cooperation is about integrating solutions for the automation of the new reporting standard IFRS 9 in one of the largest banks of Greece - Alpha Bank Greece. Another project involves solutions for the automated calculation of the liquidity coverage ratio (LCR) in accordance with the Basel III standards in Indonesian Resona Bank, a subsidiary of a large Japanese financial holding company.
The projects aim at integrating Fusion Risk, specialist software for the automation of asset and liability management, liquidity and transfer pricing control, and reporting procedures for international regulators in accordance with the Basel II and Basel III requirements.