Finastra, a global leader in financial services software, has strengthened its partnership with NTT DATA, a top global IT infrastructure and services provider. The expanded collaboration will advance Finastra’s Lending Cloud Service, improving managed services delivery for banks across the Middle East, Africa, Asia Pacific (MAAP), and Latin America (LATAM) regions.
Financial institutions in these regions will benefit from faster deployments, enhanced automation, and a more agile lending process. NTT DATA will now manage the full application lifecycle for the Lending Cloud Service, ensuring scalability, operational efficiency, and consistent standards across the platform.
Andrew Bateman, EVP for Lending at Finastra, noted that NTT DATA’s deep understanding of their technology and operations made the partnership a natural step forward. He emphasized that the move will accelerate client onboarding and deliver a high-performing, resilient service.
David Gold, Vice President for Cloud Services and IT Modernization at NTT DATA, said the expansion aligns with their strategic vision. He highlighted that NTT DATA’s expertise in large-scale financial environments will help Finastra deliver automated, reliable cloud solutions to banks, blending innovation with operational excellence to transform the banking experience.
Driving Digital Transformation in Banking
The joint solution features integrated tools for measuring, reporting, and meeting service-level commitments. For NTT DATA, the partnership also opens opportunities to expand its product portfolio. A joint go-to-market strategy is already in motion to scale the solution’s reach across the financial services industry.
This development is particularly significant in the APAC region, where cloud adoption in banking is accelerating. Finastra’s recent Financial Services State of the Nation survey revealed that 27% of global financial institutions implemented or enhanced cloud solutions in the past year. In APAC, Vietnam (56%), Hong Kong (46%), and Singapore (44%) lead in cloud modernization efforts. These markets recognize that cloud capabilities and API-led technologies are vital for staying competitive.
As Finastra and NTT DATA deepen their alliance, they aim to modernize lending infrastructure across APAC and LATAM. Their expanded Lending Cloud Service promises modern, compliant, and scalable solutions tailored to the demands of today’s fast-paced financial markets, reinforcing Finastra’s leadership in managed services and commitment to cloud-native innovation.
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News Source: Prnewswire.com
