Finastra and Liquid forge a crypto pact

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Finastra and Liquid today announced their intention to make Liquid’s Quick Exchange (QEX) application available through Finastra’s open development platform and application store, FusionFabric.cloud.

Through integration with Finastra’s core Fusion Essence banking solution, QEX will enable banks to respond to the growing interest in cryptocurrency by offering services including purchase, exchange and payments.

QEX provides bank customers with access to over 150 cryptocurrencies, enabling them to buy and trade instantly in a simple, fast and secure way. Customers benefit from Liquid’s highly competitive pricing structure and the platform provides flexibility to traders, offering low minimum order requirements and the ability to lock in trading rates for up to two minutes. The platform can easily be integrated with Finastra’s Fusion Essence core banking solution through open APIs and its low friction KYC process helps banks keep their customers in their ecosystem. This means that customers can access the booming crypto market without leaving their familiar and trusted banking environment.

“Interest in cryptocurrency investments is growing and forward-thinking banks are looking to meet this demand to gain a competitive advantage. With QEX, banks can enter the market faster and deliver reliable services based on proven technology, ”said Mike Kayamori, CEO of Liquid. “The availability of QEX on FusionFabric.cloud means that hundreds of banks around the world will be able to present crypto services to their customers quickly and transparently. The Fusion Essence core banking solution also offers many benefits, such as valuable data and analytical capabilities, making Finastra the perfect partner for us to help more banks enter the crypto space.

“More and more people are withdrawing their fiat currency from banks and investing it in crypto assets. Rather than just losing that capital, QEX offers banks the ability to benefit from these transactions and even capture new account holders, ”said Eli Rosner, Director of Products and Technology at Finastra. “QEX also enables banks to leverage the trusted brands and relationships they have established over the years to offer crypto services in a familiar environment, creating the exciting potential to capture the activity of curious investors. but careful. As an ecosystem orchestrator, we aim to bring together partners to meet customer needs, so we look forward to working with Liquid to drive the expansion of accessible cryptocurrency services in retail banking.

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