The new funding will be focused on expansion efforts and growing iSTOX’s investment offerings. Singapore-headquartered digital securities platform iSTOX has closed its Series A fundraise at US$50 million, the company announced in a statement yesterday. With the close, the company welcomes four [...]
Finastra has established a new office space at Cyberport in Hong Kong as part of an evolution of its workplace strategy. This strategic move will place Finastra at the heart of Hong Kong’s fintech community, enabling it to build relationships with new and existing partners and facilitating innovative co-creation.
Eric Duffaut, President and Global Head of Customer Operations, Finastra said, “Cyberport brings together a growing community of fintech investors and startups. By placing ourselves at the heart of this community, we see an opportunity to further our relationships and invite more fintechs to co-create innovative solutions together with us and our growing ecosystem. As workplace flexibility is emerging as the new norm at Finastra and we ensure our facilities meet the needs of our people, customers, partners and our business as a whole, this space reflects our intention to empower our colleagues with the freedom to adapt their working environments to suit their individual requirements and personal working style.”
“As the Hong Kong Government continues to place itself firmly on the global stage as a leading fintech hub, it’s great to see Finastra supporting the development of this industry in the region alongside Cyberport,” said Dr. George Lam, Chairman of Cyberport. “Finastra strives for promoting and facilitating fintech innovation and technology adoption in the financial services industry by collaboration with fintech start-ups. The Cyberport ecosystem is a key part of the government’s fintech strategy and offers the perfect ambience for Finastra to explore and seize opportunities with our 400 fintech start-ups which form the largest fintech cluster in town. I am looking forward to seeing Finastra bringing these innovative Cyberport start-ups to the international stage with its global network, and helping Hong Kong to strengthen its leading position in the fintech sector.”
“Vista is thrilled to support Finastra’s continued efforts to invest in the growing fintech sector across the Greater Bay Area and China more broadly,” said Robert F. Smith, Founder, Chairman & CEO of Vista Equity Partners, owners of Finastra. “We applaud the introduction of the Hong Kong Monetary Authority’s Open Banking API Framework as an outstanding example of the efforts being made by the Hong Kong Government to become a leading fintech hub in Asia. Vista looks forward to investing in digital transformation in the Greater Bay Area and supporting China as it opens its financial sector. We look forward to continuing to evolve and transform the financial sector out of Finastra’s new home at the iconic Cyberport.”