Fujitsu Unveils Finplex to Bring Digital Transformation and Business Solutions into Financial Sector

TOKYO, JP: FUJITSU, a provider of information technology and communication solutions, offers a precise way to provide financial solutions known as ‘Finplex’. The latest announcement is based on Fujitsu Digital Business Platform MetaArc.

Finplex will offer APIs (application program interface) for finance related services. These APIs will enable customers to create and quickly deploy new financial services. Fujitsu further plans to build out Finplex to help financial institutions make their operations run more efficiently and to create innovative services by collaborating with companies in other industries, and to provide solutions that bring long-term business growth to its customers in the financial sector.

In recent times, industries have witnessed advancements in digital technologies. It has grown rapidly in fields such as mobile, cloud computing, big data, artificial intelligence, and social networking.

Financial institutions are seeking to enhance the value of the role they play as indispensable partners in the economic activities and the everyday lives of their customers. To that end, they are stepping up efforts to create new value for their customers and to provide innovative services to attract new business, all while maintaining the safe and trustworthy financial services.

Fujitsu has targeted the needs of financial institutions that offer financial services, mainly by providing solutions in the systems-of-record (SoR) area. Presently, Fujitsu, while maintaining the high levels of reliability of its SoR solutions, will offer solutions in the systems-of-engagement (SoE) area, responding to the needs of users of financial services. Furthermore, the company will help financial institutions create new value by creating connections between businesses using FUJITSU Knowledge Integration, which transcends the boundaries between businesses and sectors. The financial solutions designed for that purpose will now be offered as Finplex solutions.

See Also: Financial Services Review 

Finplex will help Fujitsu to systematize its solutions in advancing digital transformation in financial solutions. Various applications provided by Finplex are:

Offers range of APIs for finance-related services, streamlines system development and accelerates cross-industry collaboration

Finplex provides a variety of APIs for financial field businesses and services. Furthermore, customers can combine different APIs, and while quickly creating proofs of concept and proofs of business, can easily co-create innovative services, at low cost, in collaboration with fintech companies or companies in other industries.

Easy selection from MetaArc-based prepared solutions that fit goals and speed service

Finplex is built on MetaArc to provide a SaaS, PaaS, solutions packages, and applications foundation. This makes it easy for customers to assemble combinations of solutions that meet their needs in terms of business goals, business plans, budgets, and product and service offerings at any particular time. With only minimal system development, business processes are faster and more efficient for the implementation of new services.

Allows for hybrid operations that combine existing on-premise systems and cloud services

Customers are not obliged to implement their entire systems on MetaArc. They can also use hybrid operations that combine with their existing on-premise systems. So, for example, they could use their existing on-premise system for SoR operations, with their SoE operations running with Finplex on MetaArc. These two connect seamlessly for efficient, integrated operations.

Check out: Financial Tech Review