Financial services software and cloud solutions provider Finastra has established a new Center of Excellence (COE) at Malaysia’s MRANTI Technology Park.
MRANTI Park, located at Bukit Jalil in Kuala Lumpur, is a hub for technology innovation, commercial adoption, and scientific excellence.
With this move, Finastra aims to expand its Asia Pacific footprint as well as further contribute to the local economy and promote Science, Technology, Engineering, the Arts, and Mathematics (STEAM) careers in the region.
Additionally, Finastra will also benefit from MRANTI’s integrated infrastructure and services by tapping into the local IT talent, including from nearby universities and the growing startup technology community.
Finastra said that the new COE will champion its Lending, Universal Banking, Payments and Treasury as well as Capital Markets software solutions across the region.
The move is supported by Finastra’s investor, Vista Equity Partners, a global investment firm focused on enterprise software that has over a dozen companies active in Malaysia.
Simon Paris, CEO at Finastra said,
“Growth in Asia Pacific is one of our company’s key strategic commitments and opening a Center of Excellence in Kuala Lumpur is an important milestone to help us achieve this goal.
This site is a hub for technology innovation and MRANTI’s desire to act as a connector, incubator, and catalyst to transform ideas from early-stage ideation to impact complements our collaborative mantra to drive innovation and technology acceleration around digital trade, digital finance and acceleration to cloud, in line with government initiatives around digitalisation there.”
Dzuleira Abu Bakar, Chief Executive Officer of MRANTI said,
“We are excited that a leading fintech company like Finastra is joining our growing community and look forward to supporting local tech innovation to transform our nations’ technology landscape.”