KSUM Signs LoI with Fintech Major Finastra

THIRUVANANTHAPURAM:
Kerala Startup Mission (KSUM) has signed a Letter of Intent (LoI) with the UK-based fintech major Finastra, to build a partnership that will enable Kerala-based startups to tap the growing demand for technology and solutions by financial services across the world.

The LoI was signed between KSUM CEO Dr Saji Gopinath and Finastra India Country Head Mehjabeen Poonawala at Technopark here. The pact is aimed at creating an open innovation ecosystem that unlocks potential of fintech startups and cocreate solutions for the future financial service.

The collaboration will bring deep expertise and an unrivalled range of pre-integrated solutions spanning retail banking, transaction banking, lending, and treasury and capital markets.

Syam SK, Finastra Centre Head, Thiruvananthapuram; Krishnakumar, HR Head, Finastra, Binish Moulana, Cloud Architect, Finastra; Arun Viswanath, Innovation In-Charge, Finastra; Ashok Kurian Panjikaran, Manager, Business Development, KSUM; and Dhanaj, Assistant Manager, Startup Accelerator, KSUM, were also present on the occasion.

With a global footprint and the broadest set of financial software solutions available on the market, Finastra has $1.9 billion in revenues, 10,000 employees and over 9,000 customers, including 90 of the top 100 banks globally. The nodal agency of the Government of Kerala to create a robust startup ecosystem in the state, KSUM has been supporting the startups at different stages of their entrepreneurial journey based on their maturity from ideation to productization and scaling up of the startup venture.