Finastra & NTT DATA expand lending cloud support in MAAP, LATAM
Finastra has expanded its partnership with NTT DATA to support the delivery of managed services for financial institutions in the MAAP and LATAM regions through its Lending Cloud Service.
The enhanced collaboration will see NTT DATA take responsibility for application lifecycle management of Finastra's Lending Cloud Service, with a focus on increasing scalability, standardisation, and operational efficiency across the platform. Financial institutions across the two regions are expected to benefit from faster deployments, greater automation, and a more flexible lending environment.
Cloud deployment
Under this partnership arrangement, NTT DATA will oversee ongoing management of the cloud-based lending solution's application lifecycle. By leveraging its experience in large-scale financial services projects, NTT DATA aims to accelerate Finastra's client onboarding and provide increased operational resilience for banks in these rapidly changing markets.
"This is a natural evolution of our relationship with NTT DATA, a partner that deeply understands our technology landscape and shares our vision for delivering world-class, cloud-based lending services," said Andrew Bateman, EVP for Lending at Finastra. "By partnering with a company familiar with our architecture and operating models, we can accelerate client onboarding and provide a resilient, high-performing service."
David Gold, Vice President for Cloud Services and IT Modernization at NTT DATA, also commented on the development:
"We are proud to extend our partnership with Finastra as part of a broader strategic vision. Our experience in large-scale financial environments positions us well to help Finastra deliver highly automated, reliable cloud services to banks across these regions. This partnership brings together innovation and operational excellence to transform the banking experience."
Capabilities and expansion
The newly developed solution incorporates integrated tools to track, report on, and meet service-level commitments, adding both transparency and accountability. In addition to the operational aspects, the partnership marks a strategic opportunity for NTT DATA to broaden its suite of solutions for financial services clients. A joint commercial strategy has been initiated to scale the offering and reach new customers in the financial industry.
Regional focus
The collaboration comes at a time when the financial services sector in APAC is seeing a significant acceleration in cloud adoption. According to Finastra's Financial Services State of the Nation survey, 27% of financial institutions worldwide have enhanced or adopted cloud solutions over the past year. Among APAC countries, Vietnam (56%), Hong Kong (46%), and Singapore (44%) lead in modernisation efforts, underscoring the central role of cloud and API-led technologies in staying competitive.
For these markets, strengthening cloud infrastructure and improving digital service delivery are considered necessary to adapt to evolving market conditions and regulatory requirements. The expanded partnership between Finastra and NTT DATA is set to address these needs by providing compliant, scalable solutions tailored for local contexts.
Future aims
As Finastra and NTT DATA deepen their integration, both companies intend to deliver lending solutions that align with the demands of modern banking. The expanded partnership is positioned to reinforce managed service capabilities while focusing on improving agility and speed for financial institutions moving to the cloud.
By combining NTT DATA's IT infrastructure expertise with Finastra's lending technology, the collaboration is designed to assist banks in navigating the shift to digital platforms, supporting regulatory compliance and operational efficiency in the MAAP and LATAM regions.