ASL accelerates growth in fintech arena with Finastra

PRNewswireAugust 8, 20236 min

ASL boosts services offering in Hong Kong and Macau with exclusive partnership to offer Kondor treasury solution in managed service model

Automated Systems Holdings Limited (ASL) (771.HK), a leading global IT solutions and services provider, has strategically partnered with Finastra, a global provider of financial software applications and marketplaces, to bolster its industry-specific DevSecOps business and strengthen its fintech trajectory.

Under this partnership, ASL has become the sole authorized service provider for Finastra’s Kondor solution in Hong Kong and Macau. As ASL continues to build its industry specialization this collaboration enables ASL to provide managed services to financial institutions investing in Kondor, Finastra’s comprehensive off-the-shelf front-to-back risk treasury solution. With ASL’s expertise in application development (Dev), cybersecurity (Sec) and 24/7 omni channel managed services (Ops), the partnership ensures the seamless integration and smooth operation of Kondor for clients.

Amid favorable fintech policies, including the Chinese government’s Fintech Development Plan (2022-2025) and the Hong Kong Monetary Authority’s Fintech 2025 strategy, ASL is well-positioned to reinforce its strong presence in the fintech sector. With Hong Kong being one of the Asia Pacific region’s key fintech hubs, this partnership enables ASL to expand its reach and venture into the Greater Bay Area. The partnership, integrating Finastra’s Kondor system with ASL’s managed services, marks a promising milestone in the evolution of fintech and Open Banking sectors.

Wang Yueou, Executive Director and Chief Executive Officer of Automated Systems Holdings Limited, said: “Industry focus has been a pivotal business strategy for ASL. This partnership not only enhances our unified service in the fintech sector but also lays a solid foundation for providing industry-as-a-service. Our extensive DevSecOps IT managed services cover fintech organizations’ needs throughout the entire IT lifecycle, in on-premise, hybrid, and multi-cloud environments. We are committed to investing in our clients’ businesses, as always.”

Richard Zhu, Managing Director, APAC, Treasury and Capital Markets, Finastra, said: “We are thrilled to partner with ASL, a company known for its deep industry expertise and commitment to client success. Kondor is a best of breed trading system that meets the growing need for more sophisticated treasury solutions, and we believe this collaboration will foster even greater innovation and efficiency in Hong Kong and Macau’s financial sectors, reflecting the shared vision of both Finastra and ASL.”

For over two decades, ASL has harnessed the power of technology to deliver end-to-end IT managed services with industry-specific focus, driving businesses in Asia Pacific and managing over 160,000 devices and 220,000 users globally. ASL’s service record, boasting a customer base with an average trust span of 7 years, includes more than 60% listed companies, among which are globally recognized names, including a Fortune 500 company. The strength of ASL lies in its experience, maturity model, AI-powered platforms – Unified Operation Center, Security Operation Centers and Service Center, and a holistic approach that combines people, processes, and technology to deliver innovative, secure, and reliable IT services.

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