Finnova and Wyden start a partnership for crypto banking
Issuer: Wyden / Keywords: Alliance/Cryptocurrency / Blockchain
30/03/2023 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
Finnova and Wyden start a partnership for crypto banking
Banking software provider Finnova and Wyden, a technology provider in institutional trading of digital assets, are joining forces to offer financial institutions a fully integrated solution for trading and custody of digital assets.
Lenzburg/Zurich, March 30, 2023 – Finnova, a leading provider of banking software in Switzerland, and Wyden, a leading worldwide provider of institutional trading technology for digital assets, are becoming partners. The partnership between Finnova and Wyden enables banks to process digital asset trades and settlements via ecosystem partners. This is achieved as a result of seamless integration into Finnova’s core banking system and complete automation of the entire trading cycle. Finnova and Wyden can thus offer an unprecedented degree of integration. The solution makes it easier for banks to set up and scale a digital asset banking strategy.
New opportunities for banks in trading crypto assets
The Finnova community includes over 100 banks in Switzerland and the Principality of Liechtenstein. Finnova and Wyden provide these banks with the basis for launching their own offers for trading in digital assets via E-Banking, Mobile Banking and Advisor Workbench. Wyden’s crypto banking platform enables market-wide connectivity for secure trading with exchanges, brokers and OTC desks, while minimizing counterparty, operational and market timing risks.
With the Finnova Standard API for crypto settlements, additional ecosystem partners can be connected to the Finnova Banking Software in a standardized way. This underlines the continuous opening of Finnova Banking Software and the expansion of the Finnova ecosystem to innovative partners in digital assets.
Industry-wide benchmark in automation and risk management
“Together with Wyden, we want to take the industrialization of digital asset processes to a new level, thus enabling the entire Finnova community to position itself in the context of digital assets and launch new offers on the market,” says Ante Plazibat, head of PM Digital Assets at Finnova.
“With our software solution, we offer an unprecedented degree of process automation, risk management and integration in institutional crypto trading. The partnership between Wyden and Finnova sets an industry-wide standard that drives institutional alignment,” explains Andy Flury, CEO of Wyden.
About Finnova
Since 1974, Finnova has stood for innovative banking solutions – in development, operation and consultancy. With Finnova Banking Software, the Finnova community can reap the benefits of a high-performance and reliable banking platform, which can be used end-to-end for different business models thanks to the wide range of functions, resulting in an attractive total cost. of ownership. The Finnova platform is open to third-party applications, so that banks can differentiate themselves on the market in the age of digitalisation. Finnova also offers full flexibility when it comes to choosing the most appropriate operating model for the bank, whether it is individual installation, multi-tenant installation or BPO services, supported by the chosen operating partner. For more information about Finnova, please contact [email protected] or visit www.finnova.com.
About Wyden
Wyden is the global leader in institutional digital asset trading technology. By covering the entire trading lifecycle and supporting seamless custody, core banking and portfolio management system integration as well as full trading lifecycle automation, the Wyden platform streamlines digital asset trading. Engineered by a team of trading system veterans and crypto asset experts, Wyden offers best-in-class integrated infrastructure solutions that meet the highest institutional needs. Wyden has offices in Zurich, New York and Singapore.
To learn more visit www.wyden.io.
Media contacts
Finnova
Urs Kirchgessner
Communication, marketing and branding
+41 62 886 48 83
[email protected]
Wyden
Felix Sable
Marketing manager
+41 78 805 44 94
[email protected]
Contact Financial and Business Press Germany
edicto GmbH
Ralf Droz / Sönke Knop
+49 (0) 69 90 55 05-54
[email protected]
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