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Finzsoft signs $20M-plus deal with Datacom

Finzsoft signs $20M-plus deal with Datacom

The move will allow us to focus on core business of product development, says Andrew Holliday, Finzsoft managing director.

A deep product focus is the best way for us to continue to meet the growing demands of modern financial institutions around the globe

Andrew Holliday, Finzsoft

Finzsoft Solutions has extended its relationship with technology and services firm Datacom with the signing of a five-year, $20 million-plus deal.

This strategic alliance will see the fintech’s professional services division managed by Datacom.

The move will allow us to focus on core business of product development,says Andrew Holliday, Finzsoft managing director.

“The separation of Finzsoft’s core product development function from the professional services function will enable us to focus on strategic product development and delivering these to market,” says Holliday, in a statement.

“It also allows us to leverage Datacom’s market leading professional services arm to better align with the evolving needs of our customers.

“We believe that a deep product focus is the best way for Finzsoft to continue to meet the growing demands of modern financial institutions around the globe,” he adds.

The strategic alliance is a clear reflection of Datacom’s proposition of using technology and services to free our customers to focus on their core business and strategic activities, says Datacom Auckland director Vernon Kay.

"The fintech sector is growing exponentially, and with this new relationship with Finzsoft significantly enhances Datacom’s capability and capacity in this area. Financial services is a key growth area for us,” says Kay.

The alliance will see Finzsoft’s professional services team hired by Datacom, although customer contracts will remain with Finzsoft.

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