App enables financial institutions to build digital savings, investment and wealth management propositions at speed and scale

Nucoro, a London-based wealthtech provider today announced that its cloud-native platform is available for purchase through Finastra’s FusionStore. The retail platform enables banks, wealth managers, insurance firms and fintechs globally to benefit from an enhanced business model that drives up margins whilst delivering digital saving, investing and advice propositions to customers.

Going live on FusionStore marks the final stage of the app development journey for firms using Finastra’s open development cloud platform, FusionFabric.cloud. The FusionStore marketplace enables Finastra’s customers worldwide to access, test, purchase and deploy certified apps on top of Finastra core systems, helping them quickly realise the benefits and deliver added value to their customers.

Nucoro offers financial institutions a range of money management propositions from automated investing and stock trading through to digital wealth management which provides a fully automated experience for mass market users. The platform increases customer engagement, retention and revenue per customer, while attracting new customers through new digital propositions. Built on Finastra’s industry-leading core technologies and harnessing an extensive catalog of open APIs, the platform connects to Finastra’s Fusion Equation and Fusion Essence solutions for simple deployment, as well as faster integration and delivery. It uses cloud-native API-based technology and blueprints for configuration.

Lennart Asshoff, CEO, Nucoro said, “We are delighted to launch the Nucoro Platform on the FusionStore. Finastra’s expertise and reach within the financial services space allows us to distribute the platform to a global market and power our mission of enabling firms to leverage the potential of digital investment offerings. As more banks globally start to realise the opportunity in converting savers to investors, this partnership paves the way for an exciting future in investment technology.”

Philip Taliaferro, Head of Partner and Fintech Ecosystem, Finastra said, “We’re excited that Nucoro has joined our FusionFabric.cloud ecosystem with the launch of its app in our FusionStore. This milestone enables our customers to access innovative capabilities quickly and cost efficiently, to extend their offerings and provide better customer experience. The Nucoro solution will help drive investing opportunities for traditional retail banking customers, presenting exciting growth opportunities for our customers and investing opportunities for individuals. We are pleased to welcome Nucoro onboard.”

Using Finastra’s open APIs, developers can create solutions that address business challenges across the financial services spectrum, including retail banking, payments, transaction banking, corporate banking, lending, treasury and capital markets.