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Finastra
3.8
based on 502 Reviews
Video summary
Company Overview
Company Locations
Working at Finastra
Company Summary
Finastra is one of the largest fintech companies in the world, offering the broadest portfolio of solutions for financial institutions of all sizes.
Overall Rating
3.8/5
based on 502 reviews
3% above
industry average
Highly rated for
Work-life balance, Company culture
Critically rated for
Promotions
Work Policy
Hybrid
77% employees reported
Monday to Friday
95% employees reported
Flexible timing
87% employees reported
No travel
78% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
51 employees reported
Cafeteria
48 employees reported
Job/Soft skill training
45 employees reported
Office cab/shuttle
16 employees reported
View all benefits
About Finastra
Founded in2017 (8 yrs old)
India Employee Count1k-5k
Global Employee Count10k-50k
HeadquartersPaddington, London, United States (USA)
Office Locations
London
|
Websitefinastra.com
Primary Industry
Other Industries
View in video summary
At Finastra, we are a dynamic global provider of open finance software solutions, dedicated to expanding access to financial services. Since our launch in 2017, we've been on a mission to revolutionize the financial world with cutting-edge software and strategic partnerships.
Mission: Our team members are the heartbeat of our organization, and we pride ourselves on creating an environment that fuels career development, innovation and growth. Are you a recent graduate eager to make your mark, or an experienced professional ready for your next big challenge? At Finastra, you will play a pivotal role in developing and launching software solutions that will keep us at the forefront of FinTech industry.
Vision: We're passionate about fostering a culture of continuous learning and development. Imagine having access to a treasure trove of training programs and resources designed to sharpen your skills and keep you ahead in the exhilarating world of FinTech. Whether you're looking to become an expert in a niche area or excited to explore new career paths, we've got the support and opportunities you need to achieve your dreams.
Our career development initiatives are anything but ordinary. Think mentorship programs with industry leaders, transformative leadership training, and pathways to earning coveted industry certifications. We believe in growing talent from within and know that by investing in your growth, we're empowering you to soar to new heights and make a real impact at Finastra.
Finastra Ratings
based on 502 reviews
Overall Rating
3.8/5
How AmbitionBox ratings work?
5
170
4
162
3
86
2
26
1
58
Category Ratings
4.0
Work-life balance
3.8
Company culture
3.6
Salary
3.5
Skill development
3.5
Work satisfaction
3.4
Job security
3.1
Promotions
Finastra is rated 3.8 out of 5 stars on AmbitionBox, based on 502 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Finastra
based on 482 reviews
3.8
Rated by 150 Women
Rated 3.9 for Company culture and 3.8 for Work-life balance
3.8
Rated by 332 Men
Rated 4.0 for Work-life balance and 3.8 for Company culture
Work Policy at Finastra
based on 61 reviews in last 6 months
Hybrid
77%
Permanent work from home
20%
Work from office
3%
Finastra Reviews
Top mentions in Finastra Reviews
+ 5 more
Compare Finastra with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.8/5 based on 502 reviews | 3.5/5 based on 512 reviews | 3.2/5 based on 830 reviews | 3.9/5 based on 5.5k reviews |
Highly Rated for | Work-life balance Company culture | Job security | No highly rated category | Work-life balance Job security Company culture |
Critically Rated for | Promotions | Work satisfaction Work-life balance Promotions | Promotions Company culture Work satisfaction | Promotions |
Primary Work Policy | Hybrid 77% employees reported | Work from office 60% employees reported | Hybrid 83% employees reported | Hybrid 71% employees reported |
Rating by Women Employees | 3.8 Good rated by 150 women | 3.3 Average rated by 120 women | 3.2 Average rated by 238 women | 3.9 Good rated by 1.3k women |
Rating by Men Employees | 3.8 Good rated by 332 men | 3.5 Good rated by 357 men | 3.2 Average rated by 510 men | 3.9 Good rated by 3.9k men |
Job security | 3.4 Average | 3.9 Good | 3.1 Average | 3.8 Good |
View more
Finastra Salaries
Finastra salaries have received with an average score of 3.6 out of 5 by 502 employees.
Software Engineer
(324 salaries)
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₹5.4 L/yr - ₹16.7 L/yr
Senior Software Engineer
(319 salaries)
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₹9.3 L/yr - ₹30 L/yr
Associate Software Engineer
(165 salaries)
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₹5 L/yr - ₹10 L/yr
Senior QA Engineer
(90 salaries)
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₹7 L/yr - ₹24.2 L/yr
QA Engineer
(88 salaries)
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₹5.5 L/yr - ₹11.5 L/yr
Expert Software Engineer
(86 salaries)
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₹14 L/yr - ₹40 L/yr
Senior Technical Consultant
(68 salaries)
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₹8 L/yr - ₹21 L/yr
Software Developer
(55 salaries)
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₹6 L/yr - ₹19.6 L/yr
Senior Business Consultant
(53 salaries)
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₹12.9 L/yr - ₹28 L/yr
Senior Systems Engineer
(46 salaries)
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₹6.6 L/yr - ₹20.5 L/yr
Finastra Interview Questions
Interview questions by designation
Top Finastra interview questions and answers
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Finastra Jobs
Popular Designations Finastra Hires for
Senior Technical Consultant
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Senior Network Engineer
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Senior Network Security Engineer
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Senior Sales Executive
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Senior Project Manager
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Enterprise Architect
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Senior Business Consultant
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Senior Operations Analyst
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IT Auditor
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Popular Skills Finastra Hires for
Finastra News
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The Unseen Threats: How FinTechs Can Safeguard Their Future with Robust Cybersecurity
- The rise of FinTechs in the finance industry has brought innovative digital solutions but also increased cybersecurity risks.
- The financial sector, especially FinTech firms, faces significant cyber threats and breaches, with breaches costing millions.
- Examples like Finastra, Equifax, and Flagstar Bank highlight the severe consequences of data breaches in the financial industry.
- Money laundering via cryptocurrency platforms poses a significant threat to FinTechs, emphasizing the need for robust security measures.
- Challenges for FinTechs include protecting vast amounts of sensitive data, combating evolving cyber threats, and ensuring regulatory compliance.
- Essential security measures like data encryption, multi-factor authentication, and data masking are crucial for safeguarding user data in FinTech applications.
- Implementing robust data encryption using technologies like AES and secure key management systems is vital for protecting sensitive information.
- Multi-factor authentication adds an extra layer of security by requiring multiple forms of verification for user identity.
- Data masking and tokenization techniques provide additional security layers to safeguard customer data during transactions.
- To prevent fraud, FinTechs are advised to leverage AI/ML tools for fraud detection and implement secure SDKs and APIs in mobile payment systems.
Hackernoon | 6 Mar, 2025
Finastra and i2c Launch Payment Issuance Partnership for Banks and CUs
- Finastra and i2c have launched a partnership to bring payment issuance solutions to North American banks and credit unions
- The collaboration will give Finastra's customers access to i2c's card processing and value-added services
- Clients that move their processing to i2c will be able to offer popular digital wallets such as Apple Pay, Google Pay, and Samsung Pay
- The partnership is expected to expand in the coming months as digital wallets gain traction with consumers
Pymnts | 6 Mar, 2025
Redefining Finance for Good: Raja Vasudevan on What Makes People Stay at Finastra
- India's fintech sector is on track to reach a market value of $150 billion by 2025, fueled by digital financial services and growth in Global Capability Centers (GCCs). Finastra is leading in nurturing fintech talent amidst high demand.
- Finastra focuses on skill-based hiring, workforce planning, and internal talent development to drive innovation and reshape finance.
- Challenges in talent acquisition include the quality of talent supply and the need for industry-university collaborations for relevant skill preparation.
- Finastra prioritizes upskilling, reskilling, flexible work culture, and career growth for talent retention.
- Finastra supports smaller financial institutions by providing advanced technology solutions to enable innovation and reduce investment burdens.
- The demand for AI and cybersecurity skills has surged in the fintech industry, influencing recruitment strategies.
- Finastra focuses on modernizing products while ensuring a seamless customer experience through a balanced approach.
- Organizations, including Finastra, are shifting towards skills-based hiring and upskilling, moving away from rigid educational requirements.
- Raja Vasudevan emphasizes the need for increased investment in academic partnerships and research to enhance India's standing as a global GCC hub.
All Things Talent | 17 Feb, 2025
Finastra Launches Assist.AI: Nurturing the Next Wave of Trade Finance Experts
- Finastra has launched its AI-powered assistant, Assist.AI, to address the diminishing knowledge base in the trade finance industry.
- Assist.AI uses prompt-based assistance and Microsoft Copilot technology to provide instant and accurate answers to trade finance-related questions.
- It enables users to access support anytime, automates routine inquiries, and learns and adapts based on interactions for continuous improvement.
- The collaboration between Finastra and Microsoft aims to enhance operational efficiency and user experience in the trade finance industry.
The Fintech Times | 10 Feb, 2025
Finastra simplifies trade finance with AI-powered assistant using Microsoft Azure OpenAI Service
- Finastra has launched Assist.AI, an AI-powered assistant for trade finance, utilizing Microsoft Azure OpenAI Service.
- Assist.AI aims to bridge the knowledge gap within the trade finance industry and provide users with instant, accurate, and context-aware assistance.
- The tool offers prompt-based assistance, allowing users to ask specific questions related to trade processes and receive precise answers from relevant resources.
- Assist.AI enhances user support, ensures 24/7 availability, and continuously improves responses through learning and adaptation.
Global Fintech Series | 10 Feb, 2025
Finastra Introduces Azure OpenAI Service to Improve Trade Finance Operations
- Finastra has launched Assist.AI, an AI-powered assistant designed to enhance trade finance operations within its Trade Innovation solution.
- The tool, built on Microsoft Azure OpenAI Service, provides instant, accurate, and context-aware support to address the knowledge gap in the trade finance industry.
- Assist.AI offers prompt-based assistance, allowing users to ask specific questions about trade processes and receive precise answers without navigating extensive documentation.
- The tool continuously learns and improves based on user interactions, enhancing response accuracy over time.
Fintechnews | 10 Feb, 2025
Revamping Trade Finance: Q&A With Finastra’s Anastasia McAlpine
- Finastra prioritizes innovation and collaboration in trade finance industry.
- Finastra invests in optimizing processes and leveraging advanced technologies like AI.
- Trade Innovation enhances bank productivity by streamlining operations and reducing costs.
- Finastra is a recognized leader in trade finance, supporting over 200 banks globally.
Global Finance Magazine | 5 Feb, 2025
Finastra Announces Leadership Transition: Welcoming Chris Walters as New CEO
- Finastra announces a leadership transition, with Chris Walters joining as the new CEO.
- Chris Walters brings extensive experience from senior executive leadership positions.
- Under Simon Paris's leadership, Finastra achieved remarkable milestones.
- During the transition period, Simon and Chris will work closely together for a smooth handover.
Global Fintech Series | 7 Jan, 2025
Finastra CEO Simon Paris Steps Down, Chris Walters to Take Over
- Financial services software provider Finastra has announced that CEO Simon Paris is stepping down, and Chris Walters will take over.
- Chris Walters brings extensive experience from previous roles, including CEO of Pluralsight and Avantax.
- Under Simon Paris' leadership, Finastra achieved significant milestones, expanding its reach to over 8,000 clients across 130 countries.
- Chris and Simon will work closely during the transition to ensure continuity.
Fintechnews | 7 Jan, 2025
Finastra Confirms Breach Amid Hacker’s 400GB Data Theft Claim
- Finastra, a major financial software provider, has confirmed a data breach after a hacker claimed to have stolen 400GB of data from the company.
- The hacker offered the stolen data for sale on a cybercrime forum, including sensitive client files and internal Finastra documents.
- Finastra detected suspicious activity on November 7th within its internally hosted Secure File Transfer Platform (SFTP), but the exact number of affected customers and the nature of compromised data is still unknown.
- The breach may have resulted from compromised user credentials, and Finastra's investigation into the incident is ongoing.
Fintechnews | 25 Nov, 2024
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Finastra FAQs
When was Finastra founded?
Finastra was founded in 2017. The company has been operating for 8 years primarily in the Software Product sector.
Where is the Finastra headquarters located?
Finastra is headquartered in Paddington, London and has an office in Bangalore / Bengaluru
How many employees does Finastra have in India?
Finastra currently has more than 3,200+ employees in India. Engineering - Software & QA department appears to have the highest employee count in Finastra based on the number of reviews submitted on AmbitionBox.
Does Finastra have good work-life balance?
Finastra has a work-life balance rating of 4.0 out of 5 based on 500+ employee reviews on AmbitionBox. 66% employees rated Finastra 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. We encourage you to read Finastra work-life balance reviews for more details
Is Finastra good for career growth?
Career growth at Finastra is rated as moderate, with a promotions and appraisal rating of 3.1. 34% employees rated Finastra 3 or below, while 66% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Finastra promotions/appraisals reviews for more detailed insights.
What are the pros and cons of working in Finastra?
Working at Finastra comes with several advantages and disadvantages. It is highly rated for work life balance and company culture. However, it is poorly rated for promotions / appraisal, based on 500+ employee reviews on AmbitionBox.
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