The Financial Technology Alliance (Fintall) was founded with a vision to transform how financial services technology is developed, deployed, and maintained.

We see the opportunity with modern architecture and AI technology to lower costs. However, the industry has a number of challenges related to aging technology of some core systems.

We believe that by leveraging cloud computing, microservices, and AI-driven automation, we can create a more efficient and cost-effective technology landscape.

Our target legacy systems are those that are not commercially attractive to modernize as expensive due to limited end-user customer base. For these systems, commercial software companies can be challenged at whether investment into their legacy architecture systems is viable.

We reviewed the situation and how we could make a difference.

Our approach is to offer a new model of supply, where we offer a service to build and support the modern software solutions for this category of system on a shared cost basis.

This model affords us to attract the best expertise in the market and build systems to accelerate the adoption of these technologies in the industry.

To pilot this approach, we are starting with Global Transfer Agent systems for Mutual Funds, as the fully featured commercial systems available are over 20 years old with increasing costs.