Partnership will enable ASL to offer Finastra’s Kondor solution as part of a comprehensive unified service to financial institutions

News Release – September 28 2022

Hong Kong / Macau – September 28, 2022 – ASL (HKEX stock code: 771), a leading global IT solutions and services provider, has partnered with Finastra, a global provider of financial software applications and marketplaces, to deploy Finastra’s Kondor treasury and capital markets solution in Hong Kong and Macau. The partnership will help fuel banks’ trading operations by combining ASL’s professional experience in application development (Dev), cybersecurity (Sec), round-the-clock omni-channel managed services (Ops) with Finastra’s best of breed trading system.

“This partnership puts ASL’s unified DevSecOps services and Finastra’s industry-leading treasury solution under one roof, aligning with our mission to provide innovative and comprehensive IT services and solutions through the adoption of leading-edge global technology,” said Teresa Lau, Senior Vice President, Automated Systems (H.K.) Ltd. and General Manager, CSA Automated (Macau) Ltd. “This is ASL’s strategic breakthrough into financial services with industry-specific solution collaboration, so we are keen to have a trusted partner with broad and deep knowledge and experience in financial services technology. Together with Finastra we look forward to helping banks drive digital transformation through a comprehensive Open Banking offering that is backed by our heritage in app development, cybersecurity and operational support.”

Kondor enables financial institutions to trade high volumes of treasury while offering the flexibility to support more complex derivatives, options, and structured trades. The solution can be easily integrated with existing systems and application, enabling simplification, lowering costs and creating a single source of truth – all while ensuring that the organization remains compliant.

“Finastra has been proud to work with banks and financial institutions in Hong Kong and Macau for many years. Now, the combination of ASL’s reach in these markets and distinguished track record in DevSecOps mean that we will be able to help even more organizations to digitally transform and better meet the needs of their customers,” said Edward Sweigart, Vice President, Global Partner Ecosystem, Finastra. “We are extremely pleased to be ASL’s first core application software partner in the financial services industry and we look forward to working closely with them to provide a unique, unified treasury software offering.”

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