Teciem has launched today as an independent company, following the acquisition of Finastra’s Treasury and Capital Markets (TCM) division by the Apax Funds.
The investment will support product development and the growth of its 1,300-strong team, including all senior leaders who are moving from Finastra.
From its first day, Teciem serves more than 340 financial institutions, including 70 of the world’s top 100 banks.
Its software portfolio, including Kondor, Summit, Opics, Sophis, Fusion Risk and Fusion Invest, covers treasury, capital markets, risk management, regulatory compliance, and investment management operations.
Headquartered in London, Teciem is led by CEO Wissam Khoury, who brings 25 years of experience in fintech.
Having served as EVP of Finastra’s TCM unit for four years, Khoury built the leadership team and prepared the business for its transition.
“As a standalone business dedicated to providing industry-leading treasury and capital markets software and services, Teciem is focused on delivering excellence and accelerating innovation across our product portfolio,”
said Khoury.
“With the backing of Apax and their expertise in supporting technology businesses, we’ll be investing further in product development and technology, delivering even greater value to our customers.”
Featured image credit: Edited by Fintech News Switzerland, based on image by lifeforstock via Freepik
