Commercial Terms
Developer Registration
Developer registration is free for both fintech companies and financial institutions that onboard FusionFabric.cloud.
Access Due Diligence
In order to provide the highest possible standards, Finastra will perform due diligence on your registration before granting you with access. This check may vary depending on responses.
Fintech Companies Terms - Revenue Sharing Model
Security Review
For the security review apps fall into two categories:
- Level 1 - Reads financial data.
- Level 2 - Updates financial data or accesses Personally Identifiable Information (PII).
Finastra requires, at a minimum, an annual standard validation bucket for apps that fall into level 1, and an annual advanced validation for apps in level 2. For the most up-to-date information regarding the cost of validation procedure, please contact with platformsupport@finastra.com.
Release Validation
Each time you submit a new release of your app, a release validation process takes place, to obtain details about the associated cost, please contact: platformsupport@finastra.com.
Financial Institutions Terms - Innovation Platform
Financial institutions may use FusionFabric.cloud to internally develop apps and use them with their own tenants, thus using FusionFabric.cloud as their own innovation platform.
The pricing model in this case is based on a monthly usage fee plus API call charges, where applicable, if the financial institution uses the apps in production tenant.
For the most up-to-date information regarding the prices of API usage, please contact with platformsupport@finastra.com.
Note that access to the Sandbox tenant is free and unlimited for any number of applications. However, the API consumption is limited to a fair usage policy.
Datasets Pricing
If your app subscribes to datasets, in addition to the revenue share model detailed in the previous section, additional fees apply based on the datasets volumes.
These fees apply to the financial institution that shares the datasets to your app, and are bucketed to size and update frequency.
For the most up-to-date information regarding the prices of Dataset usage, please contact with platformsupport@finastra.com.
Datasets pricing includes a data ingestion tool for use by the financial institution. The data ingestion setup process is completed one time as part of uploading the sample dataset. Once the setup process is complete, the financial institution will execute data ingestion from their system to FusionFabric.cloud at their desired frequency (quarterly, monthly, weekly, daily).
The data ingestion solution is an ETL (Extract-Transform-Load) software that:
- Extracts the data from the core system.
- Transforms the data into the target data format (JSON, FusionFabric.cloud dataset).
- Loads the data into the FusionFabric.cloud data lake.
The solution is documented and it can be installed and configured by the financial institution staff.
In the case that Finastra support is requested for the implementation of the data ingestion solution, on behalf of the financial institution, please contact with platformsupport@finastra.com for most up-to-date information regarding prices. The exact cost is calculated by Finastra based on the financial institution geographical location and it is communicated upon contract signing.