Finastra has entered a strategic partnership with DXC Luxoft and RightClick Solutions to enhance managed services for its treasury and capital markets clients. The collaboration aims to improve operational efficiency and reduce risk for users of Finastra’s technology by leveraging combined expertise in service delivery and regional resource specialisation.
The partnership will initially focus on clients using Finastra’s Summit platform, a core trading solution that supports capital markets operations by enhancing straight-through processing and accelerating time to market. The joint managed service offering will later expand to cover additional Finastra treasury and capital markets solutions.
Luc Hovhannessian, Chief Revenue Officer, Treasury and Capital Markets Business Unit at Finastra, explains to TradingTech Insight how the partnership with DXC Luxoft and RightClick is a natural extension of Finastra’s commitment to a cloud-first strategy. “By uniting our capabilities, we’re creating a robust, managed service offering that not only accelerates outcomes for our clients but also reduces risks associated with complex technology transitions,” he says. “Both DXC Luxoft and RightClick bring deep expertise in our treasury and capital markets solutions, and they’re uniquely positioned to support our clients as they navigate the journey to cloud adoption.”
RightClick Solutions, a specialist in Summit application services and test automation, brings decades of experience in ensuring stability and system optimisation to the partnership. The company’s purpose-built Rightclick TMS test automation tool is designed to empower non-technical teams to streamline testing processes and increase the quality of release cycles at reduced maintenance costs.
“RightClick TMS offers over 10 years of proven track record in transforming testing for the Summit platform, delivering seamless integration and dependable results to more than 45 banks globally,” Cristina Pene, Co-Founder and COO at RightClick, tells TradingTech Insight. “Unlike generic automation solutions, RightClick TMS is designed by Summit experts specifically for banking and financial applications, precisely addressing the unique requirements of Summit. This focus significantly reduces implementation time and risk, ensuring smoother deployment. In collaboration with Finastra, RightClick TMS is consistently updated to align with new Summit releases, providing clients with a reliable, future-proof testing solution. While other tools may require extensive customisation, RightClick TMS is immediately compatible with Summit, setting it apart as a powerful, ready-to-use automation accelerator in our managed service offering.”
She continues: “With evolving business and regulatory requirements, Finastra’s Summit users must continually innovate to stay aligned with these changes. Our Managed Services framework effectively addresses these challenges by establishing a support model that accelerates time-to-market of new functionality. Our program includes regular Summit upgrades, allowing users to benefit from the latest system capabilities and ensure compliance with the new regulatory standards. With decades of combined Summit expertise, our team has a proven track record in implementing Summit-specific requirements and is fully equipped to handle new requests as they arise. This expertise and commitment ensure ongoing system adaptability, enhanced user productivity, and improved operational efficiency.”
DXC Luxoft will bring its capital markets expertise and global engineering talent to the partnership, aiming to optimise costs and improve delivery performance through its Managed Services model. This approach supports modernisation efforts across infrastructure and application maintenance, including cloud integration, allowing clients to focus on strategic initiatives rather than day-to-day operational management.
“In terms of cloud transition, we’re able to provide detailed architectural analysis and bring in expert resources to reduce project risk and minimise timelines, enabling faster resolution of any issues that arise,” says Hovhannessian. “For application management and operations, we’re offering comprehensive Summit management under a single SLA, with proactive, 24×7 mission-critical support that covers everything from batch processes to interface management. This approach not only enhances system stability but also frees up our clients’ internal resources to focus on higher-value tasks. When it comes to cloud hosting, we’re streamlining IT architecture and eliminating the need for on-premise infrastructure, which also brings enhanced security and scalability. And with evergreening, our clients can expect faster, less disruptive upgrades—keeping them aligned with the latest Summit version, which boosts productivity and operational efficiency. For instance, this might include efficiencies from upgrades like support for risk-free rates or SWIFT MX updates, all aimed at reducing time-to-market and enhancing system resilience. Finally, we’re driving technology transformation through containerisation and increased automation in change management, which not only reduces risk but also supports agility and innovation.”
Together, the three companies plan to deliver a comprehensive managed service that combines Finastra’s financial software capabilities with targeted implementation, support, and maintenance expertise, offering treasury and capital markets clients an efficient and resilient solution for their operational needs.
“This partnership is fundamentally about empowering our clients to operate more efficiently while lowering their operational risk profile,” says Hovhannessian. “Looking ahead, our clients can expect a host of benefits, including a global platform that comprehensively supports financial markets products, and a streamlined approach to managed services that facilitates a smooth and efficient transition. In essence, we’re providing clients with a combination of product and service expertise in the right locations worldwide, which allows them to focus on their core business while we handle the operational complexity.”
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