The move will see the company collaborating with industry leaders and policy-makers to drive change across financial services, world trade and beyond, to help build a better, sustainable future.

Tom Kilroy, Chief Operating Officer at Finastra said, “Technology companies like us are in a privileged position to effect change at a global level and to put purpose above profit. We’re incredibly passionate about the World Economic Forum’s values and they align closely with our own mission and desire to unlock the potential of people, businesses and communities with open finance technology. We’re excited to be part of such an important movement.”

Finastra will work with other Forum members to help to break down industry silos and foster financial inclusion. Forum initiatives such as Shaping the Future of Digital Economy and New Value Creation, the Future of Financial and Monetary Systems, and the Future of Trade and Global Economic Interdependence are particularly connected to Finastra’s mission.

“We bring together the foremost policy-makers, academics, innovators, civil society representatives and business leaders to help shape and deliver on our mission — to improve the state of the world,” said Stephan Mergenthaler, Head of Strategic Intelligence; Member of the Executive Committee, World Economic Forum. “We are delighted to have Finastra on board as a member.”

The World Economic Forum Member community consists of revolutionary firms that represent the world’s top innovators, market shapers, disruptors, niche market leaders and regional champions. Businesses with such increasing influence are helping emerging economies thrive, contribute to societal prosperity and are transforming into global leaders in their respective industries and regions.