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KBC Bank: Chooses Finastra for LIBOR transition

January 17, 2021

Finastra building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people
KBC Bank, a Belgium-based bank with operations across Europe, US and Asia Pacific
Chosen Finastra to help manage its transition through the upcoming interbank references rates changes
It selected Fusion Loan IQ Alternate Reference Rates (ARR) module to manage new rates and to expand its lending business
The bank also opted for the Fusion LIBOR Transition Calculator to help calculate rates ahead of the transition period
Fusion LIBOR Transition Calculator help KBC Bank manage the transition before the ARR module is rolled out