External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Dennis Masich appointed to steer growth of SkySparc FIS practice
1 hour ago
Source: SkySparc
SkySparc, an independent solutions provider, has appointed Dennis Masich as new Practice Lead for its fast-growing global FIS practice. Masich will be charged with developing and executing the practice’s business growth strategy. Working with SkySparc’s engagement managers, he will focus on expanding the firm’s FIS service offering and delivering value to clients worldwide. Formed last year, SkySparc’s FIS practice is already leading strategic initiatives at a number of blue-chip clients, including treasury digitalisation and data analysis projects. Masich joins Skyparc from FIS, where he was most recently Regional Sales Manager, Scandinavia and Baltics, typically working with financial institutions to streamline their front-to-back operations, from trading and risk to back office to increase control over risks and costs. From previous roles, Masich has a diverse spectrum of experience, including sales and consulting roles on treasury implementations for buy-side firms, corporate finance advisory knowledge and fixed income sales and trading expertise gained across major European finance centres. Dennis Masich, FIS Practice Lead, SkySparc, said: "In the past 15 years, I have had the privilege of applying innovative technologies to the precise needs of top-tier clients across the financial industry. To scale Skysparc’s FIS practice, my top priority is to build a team with the passion, commitment and expertise to deliver value to our fast-growing client base. As SkySparc’s FIS Practice Lead, I am thrilled to bring to shared clients the combined strengths of two undisputed leaders in the treasury space." Henrik Crone, Deputy CEO, SkySparc, said: “Our FIS practice has struck an immediate chord with clients, so we’re delighted that Dennis has joined us our next growth phase, as we continue to broaden our expertise and to expand our range of services. Dennis’s deep experience with treasury and asset management system projects for demanding clients will take us one step closer to becoming a global leader and complete service provider within treasury and finance. Related Companies

Dennis Masich appointed to steer growth of SkySparc FIS practice

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. SkySparc integrates with Nordea API to provide intraday liquidity management service for Telia
30 minutes ago
Source: SkySparc
SkySparc, an independent solutions provider, has implemented an Open Banking solution for long-term client Telia, a leading European telecoms provider, which leverages Nordea’s market-leading Open Banking API to enhance visibility of intraday liquidity and improve treasury automation and efficiency. As part of the solution, SkySparc OmniFi reconciles and consolidates data from the Nordea Instant Reporting API and Telia’s treasury management system to provide the firm’s treasury operations team with real-time account access, intraday account balances and transaction history. This supplies them with accurate, timely liquidity information directly fed into their reporting framework to provide a solid foundation for operational decisions. The solution, which took a matter of days to build, replaces a much more manual process in which Telia’s end-users would have to log in to the banking platform using tokens to access the required data. Nordea’s suite of Premium APIs offers corporate treasuries a range of opportunities for more seamless transaction banking experiences that extends beyond the basics, providing real-time access in the customer’s channel of choice including the supply of intraday transaction and balance data. Johan Skoglar, Solution Manager for Treasury Systems, Telia, said: “We have been delighted to continue our long-term efforts to simplify and automate treasury information flows with our partners at Nordea and SkySparc. This solution puts intraday liquidity information at our operational team’s fingertips, but we have much more to achieve together in the digitisation of treasury processes.”
Maria Dalin, Senior Business Developer, Nordea, said: “Forward-thinking clients such as Telia are increasingly recognising the potential for Open Banking and APIs to revolutionise their corporate treasury processes and to deliver new insights and efficiencies. Being the market leader in Open Banking APIs we look forward to further collaboration with Telia and others to develop more innovative banking API solutions.”
Marcus Gullers, Head of Product Management, SkySparc, said: “This project underlines SkySparc OmniFi’s ability to integrate and consolidate information flows from multiple sources in a way that drives real business value for clients. We expect to work closely with Telia and a wide range of corporate treasury clients to further explore the game-changing potential of Open Banking APIs.”
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SkySparc integrates with Nordea API to provide intraday liquidity management service for Telia

SkySparc : Extends multi-year deal with Dutch State Treasury
SkySparc, an independent solutions provider trusted by banks, central banks, Fortune 100 corporate treasuries, and asset managers
Extended its partnership to supply consulting and support services to the Dutch State Treasury Agency (DSTA)
Under the renewed agreement company will continue to supply day-to-day support services, as well as work on specific consultancy projects
DSTA was a pilot client for companies Patch Upgrade as-Service model (PUaaS)
More recently, the company supported DSTA’s migration from the use of EONIA as a reference rate in its swaps portfolio
The relationship was originally established in 2017 following a public tender conducted via EU and national procurement guidelines
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SkySparc: Extends multi-year deal with Dutch State Treasury

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. SkySparc extends multi-year deal with Dutch State Treasury
2 hours ago
Source: SkySparc
SkySparc, an independent solutions provider, has extended its partnership to supply consulting and support services to the Dutch State Treasury Agency (DSTA). Under the renewed agreement, SkySparc will continue to supply day-to-day support services, as well as working on specific consultancy projects. DSTA was a pilot client for SkySparc’s Patch Upgrade as-Service model (PUaaS), which was recognized in Central Banking’s FinTech & RegTech Global Awards 2019. More recently, SkySparc supported DSTA’s migration from use of EONIA as a reference rate in its swaps portfolio to the new euro short-term rate (€STR). The DSTA is the debt management office for the Netherlands. Its responsibilities to the Dutch Ministry of Finance include preparing and defining funding policy and representing the state in financial market transactions. The relationship was originally established in 2017 following a public tender conducted via EU and national procurement guidelines for the “continued development and support” for the agency’s Wallstreet Suite. SkySparc CEO Joakim Wiener said: “We are delighted to extend our relationship with the Dutch State Treasury Agency, having worked on several fronts over the last four years to become a trusted long-term partner. Today’s announcement reflects SkySparc’s ongoing investment in and commitment to the government and central banking sector, built on our functional and technical expertise and our focus on understanding the individual needs of each client.”
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SkySparc extends multi-year deal with Dutch State Treasury

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Central Bank of Iceland enters long-term services agreement with SkySparc
56 minutes ago
Source: SkySparc
SkySparc, an independent solutions provider, has entered into a multi-year partnership agreement with the Central Bank of Iceland covering use of outsourced support services and OmniFi, SkySparc’s proprietary data integration and workflow automation solution. Although the Central Bank of Iceland has used SkySparc’s services since 2018, the new agreement represents a formalization of the relationship. Under the agreement, SkySparc will provide structured ongoing support services to optimize use of the bank’s treasury management system at least up to 2025. In addition, SkySparc has licensed use of OmniFi across the bank’s treasury operations, having worked with internal teams to identify a number of use cases, including for test automation and data warehouse projects. The agreement includes an annual upgrade of OmniFi. SkySparc has provided support and consultancy services to the global central banking community, one of its four core client sectors, for two decades. The company’s expertise in delivering high-quality services to central banks was recognized in 2019 when it was named Technology Consultant of the Year in Central Banking’s FinTech & RegTech Global Awards. SkySparc Senior Engagement Manager Lars Schröder said: “Having worked closely with the Central Bank of Iceland in recent years, SkySparc welcomes this opportunity to extend our business and technical relationship. With SkySparc’s support in developing and improving its treasury system processes, this new arrangement provides the bank with long-term reassurance, empowering treasury operations staff to plan with confidence.”
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Central Bank of Iceland enters long-term services agreement with SkySparc

Telia is a telecommunications company operating as a unified company for its customers. It is based in Tallinn, Estonia.

Telia

Johan Skoglar , Solution Manager for Treasury Systems , Telia , said : `` We have been delighted to continue our long-term efforts to simplify and automate treasury information flows with our partners at Nordea and SkySparc .

Sedlabanki Islands is a reserve bank of Iceland. It is based in Reykjavík, Iceland.

Sedlabanki Islands

SkySparc Engagement Manager Lars Schröder said : `` Having worked closely with the Central Bank of Iceland in recent years , SkySparc welcomes this opportunity to extend our business and technical relationship .

Central Bank of Iceland Enters Into a Long-Term Service Agreement with SkySparc - PR.com

NBG Bancorp is the holding company for National Bank of Georgia, a financial institution that offers free ATM usage worldwide, free mobile banking with bill pay services, mobile deposit, free online banking with bill pay services, remote deposit capture services, and direct deposit and ACH origination services.

National Bank of Georgia

SkySparc

Husqvarna Group

Track and capture company information and workflow.

Fintech

Unattributed VC

SkySparc provides application services and automation software to users of trading and risk management systems.

Date	5/29/2019
Round	Unattributed VC
Amount
Investors	Bragnum Invest
Valuation
Revenue	0 FY undefined
Sources	1

First funding	5/29/2019
Last Funding	5/29/2019
Investor	Bragnum Invest
Rounds	1 Unattributed VC
Board Seats
Type	Venture Capital
Location	Sweden

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