Banking technology provider Finastra is aggregating some of the many fintech offerings available on its FusionFabric.cloud marketplace, which has more than 150 apps for banks to tap for digital banking, cross-border payments, regulatory compliance and reporting, among other services.

With so many fintech offerings available, it can be tricky for financial institutions to keep track of them all. The apps on the Finastra marketplace are sourced via incubators, existing customers, industry analysts, and developed within Finastra.

“Finastra’s platform enables us to access innovation and choice quickly and cost-efficiently … giving us the opportunity to add these capabilities that our members need, without building from scratch,” Mike Gorman, chief executive at Arkansas-based Baptist Health Federal Credit Union, told Bank Automation News.

The $38 million credit union tapped into Finastra’s store to onboard a bill payment app from the Allied Payment Network in February. The app allows users to pay and manage bills for multiple companies from a central location within their bank or credit union’s digital banking platform.

The apps are available to both Finastra’s cloud and on-premise customers, Philip Taliaferro, vice president at FusionFabric.cloud, told BAN. “Across all products, we are rapidly driving cloud adoption, which will help further accelerate app adoption over time,” he added. Finastra has a “standard revenue share model” with fintechs in which the share varies depending on whether Finastra is reselling an app or referring the leads to the fintech.

Fintechs benefit from the marketplace, too. Those using the FusionFabric.cloud platform gain access to growing, addressable markets, reduced project implementation time and reduced sales cycles, the firm said a statement, adding that one of the fintechs on its store reported a “tripling of its addressable market” in two months.

“Our collaboration with Finastra is a perfect example of the ways that corporates should be working with start-ups like us: fast, convenient, and very supportive,” said Dmirty Norenko, chief executive at upSWOT, a fintech that recently launched a loyalty and engagement app on the platform. ComplyAdvantage, a compliance fintech, has also released its anti-money laundering (AML) app on FusionFabric.cloud.

Other offerings on Finastra’s platform include Agora Service’s digital banking suite for community banks and credit unions, SavvyMoney’s credit score solution and Detech’s risk management offering.

Institutions of various sizes have been using Finastra’s app store for banks to onboard fintech solutions and customers range from “top-5 global banks to community banks and credit unions,” Taliaferro said. Finastra counts financial institutions like Seattle Bank, The Commonwealth Bank of Australia, investment bank Natixis and the Dupaco Community Credit Union among its customers.

But what if an app marketed on Finastra’s platform malfunctions?

In case of an error, Finastra’s scope of responsibility depends on whether it acted as a reseller or provided a referral. “In either case, our approach to third-party risk, security and standard contractual SLAs [service level agreements] helps reduce the risk faced by our clients,” Taliaferro told BAN.