Banking and fintech platform provider modernizing legacy systems to cloud
Finomnia is a 40-year-old banking software firm built through consolidation of regional Italian players, now actively replacing COBOL and IBM i systems with cloud-native architectures (AWS, Azure, GCP, Kubernetes). The company's project portfolio—strategic modernization, legacy migration, core banking evolution, and microservices database work—paired with a hiring surge across finance and engineering signals an aggressive multi-year transformation from monolithic on-premises systems toward cloud and AI-driven banking platforms.
Finomnia builds end-to-end software platforms for banks, credit institutions, and fintech operators across four business lines: consumer finance, corporate solutions (leasing, factoring, confirming), banking and RegTech, and retail/corporate lending. The company operates across Italy, Spain, Romania, the Netherlands, and Mexico, serving customers navigating regulatory complexity, operational efficiency, and digital experience modernization. Founded in 1984, Finomnia was formed through the integration of OCS, Finwave, and Quid Informatica, and is backed by Apax Funds.
Finomnia runs on AWS, Azure, GCP, Kubernetes, Docker, with databases including SQL Server, Oracle, and PostgreSQL. Development uses Java, Kafka, Git, Maven, and GitHub Copilot. The company is actively retiring IBM i and COBOL systems.
Strategic application modernization, legacy system migration to cloud, core banking system evolution, credit portfolio management, regulatory reporting, and microservices database optimization to improve scalability and compliance.
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