Finastra reviews

3.7

71% would recommend to a friend

(3,211 total reviews)
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Chris Walters

71% approve of CEO

61% positive business outlook

Finastra has an employee rating of 3.7 out of 5 stars, based on 3,211 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Finastra employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

3K reviews
2.0
Oct 22, 2021

Going from pride to disappointment

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Good benefits (health, life, dental) - Annual bonuses - Unlimited PTO (although if you don't take advantage of it, it is extremely valuable to the company, not the employee) - Very nice office in Lake Mary; work from home option - Amazing coworkers who are professional, personable, and hard-working good people that put the best interests of the customers and each other first -The CEO is an extremely good leader, and someone that you want leading your team.

Cons

What the heck are all of these 5 star reviews??? I can tell you from personal experience, as someone who was there for many years, that I don't know ANYONE that would give this company 5 stars (except perhaps the MANY newbies experiencing their first "real" job right out of college). Rumour has it that HR hired a firm to do these reviews. At one point, I was TEAM FINASTRA! Everything I did, I was proud of, and I loved making so many impacts to the business and being successful! However ... The revolving door of key and new people from every level of the organization leaving on a weekly (if not daily) basis should be a key indicator of what it's like to work at Finastra. Egos are rampant at the top (below CEO), and the stress levels to accomplish the impossible are extreme. Ensuring that customers are being taken care of is second (or maybe third!) to unattainable financial goals which build exhausting expectations, especially for the marketing, inside sales, BDRs and sales teams. If you're looking for a pat on the back for doing a great job, look elsewhere. Regional leadership can be combative and abusive, and either unable or not willing to be supportive and collaborative. I'd feel confident speculating the pressures put on them proliferate how they communicate. Despite what HR tells you, Finastra pays approximately 20%+ less than their competitors, and the fintech industry as a whole. Focus is on hiring high performing people that don't expect as much money (e.g. people that will work extra hard for less money). There are NO opportunities for advancement in some departments (marketing for one). US employees are generally not considered for key corporate roles or positions. The culture of the company is very liberal, and at times that rhetoric is forced upon employees. They do a good job of promoting D&I, but it is done with overkill, and at times it seems like D&I is the focus of the company, not the software that they are producing and selling. I've seen way too many people go from being extraordinary, dedicated employees that are excited to make a difference, to simply throwing up their hands and doing a strict 9-5 to collect a paycheck. Finastra breaks your spirit eventually.

1.0
Apr 23, 2021
Recommend
CEO approval
Business Outlook

Pros

Pay can be average compared to the market, but you have to ask for it. Arcade machine was fun to play on break. The people at the "doer" level are wonderful. The corporation outside of the Mequon office seems to be going in the right direction.

Cons

Management has no trust in their employees to do their jobs and refuses to treat them like professionals. Leadership would bemoan in meetings with their team how lazy the developers were, and how "these young developers needed to be coddled". Because of the complete lack of of trust, status on *every single work item* had to be delivered to the top daily, sometimes multiple times a day. Management would often jump into things and start writing code themselves because they "know how it works because wrote the whole application". Almost every idea for innovation on both the development and management side of things were shot down, often due to leadership their lack of understanding of modern architecture and project methodology. The lack of planning, lack of process, and crushing micromanagement culminated in a pure work harder not smarter workplace. At one point last year, employees were called while on holiday vacation to cancel their break return to work. There were no training opportunities given outside of a corporation wide CBT training system. Many of the people leaving haven't even been given the common courtesy of an exit interview. It was not uncommon for people to be publicly berated or dressed down in verbal tirades heavily laced with profanity.

1.0
Sep 22, 2020

Company Status

Recommend
CEO approval
Business Outlook

Pros

a paycheck for now or until outsourced

Cons

where to start. Lack of respect from long time employees even though they constantly ask them to bail them out and push to work 50+ hours a week. When someone leaves or is let go they don't backfill the position they just put that on whoever is left behind. Salaries not even close to being aligned correctly for the area in which a person lives. They are killing off good products and pushing others that haven't been able to be successful in the last few years. Meanwhile, by not funding the current good products they are losing customers at a rapid rate.

Viewing 79 - 81 of 3,211 Reviews

Glassdoor has 3,477 Finastra reviews submitted anonymously by Finastra employees. Read employee reviews and ratings on Glassdoor to decide if Finastra is right for you.