Finastra has launched its new Fusion Payments To Go solution for small and mid-sized banks. The offering is designed to help customers reduce the costs and risk associated with legacy systems, and implement domestic and cross-border payment services in Europe, the US and South Africa.
The solution is pre-packaged, with fixed implementation costs and secure and scalable deployment in the cloud on Microsoft Azure. Finastra says that the offering will help banks to meet changing market regulations and customer demand for frictionless and immediate payments.
“Fusion Payments To Go offers a paradigm shift in how we design, develop and deploy payments software – part of our commitment to connecting financial institutions, consumers and businesses around the globe through modern payment solutions,” said Sagive Greenspan, general manager of payments at Finastra. “Its pre-packaged and pre-certified configuration, coupled with best-practice payment workflows, means that it can be deployed in a short timeframe, enabling banks to move with agility and modernise without risk. This allows smaller banks to enjoy the same robustness as with Fusion Global PAYplus, but in a quicker and more cost-efficient way.”
Built on Finastra’s payment hub – Fusion Global PAYplus – Fusion Payments To Go removes the need for expensive scheme maintenance. As such, banks can redirect these funds towards the delivery of innovative business services that improve the customer experience and deliver revenue growth.
Finastra is responsible for all elements from contracting, onboarding, service operations and upgrades, to billing. This reduces customers’ operational costs and provides a faster time to market. By deploying in the cloud, banks can also accelerate growth and scale as their needs evolve.
“Customers are looking for fixed onboarding time, fixed price and fixed scope and that’s what we deliver with this offering,” said Paul Thomalla, global head of payments at Finastra. “The availability of Fusion Payments To Go in the cloud means that we are helping banks elevate payments to a new level today, but we’re also giving them access to the latest value-added services via our open development platform, FusionFabric.cloud, for access to continuous innovation in the future. Ultimately, we’re enabling mid-sized organisations to be more competitive, grow their business and market share, with faster time to value for them and their customers.”
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