Elly Yates-Roberts |
Financial software provider Finastra has partnered with technology firm Aspire Systems to enable financial institutions worldwide to deliver instant payments.
Finastra’s Payments To Go solution and Aspire Systems’ implementation capabilities will provide customers with an end-to-end, payments processing solution that is available on Microsoft Azure.
“Facilitating instant payments is a key priority for banks, particularly as customer demand continues to soar,” said Sylvie Boucheron-Saunier, global chief revenue officer of payments at Finastra. “As a highly agile and configurable solution, Payments To Go, available as a cloud-based managed service, enables banks to evolve with ongoing innovation and regulatory demands, quickly, at a low cost and with added security.
“By partnering with Aspire Systems, we can deliver our evergreen solution to financial institutions globally through the organisation’s expertise in delivery and implementation.”
According to Finastra, Payments To Go provides payment processing as a scalable software-as-a-service model, enabling banks to accelerate their instant payments services roll-out and deliver flexible digital payment offerings faster and more efficiently. As a result, banks can implement new offerings and drive business growth.
“Financial institutions are looking for a convergent payment solution that is compliant, composable and cost-effective,” said Suresh Ranganathan, global head of banking and financial services at Aspire Systems. “With the combination of real-time payment support, marketplace integration and Open Banking enablement, our partnership with Finastra will increase value for our customers and help them go to market faster and stay nimble. Finastra’s solution maturity, with Aspire’s technology and domain expertise, will accelerate customers’ strategic and tactical payment modernisation efforts as the industry moves into Open Finance.”