Managed Services Partnership provides top-tier, cloud-enabled payments as a service (PaaS) for medium-sized banks in Germany, Belgium, the United Kingdom and Ireland.
London, November 10, 2021 / PRNewswire / – Finaster Finastra announced today its partnership with Hexware Technologies to provide managed services for cloud-based payment solutions. The action will help Hexaaware customers Germany, Belgium, United Kingdom and Ireland Own their payment infrastructure. The partnership will lead the companies’ industry-leading payments and merger experience, enabling medium-sized banks to provide top-of-the-line payments as a service (PaaS) and reduce operating costs while remaining competitive.
Chinmoy Banerjee, Corporate Vice President and Head of Global – Banking, Hexaaware, “Finstara’s strong payment platform will enable banks to improve and extend their digital footprint by bringing their data infrastructure and applications to the cloud faster. Our goal is to increase our brand footprint with improved product capabilities and establish a Fintech network like Finstara.
Domestic and cross-border digital payments can be expensive and complex in terms of risk control, innovation and high transaction costs. To address these challenges, Hexware will be a managed provider of Finastra payment solutions, payment authorization management and support for its customers’ application, hosting and maintenance services (MSP). With industry-leading products and more than two decades of experience integration solutions, the two companies are well-equipped to provide PaaS services to help eliminate payment risk and control transaction costs associated with product ownership and payment processing dependencies. It also helps banks adapt quickly to innovation and regulatory changes with a trusted consultant.
Oren Marmur, SVP and CEO, Payments, Finastra, “Hexware knowledge and reputation have led to the growth of the industry leader over the past three years. We are pleased to partner with Hexware to help select selected banks in the cloud in terms of payment productivity and technology services based on a common goal of bringing value. Europe Offer digital payments. “
Hexware is a global IT service that encourages businesses around the world to scale and scale quickly. Our three-dimensional strategy automates everything Clo, Cloudify Everything® and changes customer experiences to create complex human and machine collaboration to solve complex business problems. We enable future organizations and market leaders to create sustainable business value by helping them deliver cloud-based customer experience, digital product engineering and advanced automation.
We serve clients in banking, financial services, capital markets, healthcare, insurance, manufacturing, retail, education, telecom, high-tech and professional services (tax, audit, accounting and legal), travel, transport and logistics. We provide advanced services in Fast Application Prototype, Development and Deployment. Build, migrate and run cloud solutions; Automated application support; Organizational solutions to digitalize the back office; Change in customer experience; Business Intelligence & Analysis; Digital verification (testing); Infrastructure management services; And business process services.
We believe that technology is magical, and our goal is to create smiles through great people and technology. In the headquarters New Jersey B North America, London B Europe And Singapore B Asia Pacific, Hexware service customers more than two dozen languages from each major time and control zone.
Finastra creates better experiences for people, businesses and communities by building an open platform that accelerates collaboration and innovation in financial services. Supported by its extensive and in-depth financial software portfolio, Finastara delivers this essential technology to financial institutions around the world, including 90 of the 100 best banks in the world. Our open architecture approach brings many partners and innovators together. In financial services, we are leading the way in which applications are written, deployed and driven to meet the changing needs of our customers. Learn more at finastra.com
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