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FSS introduces BLAZE in Middle East to provide scalable, efficient payment solution

2024-05-24 10:06:30 Business


BLAZE is designed to facilitate scalable and secure payment transactions in sync with the changing demand faced by banks and financial institutions in the region
BLAZE, a cloud-native microservices-based technology platform, was introduced during the Simply Payments event, a Leadership Connect Conference for financial services industry representatives
Dubai: Financial Software & Systems Pvt Ltd (FSS), a prominent global payments technology solutions provider, introduced BLAZE for the Middle East Payments Market during Simply Payments conference on 7th March in Dubai.

The Simply Payments conference focused on the theme of Redefining payments ecosystem through platforms. The event was attended by dignitaries from the ME finance industry along with notable speakers including Mr. Jan Pilbauer, CEO of Al Etihad Payments, who elaborated on 'UAE's payment ecosystem, Dr. Ali Salim Al Shekaili, AGM - Head of Digital & e Channels at the National Bank of Oman, shared insights into the 'Success story of payment platforms, and Mr. Tony Chacko Joseph, Head of Digital Payments Transformation at the Ministry of Finance, who discussed 'Digital Payments in the Public Sector.'

BLAZE is a cloud-native microservices based technology platform designed to offer significant efficiency gains in terms of speed and scalability, and ensure high durability during peak workloads, improve fraud prevention, and enhance services to banks and financial institutions while simplifying choices and bolstering the confidence of end consumers.

Using the BLAZE architecture, the FSS Payment Gateway can process over 5000 transactions per second.

BLAZE, a platform that is built to create a robust ecosystem of world-class payment technology, will help financial services institutions and banks overcome the challenges imposed by heavy, monolithic architectures.

FSS has a proven track record in the Middle East, with more than 18 products deployed across six countries and partnerships with the top tier-1 banks, four of the six central country switches, and the top two third-party processors.

V Balasubramanian, CEO of CashTech, FSS, said: �Continued expansion in the region demonstrates our commitment to providing our clients with quality services and support. With BLAZE, we further embody our commitment to innovation in payments. BLAZE will enable banks and financial institutions to deliver their customers novel and innovative payment experiences.�

Entry of BLAZE into the market will further expand its presence in the Middle East market and provide digital technology-enabled scalable and safe payment solutions.

About Financial Software and Systems (FSS)

Financial Software and Systems (FSS) is a globally leading provider of payment technology and a transaction processor. The company offers an integrated portfolio of software products, hosted payment services, and software solutions built on over three decades of global experience. FSS�s end-to-product portfolio includes Card Issuance, Omni-channel Acquiring and Merchant Management, Payment Analytics, Digital Security, Reconciliation and Settlement, and ATM Monitoring and Management. Headquartered in Chennai, India, FSS is India's largest on-demand processing facility - FSSNeT, processing 3 billion+ transactions annually. The company manages and operates 40,000+ ATMs nationwide and 600M+ Mobile Banking Transactions Annually. FSS is also a strategic payments partner for leading global banks, financial institutions, processors, central regulators, and governments across North America, UK, Europe, Middle East, Africa, and APAC and has 2,500 domain specialists on board. Being a payments innovation pioneer through the decades with World-Class Solutions, the company has been empowering 150+ Customers in more than 26 countries.

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Company :-FSS

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