To benefit the Indian market on the basis of providing banks, a holistic payment solution, FSS – Financial Software & Systems, a leader in payments technology and transaction processing, has announced its partnership with the Montran Corporation.
This agreement with Montran will now enable FSS to provide customised solutions that will address the wholesale payments needs of the banking industry in the country, said the company in a statement.
With the signing of an exclusive System Integrator (SI) agreement, the company has avenues of opportunities ahead.
Commenting on the partnership with Montran, Mr. Nagaraj Mylandla, Managing Director, FSS, said “Our partnership with Montran is highly strategic in nature. We are leaders in the Retail Payments and Montran brings invincible knowledge and global best practices in the Wholesale Payments space. As a one-stop solution provider, FSS can now assist Banks realise their vision of streamlining and consolidating payments and aid them to increase operational efficiency, optimise resources and enhance customer experience.”
FSS has spearheaded the growth of retail & whole sale payments in India by serving banks, financial institutions, merchants, governments and other verticals through a rich portfolio of payments products and services.
The Integrated Payments Hub solution that FSS is bringing along with Montran will assist the banks to strengthen their multi-channel strategy with less impact on their host systems for regulatory changes.
With this partnership, FSS can facilitate building a robust and centralized payments eco-system that is advanced and world-class for the banks in the country.
Montran is the world leader in designing and implementing cost-effective, comprehensive Payment, Clearing and Settlement systems with over 100 installations throughout the world, including Market Infrastructure and Payment Systems in some of the world’s foremost institutions.