Fintech firm Finastra has partnered with Canada’s Buckzy Payments to facilitate cross border payments for its clients.
The collaboration will involve integration of Finastra’s Fusion Global PAYplus with Buckzy’s real-time cross border payments network through the FusionFabric.cloud platform.
The integration will allow Finastra’s Global PAYplus customers adopt a real-time international payments network. The network can be white-labelled and modified to suit individual client requirements.
Finastra Payments GM Sagive Greenspan said: “Buckzy’s innovative technology is exactly the kind we need to help our financial institution clients facilitate real-time cross border payments for their customers.
“This is an issue that so many banks have been struggling to solve on their own and if we can help them fast-track a cross border real-time payments offering to their clients it will be extremely beneficial.
“Through our collaboration and FusionFabric.cloud platform we will be able to integrate all of our customers into Buckzy quickly and efficiently.”
The Buckzy’s cross border payment ecosystem is designed to enable instant money transfers between bank accounts. The technology can be integrated with existing banks and financial institutions systems.
Commenting on the Finastra partnership, Buckzy chief business development officer CK Semlani said: “Joining forces with Finastra allows us to work with a world class company to rapidly expand our financial institution customer base through a single, seamless, integrated platform.
“Ultimately, this will mean faster, more convenient service for customers all over the world.”