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January 12, 2016updated 04 Apr 2017 3:59pm

FSS, Montran partner to bring multichannel payment solutions to Indian banks

Financial Software & Systems (FSS), a provider of payments technology and transaction processing, has entered into an agreement with Montran under which FSS will act as the latter's exclusive system integrator in the Indian market.

By Verdict Staff

Financial Software & Systems (FSS), a provider of payments technology and transaction processing, has entered into an agreement with Montran under which FSS will act as the latter’s exclusive system integrator in the Indian market.

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Under the deal, FSS will provide customized solutions that will address the wholesale payments needs of the banking industry in the country.

FSS has already teamed up with Montran in 2015 to establish an integrated payments hub solution for a large public sector bank in India.

The Integrated Payments Hub solution will help the banks to strengthen their multi-channel strategy with less impact on their host systems for regulatory changes. It will be offered to the banks in both hosted and licensed models.

The agreement will bring compact payment ecosystems for the banks initially in India and later globally.

FSS managing director Nagaraj Mylandla said: "Our partnership with Montran is highly strategic in nature. As a one-stop solution provider, FSS can now assist Banks realize their vision of streamlining and consolidating payments and aid them to increase operational efficiency, optimize resources and enhance customer experience."

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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