Finastra partners with Hexaware to speed up digital payments for certain European banks

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LONDON, November 10, 2021 / PRNewswire / – Finastra today announced its partnership with Hexaware Technologies (Hexaware) to provide managed services for Finastra payment solutions deployed in the cloud. This decision helps Hexaware customers to Germany, Belgium, the United Kingdom and Ireland take ownership of their payment infrastructure. The partnership brings together industry-leading payment and integration experience to provide midsize banks with an end-to-end Payment as a Service (PaaS) offering that helps them stay competitive while reducing operational costs.

Chinmoy Banerjee, Corporate Vice President and Global Head – Banking, Hexaware said: “Finastra’s strong payment offering enables our vision to help banks modernize and expand their digital footprint, moving their data infrastructure and applications into the cloud in an extremely fast, predictable and secure way. and in a co-designed way. Payments are a key focus area for Hexaware over the next three to five years. Our aim is to increase our service footprint through enhanced product skills and the establishment of synergistic fintech partnerships, like the one we have with Finastra. “

Domestic and cross-border digital payments can be expensive and complicated in terms of risk management, innovation tracking and high transaction costs. To address these challenges, Hexaware will become a Managed Service Provider (MSP) for Finastra’s payment solutions, managing payment licenses and supporting implementation, hosting and maintenance services for its customers. With industry-leading products and more than two decades of solution integration experience, the two companies are well equipped to deliver a PaaS offering that will help banks reduce payment transformation risks and control transaction costs associated with product ownership and dependence on payment processors. He will also help banks adapt quickly to innovation and regulatory changes with a trusted advisor.

Oren Marmur, SVP and Managing Director, Payments, Finastra said, “Hexaware’s exceptional expertise and reputation has led it to experience industry-leading growth over the past three years. With deep payments expertise, Finastra’s solution will support their vision to accelerate their clients’ digital transformation initiatives. The partnership was formed on the basis of a common goal of bringing greater value to our banking customers, through the capabilities of payment products and technology services deployed in the cloud. We are excited to partner with Hexaware to help some banks through Europe offer digital payments. ”

About Hexaware

Hexaware is a global IT services company that empowers businesses around the world to achieve digital transformation at scale and quickly. Our three-pronged strategy, Automate Everything®, Cloudify Everything® and Transform Customer Experiences®, strives to foster human-machine collaboration to solve complex business problems. We empower future-ready organizations and market leaders to create sustainable business value by helping them deliver immersive, contactless customer experiences through full cloud activation, digital product engineering, and digital product engineering. extreme automation.

We serve clients in the banking, financial services, capital markets, healthcare, insurance, manufacturing, retail, education, telecommunications, senior technology and professional services (tax, auditing, accounting and legal), travel, transport and logistics. We provide highly advanced services in prototyping, development and deployment of rapid applications; Build, migrate and run Cloud solutions; Support for automation-based applications; Enterprise solutions for back office digitization; Transformation of the customer experience; Business intelligence and analysis; Digital insurance (testing); Infrastructure management services; and business process services.

We believe technology is a magical thing, and our goal is to create smiles through great people and technology. Based at New Jersey for North America, London for Europe and Singapore for the Asia Pacific, Hexaware offers its services to its customers in more than two dozen languages ​​in all major time and regulatory zones.

Learn more about Hexaware at hexaware.com. Take an immersive 360 ​​° virtual tour of our campuses around the world on hexawareimmersive.com.

About Finastra

Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Backed by the largest and most comprehensive portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes around the world, including 90 of the world’s 100 largest banks. Our open architecture approach brings together a number of partners and innovators. Together, we show how applications are written, deployed and used in financial services to evolve with changing customer needs. Learn more at finastra.com

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