Finastra announced its partnership with Hexaware Technologies to provide managed services for Finastra’s payments solutions deployed in the cloud. The move helps Hexaware customers in Germany, Belgium, the UK and Ireland take ownership of their payment infrastructure. The partnership brings together the companies’ industry leading payments and integration experience, to provide mid-sized banks with an end-to-end Payments as a Service (PaaS) offering which helps them remain competitive while mitigating operational costs. Domestic and cross-border digital payments can be expensive and complicated in terms of managing risks, keeping up with innovation and high transaction costs. To address these challenges, Hexaware will become a Managed Service Provider (MSP) for Finastra’s payments solutions, managing the payment licenses and supporting implementation, hosting and maintenance services for its customers. With industry leading products and over two decades of solution integration experience, the two companies are well equipped to provide a PaaS offering which will help banks to de-risk payments transformation and control transaction costs associated with product ownership and dependency on payment processors. It will also help banks adapt quickly to innovation and regulatory changes with a trusted advisor.
Hexaware is a global IT services company empowering businesses worldwide to realize digital transformation at scale and speed. Our three-pronged strategy of Automate Everything®, Cloudify Everything® and Transform Customer Experiences® endeavors to drive human-machine collaboration for solving complex business problems. We enable future-ready organizations and market leaders to create lasting business value by helping them offer touchless immersive customer experiences through full-cloud enablement, digital product engineering and extreme automation. Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses, and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks. Our open architecture approach brings together several partners and innovators. Together we are leading the way in which applications are written, deployed, and consumed in financial services to evolve with the changing needs of customers.