The partnership will facilitate instant payments for financial institutions globally

IN BREIF:

- Finastra, a global provider of financial software applications and marketplaces, announced its partnership with Aspire Systems, a global technology services firm, to enable financial institutions worldwide to transform their payments operations and accelerate their instant payments offerings

- With Finastra’s Payments to Go and Aspire Systems’ implementation and system integration capabilities, customers will benefit from an end-to-end, multi-rail payments processing SaaS solution, available on Microsoft Azure

- They will have direct access to networks such as TARGET Instant Payments Settlements (TIPS) from The European Central Bank, the US real time payments (RTP) and FedNow, and SWIFT

What does this mean?

“Facilitating instant payments is a key priority for banks, particularly as customer demand continues to soar,” said Sylvie Boucheron-Saunier, Global Chief Revenue Officer, Payments at Finastra. “As a highly agile and configurable solution, Payments To Go, available as a cloud-based managed service, enables banks to evolve with ongoing innovation and regulatory demands, quickly, at a low cost and with added security. By partnering with Aspire Systems, we can deliver our evergreen solution to financial institutions globally through the organization’s expertise in delivery and implementation, as well as its value-added services such as for Variable Recurring Payments, Request to Pay and Confirmation of Payee.”