Mindtree, a global technology services and digital transformation company, and Finastra, a leading financial technology provider, today announced a partnership to bring Finastra's Fusion Payments To Go payments technology to banks in the Nordics, the UK and Ireland, as a managed service.
As part of the partnership, Mindtree will host Finastra's proven payments solution in the cloud and handle integration of the technology across the rest of the banks' existing solutions, minimizing risk and boosting efficiency for users.
Denise Parker, SVP and Global Head of Partner and Ecosystems at Finastra, said, "We welcome Mindtree to our partner ecosystem. Together we will enable agile banks in the Nordics, the UK and Ireland to tap into our Fusion Payments To Go solution, hosted by Mindtree in the cloud. The partnership is about helping banks to better serve their customers by keeping ahead of market changes, delivering faster innovation and opening business growth opportunities."
Mukund Rao, Chief Business Officer for Banking, Financial Services and Insurance at Mindtree, said, "Finastra offers best-of-breed payments solutions and, alongside our deep expertise and cloud capabilities, we are excited to join hands with them to support banks in transforming payments and making them realtime, convenient and secure. The move also aligns well with the P27 initiative in the Nordics, which promotes interoperability, paperless systems, and real-time payment capabilities. We pride ourselves on being a trusted partner to our customers and are confident that this partnership will help them unlock an innovation and technology advantage."
Fusion Payments To Go offers scalable payments processing and clearing functionality, with automated and rapid onboarding for financial institutions, via open APIs. Beyond the significantly reduced go-live timeframes, the solution also enables smaller banks and financial institutions to enjoy the benefits of an advanced Payments Hub with modernized capabilities.
Finastra was named a Leader in payment hub platforms in a recent Omdia report. Click here for further information.
Shares of MindTree Limited was last trading in BSE at Rs. 2942.30 as compared to the previous close of Rs. 2954.40. The total number of shares traded during the day was 35602 in over 3371 trades.
The stock hit an intraday high of Rs. 3055.00 and intraday low of 2926.30. The net turnover during the day was Rs. 106641302.00.