back Back

FSS launches BLAZE to simplify payment transactions in Middle East

By Delisha Fernandes

March 11, 2024

  • Blaze
  • Financial Institutions
  • fintech MENA
Share

FSS, BLAZE, Middle East, financial institutions, payments technology, FinTech news, FinTech MENA

Financial Software & Systems (FSS), a global payments technology solutions provider, has announced the launch of ‘BLAZE‘, which is designed to meet the needs of banks and financial institutions.

Using the BLAZE architecture, the FSS Payment Gateway can process over 5000 transactions per second. BLAZE, a platform that is built to create a robust ecosystem of payment technology, will help financial services institutions and banks overcome the challenges imposed by heavy, monolithic architectures.

V Balasubramanian, CEO of CashTech, FSS, said, “Continued expansion in the region demonstrates our commitment to providing our clients with quality services and support. With BLAZE, we further embody our commitment to innovation in payments. BLAZE will enable banks and financial institutions to deliver their customers novel and innovative payment experiences.”

BLAZE is a cloud-native microservices-based technology platform designed to offer significant efficiency gains in terms of speed and scalability, ensure high durability during peak workloads, improve fraud prevention, and enhance services to banks and financial institutions while simplifying choices and bolstering the confidence of end consumers.

FSS has a proven track record in the Middle East, with more than 18 products deployed across six countries and partnerships with the top tier-1 banks, four of the six central country switches, and the top two third-party processors.

Entry of BLAZE into the market will further expand its presence in the Middle East market and provide digital technology-enabled scalable and safe payment solutions.

The Simply Payments conference focused on the theme of ‘Redefining payments ecosystem through platforms’. The event was attended by dignitaries from the ME finance industry along with notable speakers including Jan Pilbauer, CEO of Al Etihad Payments, who elaborated on ‘UAE’s payment ecosystem, Ali Salim Al Shekaili, AGM – Head of Digital & e Channels at the National Bank of Oman, shared insights into the ‘Success story of payment platforms, and Tony Chacko Joseph, Head of Digital Payments Transformation at the Ministry of Finance, who discussed ‘Digital Payments in the Public Sector.’

Previous Article

March 11, 2024

India’s UPI forays into Nepal with QR-code-based UPI transactions

Read More
Next Article

March 11, 2024

Yuno raises $25m in Series A round, plans Europe, Asia expansion

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Blaze

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Ecommpay & Mastercard partner to deliver Click to Pay in Europe

Read More

Today

Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

Read More

Today

Wakanow selects Outpayce B2B Wallet for virtual payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024