Mindtree and Finastra collaborate to deliver managed services payment solutions

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Finastra, a major financial technology supplier, and Mindtree, a global technology services, and digital transformation firm, today announced a partnership to provide Finastra’s Fusion Payments To Go payments technology to banks in the Nordics, the UK, and Ireland as a managed service.

“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,”

Denise Parker, SVP and Global Head of Partner and Ecosystems at Finastra.

Mindtree will host Finastra’s proven payments system in the cloud and handle the integration of the technology across the rest of the banks’ existing solutions as part of the agreement, reducing risk and increasing efficiency for users.

“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 real-time, 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,”

Mukund Rao, Chief Business Officer for Banking, Financial Services and Insurance at Mindtree.

Fusion Payments To Go provides open APIs for scalable payments processing and clearing, as well as automated and speedy onboarding for financial institutions. Aside from the shorter go-live times, the solution also allows smaller banks and financial institutions to benefit from an advanced Payments Hub with modernized capabilities.

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