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Fintech & Ecommerce

Finastra introduced instant onboarding for cloud payments technology

Oct 12, 2021

Move provides fast and automated onboarding for financial institutions via open APIs, enabling them to bring innovative payments solutions to customers at speed

Finastra

Finastra introduced instant onboarding for cloud payments technology. Source: finastra.com

Finastra has announced new instant onboarding capabilities for its Fusion Payments To Go solution.

The move enables banks to access the benefits of Finastra’s SaaS solution at speed and with reduced cost. That means organizations can bring innovative and tailored payments products to their customers with greater efficiency as demands change.

We are committed to making payments transformation as easy as possible. This capability offers simple onboarding with a short lead time, so that banks can overcome legacy technology constraints, implement with transparency around timeframes and cost, and bring leading payments products to customers at speed. We’re talking about reducing the process of onboarding to just a few days with go live in a few months, rather than what might have taken some banks a year. Beyond the significantly reduced onboarding and go live timeframes, this will allow smaller banks, for which the cost of complex payments transformation might be prohibitive and the operational processes too complex, to enjoy the benefits of an advanced Payments Hub with modernized capabilities
Oren Marmur, General Manager, Payments at Finastra

Payments To Go is a SaaS payments solution, with out-of-the-box configurations, to support banks’ payment growth ambitions. It is built on Finastra’s Fusion Global PAYplus software. Via open APIs, the instant onboarding capability reduces manual processes, increasing efficiency. A portal enables bank executives to answer a series of questions, automatically generating a new payments environment that they can personalize.

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