Finastra Unveils Cloud-based Instant Payments Offering
Finastra has launched its instant payments offering in the cloud for small and mid-sized banks. The Fusion Global PAYplus packaged solution will enable tier three and four financial institutions in the EU and US to access the benefits that the cloud delivers, without the cost and on-premise infrastructure requirements that may previously have been a barrier to entry.
Based on Microsoft Azure, the pre-defined offering will be generally available in Q2 2019. It will enable central updates, ensuring all users benefit from the latest changes or new product functionalities immediately, including SWIFT and clearing scheme updates. Banks will be able to get up and running in just a few months with standardized pricing and onboarding processes in this SaaS model. This is designed to provide a clear, future-proof cost structure and flexibility in a market where volumes are currently hard to predict.
Small and mid-sized banks require an agile platform that works out of the box, rather than taking a long time to see project value. The Fusion Global PAYplus packaged cloud solution will serve the growing need for immediate payments processing, including high throughput all day, every day and end-to-end transaction times of seconds.