India-based paytech company Financial Software & Systems (FSS) has launched Blaze, a payments technology platform designed to enhance scalability and security for banks and financial institutions.
Facts
- Blaze, FSS’s new payments technology platform, aims to provide banks and financial institutions with improved speed, scalability, and security for their payment offerings.
- FSS Payment Gateway, powered by Blaze, can handle over 5,000 transactions per second, ensuring efficient transactions even during peak hours.
- The platform includes real-time data analytics to enhance payment processing and quickly resolve payment-related issues, making it easier to detect fraudulent activity.
- V Balasubramanian, CEO of FSS CashTech, emphasizes that Blaze supports banks in achieving their digital transformation goals.
- Blaze is initially available in select markets, including India, the Middle East, and Africa, with plans for a gradual rollout in new markets.
- FSS is India’s largest on-demand processing facility, managing over 40,000 ATMs and partnering with more than 150 global banks, financial institutions, regulators, and governments in 26 countries.
