Mindtree and Finastra to deliver managed payment services

Global technology services and digital transformation company, Mindtree, and financial technology provider, Finastra have announced a new partnership to bring Finastra’s Fusion Payments To Go payments technology to banks in the Nordics, the UK and Ireland, as a managed service.

As part of the partnership, Mindtree will host Finastra’s proven payments solution in the cloud and handle integration of the technology across the rest of the banks’ existing solutions, minimising risk and boosting efficiency for users.

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

Using the power of technology to produce better customer experiences 

Founded in 2017, Finastra’s describes its purpose as to unlock the power of finance for everyone and redefine finance for good. Recognised as one of the world’s largest FinTechs, it works with over 9,000 customers including 90 of the top 100 banks globally. 

Fusion Payments To Go offers scalable payments processing and clearing functionality, with automated and rapid onboarding for financial institutions, via open APIs. Beyond the significantly reduced go-live timeframes, the solution also enables smaller banks and financial institutions to enjoy the benefits of an advanced Payments Hub with modernised capabilities.

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

Founded in 1999, Mindtree is a global technology consulting and services company that enables enterprises to drive customer experiences and business outcomes by harnessing digital and cloud technologies.  A digital transformation partner to more than 260 of the world’s most pioneering enterprises, Mindtree brings technology and consulting expertise to help reimagine business models, accelerate innovation and maximise growth.