Finastra lands payments Leader status in Omdia Universe report
Research recognizes Finastra’s payments hub for wide breadth of functionalities, flexibility and customer support
London, UK – February 22, 2022 – Finastra has been named a Leader in payment hub platforms in a recent Omdia report titled ‘Selecting a Payment Hub 2021-22'. The analysis recognizes Fusion Global PAYplus for its combination of market impact, solution capabilities, and customer experience.
Phillip Benton, Senior Analyst, Financial Services Technology, Omdia, writes: "Payments is the key to unlocking new value-add services for banks, and they require a payments hub platform that provides interoperability whilst enabling new differentiating services.
Finastra is positioned as a leader because its payment hub incorporates a wide breadth of functionalities that are available off-the-shelf and can be deployed flexibly. Finastra has a large ecosystem of fintech partners through its collaboration platform, which is integrated with the payment hub solution. These attributes contribute to it scoring highly across several categories and the solution has been praised by customers for its excellent customer support and collaborative approach to designing its product roadmap.”
Fusion Global PAYplus is a proven omnichannel payments hub available on the cloud or on-premise. It provides domestic and international order management, payment processing, and payment execution functionality across a broad range of payment instruments.
Barry Rodrigues, EVP, Payments Business Unit at Finastra, added, "The report observes that ‘managing payments through a hub solution is fast becoming the default approach to help banks navigate the disruption of how payments will be processed in the future’. It’s a trend we see too, as organizations look to scale and take on increasing volumes. Our approach combines proven technology and a collaborative ecosystem of partners that enables banks large and small to tap into fast and flexible payments technology. This leader status is testament to that."
To download the Finastra report click here.
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Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at finastra.com.
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Omdia is a leading research and advisory group focused on the technology industry. With clients operating in over 120 countries, Omdia provides market-critical data, analysis, advice, and custom consulting. Omdia was formed in 2020 following the merger of IHS Markit, Tractica, Ovum and Heavy Reading. Sitting at the heart of the Informa Tech portfolio, Omdia reaches over four million technology decision makers, influencers and practitioners that form part of the wider Informa Tech community and has specialist research practices focusing on Enterprise IT, AI, Internet of Things, Communications Service Providers, Cybersecurity, Components & Devices, Media & Entertainment and Government & Manufacturing. For more information about Omdia, please visit www.omdia.com.