Payment Technology provider, Financial Software and Systems (FSS) has announced the launch of ‘BLAZE’, a payments technology platform, designed to meet the needs of banks and financial institutions. Using this platform, FSS Payment Gateway can process more than 5,000 transactions per second. 

The newly launched platform is expected to offer significant efficiency gains in terms of speed and scalability, ensure high durability during peak workloads, improve fraud prevention, and enhance services to banks and financial institutions.

Banks, currently operating on monolithic infrastructures, face numerous challenges such as the flexibility of enabling quick system integrations, the inability to provide exceptional customer experience for ease of payments, and ensuring cost efficiency for lower cost per transaction, among others. BLAZE addresses the core of these challenges, said the company. 

Headquartered in Chennai, the company processes 3 billion+ transactions annually. It manages and operates 40,000+ ATMs nationwide and 600M+ Mobile Banking Transactions Annually. FSS is also a strategic payments partner for leading global banks, financial institutions, processors, central regulators, and governments across North America, the UK, Europe, the Middle East, Africa, and APAC and has 2,500 domain specialists on board.