Finastra and Aspire Systems team to accelerate instant payments

By Gloria Methri

Finastra has teamed up with Aspire Systems to enable financial institutions worldwide to transform their payment operations and accelerate instant payment offerings.

With Finastra’s Payments To Go and Aspire Systems’ implementation and system integration capabilities, customers will benefit from end-to-end, multi-rail payments processing SaaS solutions, available on Microsoft Azure.

They will have direct access to networks such as TARGET Instant Payments Settlements (TIPS) from The European Central Bank, the US real-time payments (RTP) and FedNow, and SWIFT.  

Sylvie Boucheron-Saunier, Global Chief Revenue Officer, of Payments at Finastra. “As a highly agile and configurable solution, Payments To Go, available as a cloud-based managed service, enables banks to evolve with ongoing innovation and regulatory demands, quickly, at a low cost, and with added security. By partnering with Aspire Systems, we can deliver our evergreen solution to financial institutions globally through the organization’s expertise in delivery and implementation, as well as its value-added services such as Variable Recurring Payments, Request to Pay, and Confirmation of Payee.” 

Payments To Go provides end-to-end payment processing as a scalable SaaS model, enabling banks to accelerate their instant payment services roll-out and deliver flexible digital payment offerings faster and more efficiently. 

Integrated with Finastra’s open platform for innovation, FusionFabric.cloud, they can also adopt value-added services quickly and seamlessly. 

Suresh Ranganathan, Global Head of Banking and Financial Services at Aspire Systems said, “With the combination of real-time payment support, marketplace integration, and Open Banking enablement, our partnership with Finastra will increase value for our customers and help them go to market faster and stay nimble. Finastra’s solution maturity, with Aspire’s technology and domain expertise, will accelerate customers’ strategic and tactical payment modernization efforts as the industry moves into Open Finance.”