Duotech enhances payment solution with DT-ProPay in Singapore
By Gloria Mathias
Duotech, a software and app solution, has announced the latest enhancement to its payment solution, DT-ProPay, to offer services to the FinTech and software industries.
The enhanced payment solution is powered by a payment rule engine, a service that automates payment decisions and processes. DT-ProPay evaluates payment transactions against a set of predefined criteria, including transaction amount, payment method, customer location, risk factors, and business policies.
Currently operational within Duotech’s in-house platforms, the engine is set to be optimised for use by a wider range of external businesses. By directing transactions to the most suitable payment gateway, acquirer, or fraud prevention system, Duotech’s DT-ProPay greatly enhances the user experience, increases payment success rates, and significantly lowers business costs.
Duotech’s suite of products also includes a comprehensive range of FinTech infrastructure and AI-powered finance products. With an elite copy trading system, Duotech revolutionises copy trading with AI-powered insights and automation, enabling traders to develop, share, execute, and copy trades on a single platform.
Harnessing the latest AI developments, Duotech provides algorithmic trading bots for rules-based or AI-driven automatic trade execution, freeing up traders’ time while minimising emotional biases. Additionally, its compliance automation solution streamlines compliance processes by automating KYC/AML checks and regulatory reporting.
Leo Wang, CEO of Duotech, said, “As a market leader in software solutions, we look to consistently pioneer innovations in the industry for our customers’ benefit. Our enhanced DT-ProPay not only optimises payment processes but also signifies our dedication to staying ahead of industry standards. By investing in technology that lowers costs, enhances the user experience, and ensures payment success, we empower businesses to thrive in the dynamic landscape of digital transactions.”
“At Duotech, our mission is to drive innovation and increase business efficiency through our suite of solutions. We are not just developers; we are problem solvers. Our commitment extends beyond our technological solutions, and we strive to do business ethically, sustainably, and with a socially responsible mindset. We believe we can make a positive impact on the world, one solution at a time,” added Wang.
IBSi Daily News Analysis
February 23, 2024
Regulated firms battle surge in financial crime attempts, research revealsRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage