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NovoPayment launches Orchestra 2.0 for financial institutions

By Delisha Fernandes

July 07, 2023

  • BaaS
  • deposit accounts
  • Digital Banking
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NovoPaymentNovoPayment, a financial and payments infrastructure provider, announced the launch of Orchestra 2.0, an advanced cloud-based middleware orchestration layer of its BaaS platform.

Orchestra is designed to help financial institutions modernise their infrastructure more securely, scalable and cost-effectively. The solution enhancements include more capabilities, new API-based use cases to help developers build and deploy new applications, and expedited implementation times.

“Over the past few years, we have seen a rising demand from countless organisations for our middleware orchestration layer and endpoints in digital banking, payment and card solutions as they look to improve margins and reduce costs by leveraging reliable partnerships,” said Anabel Perez, CEO NovoPayment. “Orchestra is a streamlined, convenient way to unify user experiences and fast-track innovation while ensuring compliance.”

Orchestra provides the opportunity for financial institutions to benefit from NovoPayment’s technological solutions and further capitalise on localising experiences such as remote customer onboarding, instant issuance of deposit accounts & payment credentials, secure remote & contactless commerce, and cash & treasury management, among others.

“Middleware serves as the vital conductor in the symphony of banking-as-a-service, enabling our customers to digitise their operations seamlessly and outperform their competitors,” said Rama Ituarte, Chief Technology Officer at NovoPayment. “In an industry where agility, availability and scalability are the keys to success, Orchestra fosters innovation through simplified and automated business processes in agnostic, multi-cloud environments.”

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