• The new technology platform is designed to meet the growing need for scalability and security among financial institutions. 
• BLAZE^TM is built on a microservices architecture to simplify implementation of new technology within a banking ecosystem, be it on-cloud or not.  
• A one-stop, domain-agnostic technology platform to meet end-to-end future banking needs  

Financial Software & Systems Pvt Ltd (FSS), a globally leading provider of payments technology solutions has announced the launch of ‘BLAZE^TM’, an advanced payments technology platform designed to meet the diverse needs of banks and financial institutions.  

While banks and other institutional financial institutions have been operating on legacy monolithic infrastructures, it has kept banks behind in the technology innovation curve.  

V Balasubramanian of FSS said, “BLAZE^TM marks a significant milestone for FSS. It embodies our commitment to innovation and reflects our vision for the future of payments. We have created a payments industry-focused platform, which will help banks achieve their digital transformation goals. BLAZE^TM enables banks and financial institutions to deliver novel and innovative payment experiences to their customers. With its scalability, security, and adaptability, this platform is set to pave the way for the next generation of payment technologies.” 

Banks today face numerous challenges like the flexibility of enabling quick system integrations, providing exceptional customer experience for ease of payments & ensuring cost efficiency for lower cost per transaction, among others. BLAZE^TM addresses the core of these challenges. 

BLAZE^TM is a new-age technology platform built to deliver the next generation of payments technology stack for modern-day banking businesses. With a modular architecture, 12-core design principles, and a massive tech-stack that supports it across multiple layers. FSS ensures that the adoption of BLAZE^TM will empower financial institutions to roll out innovative payment offerings to market at a much faster speed, enhance their competitive edge and attract new customers. 

BLAZE^TM is expected to offer significant efficiency gains in terms of speed and scalability, ensure high durability during peak workloads, improved fraud prevention, and enhanced services to banks and financial institutions while simplifying choices and bolstering confidence of end consumers. For example, FSS Payment Gateway, powered by BLAZE^TM, can handle more than 5000 transactions per second (TPS) to ensure a higher number of successful transactions during peak hours. BLAZE^TM enables banks to deliver higher TPS to align with the growing digital commerce adoption in the country. 

BLAZE^TM stands out in the payments industry with its distinctive features. Its commitment to security is evident through its key design principles that adhere to industry standards, safeguarding data and preventing fraudulent activities. BLAZE’s open architecture will facilitate smooth integration with existing systems, fostering interoperability among various payment processes. What also sets BLAZE^TM apart is its real-time data analytics capabilities empowering businesses to enhance payment processing efficiency and swiftly resolve any payment-related issues.  

With this launch, FSS expects to create a substantial impact on the rapidly evolving payments landscape.  

At present, BLAZE^TM is accessible to customers in select markets such as India, Middle East and Africa and FSS plans to progressively introduce it in additional markets in the upcoming months.