FSS rolls out PayTech platform ‘BLAZE’ for financial institutions

By Gloria Mathias

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

BLAZE is designed to meet the growing need for scalability and security. The platform is expected to offer significant gains in terms of speed and scalability, ensure high durability during peak workloads, improve fraud prevention, and enhance services to end consumers.

FSS payment gateway, powered by BLAZE, can handle more than 5,000 transactions per second (TPS) to ensure more successful transactions during peak hours. It enables banks to deliver higher TPS to align with the growing digital commerce adoption in the country.

The adoption of BLAZE will also empower financial institutions to roll out innovative payment offerings to market faster, enhance their competitive edge, and attract new customers.

V Balasubramanian of FSS said, “BLAZE 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 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.”

With this launch, FSS expects to impact the rapidly evolving payments landscape substantially.  Currently, BLAZE is accessible to customers in select markets such as India, the Middle East and Africa, and FSS plans to introduce it in additional markets progressively.

Financial Software and Systems (FSS) is a globally leading provider of payment technology and a transaction processor. The company offers an integrated portfolio of software products, hosted payment services, and software solutions.