Finastra

With the growth of real-time, ISO 20022 adoption, Open Banking, and rise of cloud native platform ecosystems, the payments landscape has evolved. Maintaining costly, complex in-house legacy systems won’t deliver the digital experience that financial institutions need to give their customers.

Infosys & Finastra helps modernize the payment experience of financial institutions regardless of size or geographic location – from global financial organizations to community banks and credit unions. Finastra’s proven payment solutions such as Global PAYplus (GPP) & Payments-To-Go (P2G) alongside a flourishing ecosystem of collaborating Fintechs are designed to offer banks and financial institutions a full end-to-end and future-proof service. Infosys Domain Consulting & Payments Practice brings rich experiences in building robust payment ecosystem. Joint solutions tackle many financial institutions’ immediate concerns of providing quick returns, reducing operational cost, risk & effort, and keeping alignment with market developments and payments scheme changes. We have a unique joint Infosys & Finastra Go-To-Market (GTM) strategy providing implementation & managed services offering (including wrap-around services).By moving to payment services that are pre-configured for rapid onboarding, cloud based, evergreen, and open for collaboration with the Fintechs community, financial institutions can embrace the new world of payments, reduce operational costs, and spend more time driving innovation and delivering service excellence.

About the Partnership

Infosys & Finastra have been partners since 2012. Infosys is an implementation & managed services partner for Finastra’s Payments solutions. Together, Infosys & Finastra are committed to helping banks and financial institutions adopt modernization strategies that are future-ready, business-aligned, customer-centric, and compliant, supporting demand for digital payments.

Infosys-Finastra 3600 partnership

Infosys and Finastra have a well-established and unique 360° partnership offering best-in-class Payment solutions and delivering the value of these solutions to help financial institutions achieve transparency, efficiency, and value in their payment transformation journey.

Our relationship has evolved over the years with the help of a strong governance to provide joint solutions and capabilities across the payments landscape and covering different functional areas.

Evolving Global Payments Landscape: Infosys in Conversation with Finastra

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Key Benefits

Industry-leading solution offering

Finastra’s GPP & P2G solutions are Industry leading and compliant to regulatory standards and are capable to match the digital transformation objectives.
Hassle-free evergreen solution covering Infra + Product + Application maintenance and support for contract duration.
Craft on-trend digital payment experiences with resilient, responsive, and customer-centric payments offerings

Robust product competency centre

Infosys leverages its GPP Product Competency Centre for Accelerating Training and Best Practices adoption for Client implementations.
Deep Finastra Product Talent Pool and Payments expertise of Infosys resources
Infosys team of product specialists offer tailor-made solution matching the level of engagement, timeline and scale.

Faster Implementation

The solution’s modular design supports an incremental approach to transformation, allowing banks to take immediate steps based on near-term business objectives or regulatory requirements, while laying the foundation for a fully integrated, end-to-end payment services hub that replaces all legacy processing silos.
Navigate regulatory nuances for balanced, compliant innovation and maintain peace of mind for banks and financial institutions and their customers.

Payment consolidation and cost optimisation

Help in consolidated payment operations which helps to Saves time, reduces costs and risk and improves operational efficiency & Improves Customer Service.
Infosys provides a compelling commercial construct to lower the TCO and optimize the cost across program duration.
Get access to a world-class payment processing on the cloud with a flexible pricing model to help manage costs through P2G offering from Infosys & Finastra.
Consolidate multiple payment rails to a single payment platform for driving business optimization and to optimize total cost of ownership.

Key Offerings

1. Infosys offers a wide spectrum of Finastra’s Global PAYplus Product Implementation services:-

Increasingly financial institutions agree that the best way to address these challenges is through end-to-end payments transformation, powered by the implementation of a single global payments hub for managing and processing all domestic and cross border payments in a cost effective, secure, and reliable way. The GPP solution’s modular design supports an incremental approach to transformation, allowing banks to take immediate steps based on near-term business objectives or regulatory requirements, while laying the foundation for a fully integrated, end-to-end payment services hub that replaces all legacy processing silos.

Infosys team of GPP product specialists offer consulting & implementation services matching the level of engagement, timeline, and scale:-

Consulting Services

Product & System Assessment – Assessment of existing system functionality and static data to identify impact to business processes, product customization and Integration points to meet the Product requirement. Product fitment analysis are also done.
Implementation Planning – Creation of product strategy for Bank which includes requirement definition, testing strategy and project plan. Identification of dependencies, risk and mitigation approach.

Validation Services

Test Planning – Creation of Test plan and strategy documents to include all functional modules with emphasis on product features and functionality.
Test Execution – Creation of test scripts and SIT execution to validate all functionalities and execution of the same. Test data setup.

Maintenance and Support Services

Maintenance and Support – Support Major and Minor enhancements, Production Support of the platform and fixing of any production defects post go-live. Services will also include Product release support and maintenance releases.

Implementation, Migration & Upgrade Services

Current state Assessment & Requirement Analysis – As-is vs To-be analysis for product configurations, integrations and document the requirements – BRD and Functional specifications.
Design and Build – This includes the Business configuration, building and integration of Interfaces. Build common infra for multiple GPP offices. Cloud solutions can also be used for cost optimization which will ensure reduced costs, reduced storage cost by centralizing payments data in cloud which can be reused later.
Migration – Migration of Static Data like customer, account, BICS etc. This involves setup of static data and the associated configuration.
Validation – Creation of Test plan, test scripts and execution. Perform regression / performance test. Manage Testing Cycles (Unit, SIT, UAT). Product/Sanity testing of the configured product.
Go-Live and Warranty support – Implementation Plan and Run book, Go Live and Post Go Live Warranty Support.

2. Payments to Go (P2G) Managed Services offering:-

P2G solution enables consolidations of legacy systems into a single, highly configurable payment hub. We provide a joint Infosys & Finastra GTM to enable P2G solutions for the clients through manged services offering.

P2G provides Access to open banking and a supporting ecosystem offering a full remit of ready-to use, easy to integrate digital banking services & its Microservices are lowering running costs, and accelerating time-to-market for new launches and development operations (DevOps)

Benefits

Focus on what matters

With Managed Services, banks can transfer the operational burden of hosting, patching, upgrading and day to day application management to Finastra, enabling them to shift focus to managing their core business and driving strategic priorities

Continuous modernization

Additionally, with continuous modernization built into our service model banks can always stay up to date, meaning compliance with regulatory and clearing scheme changes is built in