Thunes Partners with Finastra to Offer Alternative Payment Rails for Banks
Singapore 9 November 2021 – Thunes, a Singapore-based Fintech company and a leader in global cross-border payments, announced today a partnership with Finastra, the largest pure-play software vendor that serves the entire financial services industry, to integrate into Finastra’s SaaS payments connectivity platform – Fusion Total Messaging.
The partnership will allow Finastra’s existing ~8,600 customers to access new payment rails across 115+ markets, helping them to instantly send money to countries or use payment methods which they were not able to access before.
This is another great example of how fintech, pureplay tech, and traditional banks can work together to deliver a strong and unique value proposition to customers.
“The pace at which the cross-border payment industry is transforming and the rate at which customers’ demands are changing, coupled with the ever increasing regulatory scrutiny, are driving us to constantly challenge ourselves, look beyond the horizon, and seek synergies with dynamic, innovative and engaging partners. In a bid to deliver a better global payments experience for everyone, we are delighted to partner with Finastra to deepen connectivity to existing and new financial institutions on the Finastra platform,” said Dawei Wang, Head of Strategic Partnerships, Thunes.
As a global leader in the fintech space, Finastra provides the broadest, deepest software applications and connectivity to marketplaces, partners and fintechs through its open platform, FusionFabric.cloud, orchestrating the future of financial services.
Thunes is a B2B company that powers payments for the world’s fastest-growing businesses. Corporates and financial institutions can move funds seamlessly, securely and cost-effectively with Thunes’ well-established, reliable and far-reaching network. Thunes is used by leading global banks, money transfer operators, platforms and many other businesses to make payments to bank accounts, mobile wallets and cash pick-up providers around the world. With a single, simple connection, your business and customers can send payments to – and get paid in – every corner of the world. Instantly. Thunes is headquartered in Singapore with regional offices in London, France, Shanghai, New York, Dubai, and Nairobi. For more information, visit www.thunes.com
Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at www.finastra.com
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