Israel’s third-largest bank, Mizrahi-Tefahot, has selected Finastra’s pre-packaged payments solution Fusion Payments To Go. The solution is aimed at SMBs who are seeking domestic and cross-border payment services and will help the bank offer immediate and easy payments.
Built on Finastra’s payment hub, Fusion Global PAYplus, Fusion Payments To Go provides best-practice operating rules for supported clearing and settlement mechanisms, as well as standard integration to external applications. This means the need for expensive and time-consuming maintenance is removed and the banks can redirect funds towards business services to enhance the customer experience.
Avi Benzvi, Country Manager in Israel at Finastra. Photo: Eleanor Bor