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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
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Packaged solution, Fusion Payments To Go, will support frictionless immediate payments and better customer service
LONDON, April 26, 2021 /PRNewswire/ Finastra today announced that Mizrahi-Tehafot Bank, the third largest bank in Israel, has chosen its pre-packaged payments solution, Fusion Payments To Go. The solution, aimed at small and medium-sized banks looking to implement domestic and cross-border payment services, will enable the bank to offer its customers frictionless and immediate payments, with reduced, fixed implementation cost. With a modern and agile solution in place, the bank will be able to better serve its customers, and in turn to grow its business, whilst being prepared for changing regulations such as ISO 20022.
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Mizrahi-Tehafot Bank goes live with Finastra 3 hours ago
Source: Finastra Finastra today announced that Mizrahi-Tehafot Bank, the third largest bank in Israel, has chosen its pre-packaged payments solution, Fusion Payments To Go. The solution, aimed at small and medium-sized banks looking to implement domestic and cross-border payment services, will enable the bank to offer its customers frictionless and immediate payments, with reduced, fixed implementation cost. With a modern and agile solution in place, the bank will be able to better serve its customers, and in turn to grow its business, whilst being prepared for changing regulations such as ISO 20022.
Mizrahi-Tehafot Bank selects Finastra to support cross-border payments
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