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Chennai-based Financial Software and Systems (FSS) is partnering with the US-based Montran Corporation for providing customised wholesale payment solutions for the banking industry. FSS signed an exclusive System Integrator agreement with Montran for the Indian market. The Integrated Payments Hub solution will be offered to banks in hosted and licensed models. According to a press release, the solution will assist banks in strengthening their multi-channel strategy with less impact on their host systems for regulatory changes. Through this, compact payment ecosystems for banks will be introduced in India and later globally.
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