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FSS, JIT alliance to deliver digital banking solutions to Sri Lanka

March 27, 2018

Financial Software Systems, a provider of payments technology and transaction processing solutions, has forged a strategic partnership with Just In Time Group, a systems integrator, to expand the FSS market footprint in Sri Lanka.

As part of the partnership, JIT will provide regional banking knowledge, system integration skills, post-sales support and overall project coordination for the implementation of FSS products. According to a press release, these products will enable banks and payment service providers to rapidly bring innovative payment solutions to the market.

In light of strong economic growth and increasing Internet and smartphone use in Sri Lanka, banks are pursuing rapid digitalization to modernize their payments infrastructure, leverage efficiency, and maintain the highest standards of security and service for customers, FSS said.

To serve this growing market, FSS and JIT plan to offer a range of products for issuance, acquiring, digital security, smart back-office for ATM monitoring and reconciliation, and digital banking.

"Financial institutions and payment service providers on the digital transformation path are increasingly investing in building lean, agile infrastructure to improve response time to the market and deliver differentiated offerings," said Suresh Rajagopalan, FSS president of software products. "FSS's end-to-end expertise in digital payments combined with JIT's integration experience and round-the-clock, on-demand support will deliver compelling value for financial institutions and their customers."