Bank / Credit Union
Pre-packaged solution supports cross-border payments for Mizrahi-Tehafot Bank
April 26, 2021
Mizrahi-Tehafot Bank, the third largest bank in Israel, has chosen a pre-packaged payments solution, Fusion Payments To Go by Finastra, to offer its customers frictionless and immediate payments with reduced, fixed implementation cost. With this solution the bank will be able to better serve its customers, grow its business, while preparing for changing regulations such as ISO 20022, according to a press release.
"The payments landscape is accelerating at a quicker pace than ever before and payments is now a strategic pillar for our business," Dudi Avni, head of delivery channel applications at Mizrahi-Tehafot Bank, said in the release. "Using Finastra's payment hub will enhance our customer service and enable Mizrahi-Tehafot Bank to fulfil its strategic plan regarding payment services. Both retail and corporate clients are increasingly demanding a more seamless payment experience and a broader set of payment options. Finastra's pre-packaged solution, based on its tried and tested global payment hub, will go far in helping us while bringing sizable cost savings."
Built on Finastra's payment hub, Fusion Global PAYplus, Fusion Payments To Go removes the need for expensive scheme maintenance, allowing banks to redirect these funds towards the delivery of business services that will improve the customer experience and deliver revenue growth.
