58 Financial Software & Systems Pvt Ltd (FSS), a leading global payments technology solutions provider, unveiled BLAZE for the Middle East payments market at the Simply Payments conference in Dubai. BLAZE, introduced during the Leadership Connect Conference, is a cloud-native microservices-based platform designed to address the evolving needs of banks and financial institutions in the region. It aims to provide scalable and secure payment transactions, enhancing efficiency and fraud prevention while simplifying choices for end consumers. The Simply Payments event, themed ‘Redefining payments ecosystem through platforms’, featured industry dignitaries and speakers who discussed various aspects of the payment landscape. BLAZE was presented as a solution to improve speed, scalability, and durability, catering to peak workloads and bolstering services for financial entities. With the BLAZE architecture, FSS Payment Gateway can process over 5000 transactions per second, offering significant efficiency gains compared to traditional systems. FSS’s extensive experience in the Middle East, including partnerships with top-tier banks and successful product deployments, underscores its commitment to innovation and service excellence in the region. You Might Be Interested In U.S. Regional Banks Under Pressure a Year After Silicon Valley Bank’s Fall Fidelity National Financial, Inc. Announces Commencement of Consent Solicitation India and UK Leaders Reaffirm Commitment to Trade Deal General Electric Completes Three-Way Split, Transitioning from Storied Past NRG Energy Repurchases $251 Million of Convertible Senior Notes Vistra Announces Dividend Increase Across Common and Preferred Stocks
