FSS forms strategic alliance with JIT Group to expand SL footprint

As part of the partnership, JIT would provide regional banking know-how, system integration skills, post-sales support and overall project coordination for successful implementation of FSS products. This would enable banks and payment service providers to bring innovative payment solutions to the market. 

Suresh Rajagopalan, President, Software Products, said; “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. Working with JIT provides us a stronger footing in the market. FSS’ end-to-end expertise in digital payments combined with JIT’s integration experience and round-the-clock, on-demand support will deliver value for financial institutions and their customers.”

Sri Lanka is poised for rapid growth in digital payments. With economic growth, broadening Internet and smart phone usage, and a growing tech savvy population, banks are embracing digitalisation to capitalise on the demand momentum. Financial institutions, across the board, are modernising their payments infrastructure to improve revenue outcomes, leverage efficiency, and maintain high standards of security and service for customers. 

FSS offers an integrated portfolio of digital payments solutions that can be deployed in-house, hosted on FSSNeT (FSS private data center) or on a public cloud.