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fsstech.com

Founded Year

1991

Stage

Private Equity | Alive

Total Raised

$117M

Last Raised

$57M | 8 yrs ago

About Financial Software & Systems

Financial Software & Systems is a global, payment systems company, offering services in areas of electronic payment and solutions in financial transaction processing.

Financial Software & Systems Headquarter Location

G 4, 1st Cross Street, SIPCOT IT Park Rajiv Gandhi Salai (OMR), Siruseri, Navalur

Chennai, 603 103,

India

+91 (0)44 4741 5600

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Expert Collections containing Financial Software & Systems

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Financial Software & Systems is included in 2 Expert Collections, including Payments.

P

Payments

1,949 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

3,403 items

Latest Financial Software & Systems News

Brexit looming, Financial Software & Systems chooses to relocate HQ to Amsterdam

May 31, 2019

Photo Credit: 123RF.com With Brexit looming, Chennai-based payments technology firm Financial Software & Systems (FSS) Pvt. Ltd has decided to relocate its European headquarters from London to Amsterdam, the company said in a statement. The firm is making investments in the region to expand its footprint as well as to strengthen customer delivery capabilities and grow market share, it added. FSS, which works with over 100 financial organisations globally, said that it is working with leading banks and processors to modernise legacy technology infrastructure. "Every aspect of the payments business is changing, and our customers are looking for a reliable partner to navigate the new technology and regulatory headwinds that are impacting businesses. Our deep expertise across the payment spectrum is a reliable partner for the transformation and delivery of new-generation payments," said Ram Chari, global business head of FSS. FSS, which has over 2,000 employees across the world, said that it is leveraging its deep payment expertise to partner with new entrants including fintech companies and payment processors to develop innovative payment propositions and help them scale efficiently. According to a recent CapGemini World Payments Report 2018, digital payments in Europe will grow to $151 billion in 2021 from $132 billion today, a CAGR of almost 7%. In Europe, FSS is focusing on leveraging its global expertise to deliver new propositions in the areas of prepaid card management, omni-channel acquiring, AI-based payments, strong customer authentication, and smart reconciliation solutions to compete more effectively, enter new markets, and better serve customers, the company said in a statement. "We will further expand our team, deepen our partnerships with customers across multiple European markets and, importantly, grow our presence to ensure that we can engage at the front-line in a region which is a significant player in the shaping of next-generation payments," said Haresh Hemrajani, regional general manager for Europe at FSS. Tags

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  • When was Financial Software & Systems founded?

    Financial Software & Systems was founded in 1991.

  • Where is Financial Software & Systems's headquarters?

    Financial Software & Systems's headquarters is located at G 4, 1st Cross Street, SIPCOT IT Park, Chennai.

  • What is Financial Software & Systems's latest funding round?

    Financial Software & Systems's latest funding round is Private Equity.

  • How much did Financial Software & Systems raise?

    Financial Software & Systems raised a total of $117M.

  • Who are the investors of Financial Software & Systems?

    Investors of Financial Software & Systems include PremjiInvest, Jacob Ballas Capital and New Enterprise Associates.

  • Who are Financial Software & Systems's competitors?

    Competitors of Financial Software & Systems include Mindgate Solutions and 1 more.

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