Fintech Thunes partners with Finastra on alternative payment

The partnership will allow Finastra’s existing 8,600 customers to access new payment rails across 115+ markets, helping them to instantly send money to countries or use payment methods which they were not able to access before, Thunes said in a press release

Thunes, a Singapore-based Fintech company and a leader in global cross-border payments, has announced a partnership with Finastra, the largest pure-play software vendor that serves the entire financial services industry, to integrate into Finastra’s SaaS payments connectivity platform known as Fusion Total Messaging.

The partnership will allow Finastra’s existing 8,600 customers to access new payment rails across 115+ markets, helping them to instantly send money to countries or use payment methods which they were not able to access before, Thunes said in a press release.

This is another great example of how FinTech, pureplay tech, and traditional banks can work together to deliver a strong and unique value proposition to customers.

Thunes allows businesses and their customers to send payments to and get paid in from anywhere across the world. Unlike traditional payment networks, it offers fast, transparent and affordable payments to over 110 countries and enables businesses and their customers to be paid in more flexible ways.

As a global leader in the FinTech space, Finastra provides the broadest, deepest software applications and connectivity to marketplaces, partners and FinTechs through its open platform, FusionFabric.cloud.

The pace at which the cross-border payment industry is transforming and the rate at which customers’ demands are changing, coupled with the ever-increasing regulatory scrutiny, are driving us to constantly challenge ourselves, look beyond the horizon, and seek synergies with dynamic, innovative and engaging partners. In a bid to deliver a better global payments experience for everyone, we are delighted to partner with Finastra to deepen connectivity to existing and new financial institutions on the Finastra platform, said Dawei Wang, Head of Strategic Partnerships, Thunes.