#United States #DXC Technology #Ashburn, VA #Payments modernization #Aptys Solutions

Partnership Overview

DXC Technology, a leader in enterprise technology solutions, has teamed up with Aptys Solutions, recognized for their comprehensive payments platform. This strategic alliance aims to modernize payment connectivity for financial institutions across the U.S. By integrating their capabilities, they promise enhanced efficiency, reduced operational risk, and significantly improved customer experiences for institutions both large and small.

Goals of the Partnership

The core goal of this partnership is to simplify the connection of financial institutions (FIs) to payment services. The collaboration will help institutions leverage Aptys' unified payments platform, allowing them to process transactions through various channels including ACH, real-time payments like FedNow® and RTP®, as well as traditional methods like wire transfers and checks.

Enhancing Financial Services

Through this partnership, DXC will integrate Aptys' offerings with its own banking transformation portfolio. This integration will enable FIs to streamline their payment processing systems, improve interoperability across various networks, and ultimately reduce the total cost of ownership associated with payment services. The enhancements provided by DXC and Aptys will democratize access to modern banking capabilities, particularly benefiting smaller community banks and credit unions, which may typically lack access to state-of-the-art technology enjoyed by larger institutions.

The Need for Modernization

With rapidly evolving customer preferences and increasing digital transactions, financial institutions are under pressure to modernize their payment infrastructures. Sandeep Bhanote, Global Head and General Manager of Financial Services at DXC, notes that “FIs are seeking practical ways to modernize payments while managing cost, complexity, and risk.”

Aptys Solutions offers API-driven connectivity for various services, including balance inquiries, payments initiation, and messaging services. These services are essential for FIs looking to streamline their operations and improve customer engagement, yet many institutions struggle with high costs due to reliance on third-party vendors. By directly facilitating bank-to-bank processing, the partnership aims to empower institutions to capture the full value created by their payment systems.

Benefits for Community Institutions

Naseer Nasim, CEO of Aptys Solutions, emphasizes the potential for this collaboration to empower hundreds of financial institutions by delivering payment experiences that are fast, efficient, and secure. This will not only help build trust between institutions and their clients but also create a robust environment for providing innovative financial services.

Future Developments

The initial focus of the partnership will be to enable core payment API transactions. As they progress, DXC and Aptys plan to expand their offerings further by introducing new capabilities, including digital wallets, property custody, and wealth management services. This phased approach is designed to ensure that institutions can modernize their capabilities steadily, without overwhelming their existing systems.

About the Companies

DXC Technology

DXC Technology stands out as a leading partner for enterprises seeking innovation and modern technology solutions. With a portfolio that includes a range of software services and solutions, DXC helps organizations navigate through complex technological changes by harnessing the power of cutting-edge tools like artificial intelligence and managed infrastructure.

Aptys Solutions

Aptys Solutions focuses on end-to-end payments technology, delivering solutions that support a variety of transaction methods. With a significant network of over 5,500 financial institutions utilizing their technology, Aptys continues to innovate and provide sophisticated solutions aimed at modernizing payment systems across the financial services sector.

In a world where technology is constantly advancing, the partnership between DXC and Aptys not only highlights the importance of modernization but also underscores the ongoing effort to create a more efficient and inclusive financial ecosystem for all institutions, regardless of size.